Author: Editor

Walmart is set to pay about $16 million to Spark drivers as part of a larger settlement over claims that it misled workers about pay and tips.The Federal Trade Commission said on Thursday that Walmart agreed to a $100 million settlement over claims that the big-box retailer told Spark drivers they would earn more in base pay than they actually did. The FTC also said Walmart misled drivers “by falsely claiming that 100% of customer tips would actually go to drivers.”Part of the proposed settlement includes a “driver fund” that would distribute $16.2 million to Spark drivers whose actual pay…

A man who lived in the iconic New Yorker Hotel for half a decade without paying a single cent in rent has been sentenced to jail.Police arrested Mickey Barreto in February 2024 and charged him with filing fraudulent property records after he attempted to claim ownership of the hotel, the Manhattan district attorney’s office said.Prosecutors said Barreto skirted thousands of dollars worth of rent payments by exploiting a little-known local housing law, and then attempted to charge another tenant in the building rent.“As alleged, Mickey Barreto repeatedly and fraudulently claimed ownership of one of the City’s most iconic landmarks, the…

President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country.Chip Somodevilla/Getty Images The Internal Revenue Service issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received an extra payment, according to a new report.Processing ContentThe report, released Thursday by the Treasury Inspector General for Tax Administration, noted that the American Rescue Plan Act of 2021 authorized a refundable tax credit of up to $1,400 for eligible individuals and directed the IRS to issue advance payments, also known as Economic Impact Payments.…

The American Institute of CPAs asked for guidance from the Internal Revenue Service and the Treasury Department on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act involving itemized deductions, estates, trusts and gift tax reporting.Processing ContentIn a letter Wednesday, the AICPA requested guidance on:The gift and generation-skipping transfer tax treatment of Trump Account contributions;The ordering rules for returning excess contributions made to an eligible individual’s Trump Account and allocation of gain or loss related to such excess contributions;Clarification of the prioritized listing mechanics for authorized individuals electing to open Trump accounts for…

The Paramount logo is shown on a structure at the company’s studio lot in Hollywood, Los Angeles, Feb. 26, 2026.Mike Blake | ReutersWarner Bros. Discovery said Thursday it’s valued Paramount Skydance’s latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets. Netflix will have four business days to make changes to its own proposal, the WBD board said in a statement.Earlier this week, Paramount raised its offer to $31 per share, up from $30 per share, all cash. It was the latest amendment to Paramount’s multiple offers in recent…

FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric. FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. When that happens, gamblers get discouraged, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC in an interview.”It’s fair to say, not everything went our way in the fourth quarter,” Jackson said. Shares of Flutter fell almost 7% in extended trading Thursday. Here’s what the company reported for the fourth quarter, compared with Wall Street consensus: Revenue: $4.74 billion vs.…

Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.Processing ContentDuring his State of the Union address on Tuesday night, President Trump pointed to the impact of the One Big Beautiful Bill Act, with its new tax breaks for tips, overtime income, senior citizens and car loans, as well as the tariffs that were ruled unconstitutional by the Supreme Court last week. Despite the high court’s decision, Trump announced he would nevertheless be…

“Happy Birthday!” texts, emails, or social media posts don’t quite have the same pizzazz as opening up a physical card in the mail.Cousins Andrew Gold and Aaron Albert want to revive the art of mailing greeting cards for Gen Z and millennials with their startup Escargot.”People want to feel human,” Albert told Business Insider in an interview.Launched in February, Escargot lets people send physical greeting cards for any occasion — birthdays, holidays, congratulations — all within its mobile app or website. Individual cards cost about $8, while subscriptions start at about $10 a month for two card credits that roll…

Growing up, when I imagined my 20s, I pictured living in a huge city apartment on my own, with a partner or a quirky group of roommates. I’d decorate my home with chic art pieces, paint the walls a dusty rose, and host dinner parties for my friends.I was desperate to begin my life. I thought adulthood started when you moved out; anything else felt like going backward.Then, my dad died, and my entire reality shifted.Living with family as an adult is often framed as a “failure to launch,” but navigating grief at home with my mom and younger sister…

In 10 years, there might not be many jobs, but there sure will be a lot of spin bikes. (At least, if you believe this ad.)The Belgian AI startup AiCandy released a new advertisement for their company, mocking AI’s skyrocketing demand for energy. It imagines a 2036 in which humans now power AI through group workouts — and features AI-aged versions of Sam Altman, Elon Musk, and Jeff Bezos.The video is a spoof ad for a company called “Energym,” which uses human cycling and rowing classes to generate the energy needed for AI.By 2030, 80% of humans had lost their…