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Target employees are pushing the company to take a firmer stand against ICE.In a letter emailed to management on Friday, employees called on Target to “do the right thing” and bar federal immigration authorities from its stores. The letter, viewed by Business Insider, was signed by 284 employees, many of whom said they were residents of Minnesota, where Target is headquartered.”Target’s continued inaction in the face of the current administration puts all of us at risk of more harm in our workplaces and represents a moral failure to protect those in our community,” said the letter, which included current CEO…

2026-01-27T00:19:26.953Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Expedia is cutting jobs, the company confirmed to Business Insider. Expedia said it’s focusing on skills needed for the future and simplifying its structure. The scope of the cuts was unclear, but several affected employees posted about it on LinkedIn. Expedia laid off some employees on Monday and promoted…

2026-01-26T23:27:04.900Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nike plans to cut 775 jobs at its distribution centers in Tennessee and Mississippi. The layoffs aim to streamline operations amid supply chain and tech enhancements. Companies, including Amazon and HP, have cited tech advancements among the reasons for recent layoffs. Sportswear giant Nike is set to cut hundreds…

The Internal Revenue Service issued a notice Monday extending the deadline for making certain amendments to individual retirement accounts, Simplified Employee Pension arrangements and Savings Incentive Match Plan for Employees IRA plans until Dec. 31, 2027.Processing ContentNotice 2026-09 provides guidance on amendments under the SECURE 2.0 Act of 2022 for individual retirement arrangements and annuities, an employer’s SEP arrangement, and an employer’s SIMPLE IRA plan. The notice says the Treasury Department and the IRS have extended the deadline to make certain amendments for IRAs, SEP arrangements and SIMPLE IRA plans to Dec. 31, 2027.The Treasury and the IRS are still…

Americans can file their 2025 tax returns with the IRS starting on Monday, Jan. 26, but what many people really want to know is when they can expect their refund. That depends largely on whether you file electronically — as 93% of taxpayers did during last year’s tax season — or if you submit a paper return. Because the latter requires IRS employees to process the file, it can take much longer for these filers to get their refund checks. Some experts also warn that taxpayers could face customer service issues with the IRS this season, pointing to employee cuts at the agency last year…

A shopper carries a Nike bag in the Union Square neighborhood of San Francisco, California, US, on Wednesday, Jan. 21, 2026. David Paul Morris | Bloomberg | Getty ImagesNike is cutting 775 employees as the company looks to boost its bottom line and accelerate its use of “automation,” CNBC has learned. The layoffs, which are in addition to the 1,000 corporate job cuts it announced last summer, primarily impact distribution center roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, people familiar with the matter said. In a statement to CNBC, Nike said the layoffs primarily affect its U.S.…

The Internal Revenue Service offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay their tax debts, according to a new report.Processing ContentThe report, released Monday by the Treasury Inspector General for Tax Administration, noted that in February 2022, the IRS temporarily suspended certain automated collection notices to provide relief to taxpayers during the pandemic. Nevertheless, failure-to-pay penalties continued to accrue on those tax liabilities. In December 2023, the IRS announced it would waive these penalties for eligible taxpayers. TIGTA found the IRS correctly provided penalty relief to over…

I’m currently drinking my third coffee of the day out of my “super mom” mug, which feels appropriate. Last night, my husband stayed a few towns over to care for his aunt, so I’m solo-parenting three boys (6, 9, and 12) and trying to work. The storm falling the day after a weekend helped; I was able to cook ahead — soup, cookies, mac and cheese, etc. — that we will eat on the fly today. Three boys eat a lot.The huge saving grace is that I bought a lovely secondhand piano a few months ago. My kids all take…

The Treasury Department said it canceled $21 million of contracts with Booz Allen Hamilton, alleging the consulting firm failed to protect taxpayer data to which it had access, including President Donald Trump’s tax returns.Processing Content”Canceling these contracts is an essential step to increasing Americans’ trust in government,” Treasury Secretary Scott Bessent said Monday in a statement. “Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service.”Shares of Booz Allen Hamilton fell as much as 12.6% on the news. While the company’s work…

FOX Business Gerri Willis breaks down the impact of President Donald Trumps tax cuts on Varney & Co. Tax filing season officially opened on Monday for Americans to begin filing their returns for 2025 and policymakers are signaling that tax refunds are expected to be $1,000 larger than a year ago. Taxpayers will have between Jan. 26 and April 15 to file their 2025 tax returns or to request an extension until October, and the lawmakers who drafted the tax reform package known as the One Big Beautiful Bill Act (OBBBA) that became law last year are forecasting a bumper…