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In a notice on its website, the Internal Revenue Service announced Wednesday that it would be furloughing many of its employees and closing most of its functions as the federal government shutdown continues beyond the agency’s original contingency plan period.”Due to the lapse in appropriations,” the notice read, “most IRS operations are closed. An IRS-wide furlough began on Oct. 8, 2025, for everyone except already-identified excepted and exempt employees.”The IRS had used leftover funding from the Inflation Reduction Act to keep functioning for the first five days of the shutdown.”Employee who are not exempt or excepted are furloughed and placed…

The Hollywood Burbank Airport air traffic control tower stands in Burbank, California, on Oct. 6, 2025.Mario Tama | Getty ImagesA shortage of air traffic controllers could delay more flights, the Federal Aviation Administration warned on Wednesday, as concerns grow about the effect of the government shutdown on U.S. aviation.About 10,000 flights were delayed on Monday and Tuesday, though disruptions dropped on Wednesday to just more than 1,900. A shortfall of already-thin air traffic control staffing this week had prompted the FAA to slow or halt arrivals in Burbank, California, and Nashville, Tennessee, among others.Transportation Secretary Sean Duffy warned Monday that…

The vast majority of accounting firms now offer at least some advisory services, with this growth enabled at least in part by AI and data analytics. This is according to a recent survey from Wolters Kluwer which found that 93% of firms now offer advisory services, up from 83% in 2024, with nearly half planning to expand offerings in the next year. The poll found 65% offer advisory as a key service, up from 49% last year. At this point, the data shows that only a small minority of firms offer no advisory services at all nowadays. While the shift away from…

As Hollywood wrestles with how to reconcile AI and the creative process, new research offers a look at how some in the industry are actually using the tech.The findings, published October 8, come from the Mozilla Foundation and think-tank the Berggruen Institute. They offer a rare snapshot, albeit based on a limited sample size, of how people in Hollywood are using AI.The research came out of discussions with 174 people working in creative fields over three months in early 2025. The largest group (43%) consisted of TV and film producers, directors, and similar professionals. Others represented music, marketing, and technology…

2025-10-08T15:24:53Z 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. Gold prices hit a record high on Tuesday of more than $4,000 per ounce. One popular place to buy precious metals is Costco, which reportedly sells over $200 million a month. Though the markup is low, these high-value items help the company show strong e-commerce growth. As gold prices…

James Comey, former FBI director, speaks at a book event in New York City in May 2025. He was arraigned on federal charges on Wednesday. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images Former FBI Director James Comey has pleaded not guilty to charges of false statements and obstructing a congressional proceeding. Comey entered his plea via his lawyer Pat Fitzgerald during his arraignment in federal court on Wednesday in Alexandria, Va. The judge on the case set a trial date of Jan. 5, 2026, and Comey is set to be released with no conditions. “It’s…

It turns out you can find common ground with almost anyone.Zohran Mamdani, the leading New York City mayoral candidate and a Democratic Socialist, said that Elon Musk got at least one thing right about politics.”We’ve allowed someone like Elon Musk to make it seem as if the concerns of fraud and efficiency and waste, even quality of life — that these are somehow right wing concerns,” Mamdani said at Crain’s New York Business Mayoral Forum on October 8. “These should be at the heart of any politics for working class people.”On the surface, Mamdani and Musk have very little in…

Though I grew up in Scotland and now live in Ireland (both of which are gorgeous), I’m a sun seeker and not sure where I want to settle when I retire. The best way to find out, though, is to give different countries a try.So, in August 2023, I arranged my projects so I could spend a whole month scoping out a spot on my list of possible places to live: Malta.Though the country is undeniably lovely, I realized after visiting for a month that it isn’t actually my ideal forever home.Don’t get me wrong — Malta has a lot…

After months on pause, a key student-loan forgiveness program is back.Over the past week, student-loan borrowers on income-based repayment plans have started to receive emails from the Department of Education notifying them that they’ve met the payment threshold and qualify for debt cancellation.The emails, multiple of which were reviewed by Business Insider, had the subject line: “You’re eligible to have your student loan(s) discharged.” It said that the department is working with the borrower’s servicer to process the relief “over the next several months,” and the department will send the borrower’s discharge information to the servicer after October 21.Income-based repayment…

The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown.Andrew Caballero-reynolds | Afp | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.When the government shuts down, real estate watchers tend…