Jonathan Wong
The Latest
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Increased Tax Refunds Anticipated as IRS Implements Inflation Adjustments
The Internal Revenue Service (IRS) has commenced the distribution of tax refunds for the 2024 tax season, bringing financial relief to millions of Americans, particularly those eligible for the Earned Income Tax Credit (EITC). This year, taxpayers who qualify for the EITC can claim up to $7,430, a significant boon for families and individuals with low to moderate incomes seeking to mitigate their tax burdens and potentially secure refunds even in the absence of tax liabilities. 
The Internal Revenue Service (IRS) has commenced the distribution of tax refunds for the 2024 tax season, bringing financial relief to millions of Americans, particularly those eligible for the Earned Income Tax Credit (EITC). This year, taxpayers who qualify for the EITC can claim up to $7,430, a significant boon for families and individuals with low to moderate incomes seeking to mitigate their tax burdens and potentially secure refunds even in the absence of tax liabilities. -
Starbucks Commits to Wage Hike for Union Workers, Signaling Thaw in Labor Relations
Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas. 
Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas. -
Beyond Meat's Shares Leap on Revenue Beat and Aggressive Cost-Cutting Initiatives for 2024
Beyond Meat Inc. has exceeded market expectations for its fourth-quarter revenue, buoyed by sustained demand for its plant-based products outside the U.S. and a strategic shift towards aggressive cost management for 2024. 
Beyond Meat Inc. has exceeded market expectations for its fourth-quarter revenue, buoyed by sustained demand for its plant-based products outside the U.S. and a strategic shift towards aggressive cost management for 2024. -
Apple Puts Brakes on Electric Car Dream, Steers Toward AI Future
Apple Inc. has officially pulled the plug on its ambitious yet secretive endeavor to develop an electric car, marking a significant shift in the tech giant's foray into automotive technology. 
Apple Inc. has officially pulled the plug on its ambitious yet secretive endeavor to develop an electric car, marking a significant shift in the tech giant's foray into automotive technology. -
Family Dollar Stores Hit with Record $41.6M Fine Over Sanitary Violations
Family Dollar Stores, a subsidiary of Dollar Tree Inc., has been ordered to pay $41.6 million for distributing goods from a rodent-infested warehouse in West Memphis, Arkansas. 
Family Dollar Stores, a subsidiary of Dollar Tree Inc., has been ordered to pay $41.6 million for distributing goods from a rodent-infested warehouse in West Memphis, Arkansas. -
Macy's to Shut 150 Stores by 2026, Expands Luxury Brands Bloomingdale's and Bluemercury
Macy's has announced the closure of 150 underperforming stores by 2026, coupled with an ambitious plan to enhance its presence in the luxury market through its Bloomingdale's and Bluemercury brands. 
Macy's has announced the closure of 150 underperforming stores by 2026, coupled with an ambitious plan to enhance its presence in the luxury market through its Bloomingdale's and Bluemercury brands. -
Bank Executives' Pay Soars Amid Nationwide Branch Closures
The juxtaposition of soaring executive compensations against the backdrop of widespread branch closures has ignited a debate on corporate priorities and financial equity. 
The juxtaposition of soaring executive compensations against the backdrop of widespread branch closures has ignited a debate on corporate priorities and financial equity. -
FAA Report Highlights Safety Culture Flaws at Boeing Following Series of Incidents
A recent report by the Federal Aviation Administration (FAA) has cast a critical spotlight on Boeing's safety culture, uncovering significant concerns in the wake of two fatal 737 Max crashes and a series of safety and quality issues. 
A recent report by the Federal Aviation Administration (FAA) has cast a critical spotlight on Boeing's safety culture, uncovering significant concerns in the wake of two fatal 737 Max crashes and a series of safety and quality issues. -
FTC Takes Legal Action to Prevent Kroger-Albertsons Merger Amid Rising Grocery Prices
The Federal Trade Commission (FTC) has initiated a legal battle to halt the proposed $24.6 billion merger between two of America's leading supermarket chains, Kroger and Albertsons, citing concerns over potential negative impacts on consumers and employees. 
The Federal Trade Commission (FTC) has initiated a legal battle to halt the proposed $24.6 billion merger between two of America's leading supermarket chains, Kroger and Albertsons, citing concerns over potential negative impacts on consumers and employees. -
Experts Warn Social Security Beneficiaries Could Face Tax Hikes Amid Record COLAs
While the record-high 8.7% Social Security cost-of-living adjustment (COLA) in 2023 provided much-needed relief from inflation, it may have an unintended consequence: significantly higher tax bills for many retirees this year. 
While the record-high 8.7% Social Security cost-of-living adjustment (COLA) in 2023 provided much-needed relief from inflation, it may have an unintended consequence: significantly higher tax bills for many retirees this year.
