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This season, more than 140,000 taxpayers successfully filed returns using IRS Direct File, a free tax filing pilot from the IRS.The program fully opened for certain taxpayers in 12 states in early March and saved filers an estimated $5.6 million in tax preparation fees for federal returns.However, the IRS has not ma...

Alphabet beat on earnings and revenue in its first-quarter results.Revenue increased 15% from a year earlier, the fastest rate of growth since early 2022.The company also announced its first dividend and a $70 billion buyback.Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Brueg...

HashiCorp software helps organizations manage cloud infrastructure and security credentials.The company's revenue jumped almost 23% in the most recent fiscal year, compared with 2% for IBM. HashiCorp at the Nasdaq MarketSite on Dec. 9, 2021.Source: NasdaqHashiCorp shares jumped almost 20% on Tuesday following a medi...

Meta CEO Mark Zuckerberg unnerved investors on the company's quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse.Shares of Meta tumbled as much as 19% in extended trading Wednesday."We've historically seen a lot of volatility in our stock during this phase of our produc...

Google search boss Prabhakar Raghavan told employees to prepare for a different market reality, because "things are not like they were 15-20 years ago."At a recent all-hands meeting, Raghavan said user behavior is changing, competition is heating up and regulation is becoming a bigger challenge.Raghavan said he's sh...

Carrier Global, the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning, is being transformed by the growing market for heat pumps and other HVAC climate technologies, which have outsold fossil fuel furnaces for two years in a row."HVAC is at an inflection point right now," said...

A drone operator loads a Walmart package into Zipline's P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023.Bunee TomlinsonAutonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in ...

A couple sits in front of a television with the Netflix logo on it.Picture Alliance | Picture Alliance | Getty ImagesLOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bot...

Dear Work It Out,I work in an office where the same floor is shared by multiple teams that don't work together, but work for the same parent company. I sit right next to a team that has a totally different job than I do — the work we do doesn't overlap at all — and while I've become friendly with a couple of people...

Less than eight years after introducing the Snowmobile at its Reinvent conference in Las Vegas, Amazon has taken the 18-wheeler out of service. Amazon Web Services designed the semi to help customers move large amounts of data to the cloud.A page on the AWS website devoted to products for large-scale data migration ...

Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023.Jose Luis Magana | APGoogle terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company's contract to provide the ...

Russia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund.Russia is expected to grow 3.2% in 2024, the IMF said in its latest World Economic Outlook published Tuesday, exceeding the forecast growth rates for the world's advanced economies, includi...

More people are looking for a new job, and they have high salary expectations.The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. And it's a big jump from November, when respondents said they'd need an offer of $73,391, on average, to take a n...

Google employees protest in New York on April 17th, 2024.Courtesy: No Tech For ApartheidNine Google workers were arrested on trespassing charges Tuesday night after staging a sit-in at the company's offices in New York and Sunnyvale, California, including a protest in Google Cloud CEO Thomas Kurian's office.The arre...

The American Dream — which for many people involves some combination of owning a home, getting married, having kids and making enough after expenses to save for retirement and spend on leisure — is becoming increasingly expensive."The benchmark of a six-figure salary used to be the gold standard income," Sabrina Rom...

Tesla will ask shareholders to reapprove CEO Elon Musk's $56 billion pay package, months after a Delaware court found it deeply flawed and voided it.The company is also seeking to reincorporate in Texas as a direct result of the court decision.Musk has publicly and bitterly decried both the decision and continued in...

Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the central bank's goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon."The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer th...

Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesEven as the IRS makes headlines for cracking down on the wealthy, state tax collectors have become even more aggressive with audits of high earners, according to tax attorneys and accountants.In New York, the tax department rep...

President Joe Biden's new plan to "cancel runaway interest" on student loans may reach as many as 25 million borrowers.It is the provision that might prove to be the most wide-reaching of the president's revised relief program, which he hopes will stand up to any legal challenges this time.U.S. President Joe Biden s...

Scrolling through my Venmo transactions, it's evident that requests for comically small amounts of money are almost always made by friends who were either born with or earn more money than me.The experience is curious and seemingly universal. "Rich people love to Venmo request you $4.72 for like half a bagel because...

Top venture capitalist Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter to the U.S. Senate calling on it to pass the so-called TikTok ban bill.Helberg and Khosla have regularly voiced their views on the dangers TikTok poses to the U.S., describing it as a "weapon of war."In an interview with CNB...

The wealthy are building "passport portfolios" — collections of second, and even third or fourth, citizenships — in case they need to flee their home country.Recent high-profile examples of second citizenships include billionaire tech investor Peter Thiel, who added a citizenship in New Zealand, and former Google CE...

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes | ReutersTesla will reveal its robotaxi product on Aug. 8, C...

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the L...