Author: Editor

Approximately 10,000 employers never paid the Social Security taxes they have deferred ever since the pandemic, according to a new report.The report, from the Treasury Inspector General for Tax Administration, examined an option offered by the Trump administration in 2020 allowing employers to defer the employee portion of Social Security taxes between Sept. 1 and Dec. 31, 2020 as a form of pandemic relief. The report found that over 1 million employers opted to use the payroll tax deferment, and most paid it as required. However, approximately $2 billion in unpaid deferrals remain (as of July 2024). The CARES Act enabled…

Starbucks’ new protein-packed beveragesSource: StarbucksStarbucks plans to tap into consumers’ protein obsession by launching protein-packed cold foam and lattes starting Sept. 29.From “gym bros” to users of GLP-1 drugs like Ozempic, many Americans are trying to consume more protein, with the goal of building or maintaining their muscle mass and feeling more satiated after meals. Roughly a third of U.S. consumers said they loved high protein in the second quarter of 2025, up from 24% three years ago, according to Datassential, which tracks restaurant menus and consumer preferences.Customers who add Starbucks’ protein cold foam to their grande beverages can expect…

House Republican leaders face powerful headwinds as they return to Washington to push for a second major tax and spending bill this year designed to meet fiscal conservatives’ demands for deeper federal budget cuts.The new GOP legislative drive, still in the early stages, lacks the urgency that the year-end expiration of 2017 tax cuts provided to speed President Donald Trump’s signature tax and spending law, and party leaders already stretched the limit of available sweeteners in that struggle to win over wavering swing-district lawmakers. “A big part of how they ultimately got to yes on the first bill was the sense…

An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console.Michael Ciaglo | Bloomberg | Getty ImagesCall of Duty, one of the most successful video game franchises of all time, will be coming to the big screen with the help of Paramount.The studio announced Tuesday that it had inked a deal with Microsoft-owned Activision to develop, produce and distribute a live-action feature film based on the first-person shooter game.”As a lifelong fan of Call of Duty this is truly a dream come true,” David Ellison, chairman and CEO of Paramount, said in…

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.The revolution in private markets and private lending is setting the stage for a sweeping investor shift out of publicly traded stocks and into alternatives, according to Apollo Global CEO Marc Rowan.With the stock market increasingly driven by passive investing and indexing, and dominated by a handful of mega-tech stocks, investors seeking diversification will need to start turning to the rapidly…

Corona and Modelo beers imported from Mexico for sale at a grocery store in Magnolia, Texas, on April 3, 2025.Ronaldo Schemidt | Afp | Getty ImagesConstellation Brands on Tuesday slashed its full fiscal-year outlook, saying a “challenging” economy is hitting its alcohol sales.The company, home to popular brands such as Modelo and Corona, had previously said in April that higher U.S. tariffs on beer would affect its sales and overall consumer demand. Constellation on Tuesday cut its comparable earnings per share outlook for its fiscal 2026 to a range of $11.30 to $11.60, down from $12.60 to $12.90.The stock fell…