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IRS tax debt agreements have plummeted: ‘I’ve never seen a number that low,’ taxpayer advocate says
The IRS accepted approximately 5,500 offers in compromise during fiscal year 2025, representing a 57% decline from 2023, while applications for such debt relief agreements increased 29% over the same period.
Capital gains tax: how it works, and the pros and cons of another rise
Capital gains tax has emerged as a potential revenue source for the upcoming budget, with debate intensifying over whether to raise rates further toward income tax levels.
Salesforce issues revenue target of over $63 billion for fiscal 2030, beating estimates
Salesforce forecast fiscal 2030 revenue exceeding $63 billion at Dreamforce, surpassing analyst estimates of $59.2 billion amid AI integration efforts and stock recovery.
Leipzig’s Hydrogen Garbage Trucks Fail The Tuesday Test
Leipzig’s 16 hydrogen garbage trucks achieved only 45.6% availability after two years of operation, falling short of the 80% rate for conventional vehicles and raising questions about hydrogen’s commercial viability for waste collection.
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US wheat farmers navigate uncertainty amid drought and geopolitical chaos
US wheat prices have reached three-year highs amid drought and geopolitical disruptions, yet farmers face uncertainty from elevated input costs and unpredictable weather conditions affecting planting decisions.
Wendy’s franchisee files for Chapter 11 bankruptcy protection as burger chain struggles
Meritage Hospitality, a major Wendy’s franchisee operating 314 locations, filed for Chapter 11 bankruptcy as the burger chain faces persistent same-store sales declines and profitability challenges.
Auto industry urges Trump to bar Chinese automakers in U.S. ahead of Xi visit
U.S. automotive industry groups urge President Trump to maintain barriers against Chinese automakers or ban them entirely, ahead of his meeting with Chinese President Xi Jinping.
Disney names CTO for the first time as media giant expands tech push
Disney appointed Karandeep Anand as its first chief technology officer, effective Oct. 2, to oversee enterprise technology, infrastructure, data, and artificial intelligence across the company.
What expensive sulfur means for your dinner table
Sulfur prices have surged dramatically due to global supply disruptions, threatening to increase fertilizer costs and ultimately push food prices higher in 2027.
JP Morgan struggling to forecast oil prices due to US-Iran war
JP Morgan has acknowledged difficulty forecasting oil prices amid the US-Iran conflict, stating analysts cannot determine how the situation will ultimately resolve or what economic outcomes may follow.
Ever wonder how the Fed’s interest rate actually works? We’ve got answers
The Federal Reserve raised interest rates by a quarter percentage point this week to combat persistent inflation, a move intended to cool spending and prices across the economy despite near-term pain for borrowers.
Taxi drivers’ share ‘complete nightmare’ as fuel prices soar
Fuel prices in the West of England have surged to nearly £2 per litre due to Middle East disruptions, forcing taxi drivers and other businesses to reduce profit margins while facing pressure to keep prices competitive.
Russia’s elections had few surprises – but how the Kremlin uses the results will be crucial
Russia’s United Russia party secured an even larger constitutional majority in parliamentary elections, with no surprises in the tightly controlled political system despite ongoing war and economic difficulties.
Lindsay Clancy’s ex-husband says he forgave her so he would not be ‘eaten up inside forever’
Patrick Clancy, ex-husband of Lindsay Clancy who killed their three children, says he forgave her to avoid being consumed by resentment, citing her severe mental illness as the underlying cause.
Merz vows to keep ruling coalition together for sake of Germany’s ‘democratic future’
German Chancellor Friedrich Merz vows to maintain his CDU-SPD coalition despite significant defeats in recent state elections where far-right and left-wing parties made major gains.
Brazil election: Lula and Flavio Bolsonaro tied in latest polls
Brazilian President Lula and Senator Flavio Bolsonaro remain statistically tied in recent polls ahead of the October 4 first-round election, with potential runoff dynamics tightening significantly.