Author: Editor

If there’s a Gen Zer on your holiday gift list this year, it may be best to forego one of the quintessential young adult presents: a wallet.Some 4.4 billion people, or about half of people worldwide, are using digital wallets, with that number expected to grow 35% by 2030, according to tech strategist firm Juniper Research. Adults 24 and younger are most likely to pay with their phones, using them to make 45% of their purchases, according to a 2025 report from the Federal Reserve (across age groups, mobile phones were used for 23% of payments). Cash now accounts for…

With flowers in the foreground, construction on the front of the U.S. Supreme Court continues Monday, Nov. 24, 2025, in Washington. Mariam Zuhaib/AP hide caption toggle caption Mariam Zuhaib/AP WASHINGTON — A faith-based pregnancy center will come before the Supreme Court on Tuesday to challenge an investigation into whether it misled people to discourage abortions. The facilities often known as “crisis pregnancy centers” have been on the rise in the U.S., especially since the Supreme Court’s conservative majority overturned abortion as a nationwide right in 2022. Most Republican-controlled states have since started enforcing bans or restrictions on abortion, and some…

Texas has launched a probe into Shein, accusing it of selling unsafe, toxic products to US consumers.Texas Attorney General Ken Paxton said in a Monday news release that his office was investigating the fast-fashion giant for potential violations of Texas law, “related to unethical labor practices and the sale of unsafe consumer products.”Paxton referenced Health Secretary Robert F. Kennedy Jr.’s “Make America Healthy Again” campaign in the release, saying that safe and non-toxic products were a key ingredient in the movement.”Any company that cuts corners on labor standards or product safety, especially those operating in foreign nations like China, will…

Costco is suing the government to recover tariff money.The wholesale retailer has filed a lawsuit against the United States, the US Customs and Border Protection agency, and Rodney S. Scott, the Commissioner of US Customs and Border Protection.The suit asks the US Court of International Trade to strike down tariffs imposed by President Donald Trump by executive order under the International Emergency Economic Powers Act, and to ensure tariff refunds for businesses that paid import duties.In a complaint submitted Friday, November 28, the retailer said it is seeking a “full refund” of duties it paid after Trump used the emergency-powers…

TV is an endangered species. People aren’t watching it, and don’t want to pay for it. And the companies that own TV networks are trying to find someone — anyone — to buy them.But not that long ago, lots of us were reveling in the “Peak TV” era — a time when inventive TV programming was plentiful and, crucially, popular. A time when you could watch “The Sopranos” on HBO, “Friday Night Lights” on NBC, and “The Shield” on FX.This was also a time when Kevin Reilly had great jobs in TV, where he steered programming at networks including NBC,…

Carcaught; a big shank; this order’s definitely to go; and other highlights of recent tax cases.Muskogee, Oklahoma: Michael Anthony Houser, formerly of Broken Arrow, Oklahoma, has been sentenced to 70 months in prison for one count of theft of federal funds and three years for one count of tax fraud, to be served concurrently.Between July 2016 and February 2024, while manager for the Muscogee (Creek) Nation Gaming Operations Authority Board, he embezzled and obtained by fraud $24,907,436.07. He also failed to disclose the stolen income for filing federal income taxes, causing a loss to the U.S. in 2016 through 2022;…

It’s a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or “phantom” income in 2026.That’s because, barring changes to the One Big Beautiful Bill Act, one provision in the vast legislation cuts the deductibility of gambling losses to no more than 90% of winnings, beginning next year. That means that breaking even will come with a tax bill. Hobbyists who itemize will also see an impact to their federal taxes and, possibly, their state taxes. Experts say the changes make it even more important for gamblers to keep careful records of their wins…

Students consistently misjudge key features of the junior auditor role, highlighting the need to level set student expectations to help address the accounting talent shortage.A study by researchers at the University of Wisconsin-Madison and Tilburg University in the Netherlands found that students underestimate the profession’s attractive aspects, like intellectual challenge, client interaction and autonomy, and overestimate its less appealing aspects, like repetitiveness and overtime. The misconceptions are particularly pronounced for Big Four firms, and decrease the likelihood of students pursuing an auditing career. The study surveyed 344 undergraduate and graduate students at universities in the Netherlands, as well as 161 junior…

2025-12-01T19:32:05.654Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link 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. Citadel, Balyasny, ExodusPoint, and more all made money in November. Big-name funds battled a choppy equities market, though stocks bounced in the second half of the month. Many hedge funds outperformed the modest 0.1% gain in November by the S&P 500 index. Hedge funds’ biggest names had a solid…

President Trump has signed the Internal Revenue Service Math and Taxpayer Help Act into law, requiring the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices, identify the item that’s being changed, and explain why a tax refund is higher or lower than expected. The bipartisan bill, backed by the American Institute of CPAs, was introduced in February by Rep. Randy Feenstra, R-Iowa, and Brad Schneider, D-Illinois, members of the House Ways and Means Committee, where it quickly passed later that month. The House passed the IRS Math Act in April and then the…