A father and son will go to prison for a $20 million lottery scheme
A Massachusetts father and son were sentenced in federal court on Monday for a scheme that saw the pair illegally claim more than $20 million in lottery winnings and lie on their tax returns to dodge more than $6 million in federal taxes, prosecutors said.
2023-05-24 06:21
US securities regulator shuts down 'sham' marijuana offering
By Chris Prentice NEW YORK The U.S. Securities and Exchange Commission (SEC) on Tuesday said it obtained an
2023-05-24 05:29
Explainer-How could a US debt ceiling default hit regular Americans?
By Jason Lange WASHINGTON What could happen on Main Street if Washington's political showdown over the debt ceiling
2023-05-24 05:22
U.S. mid-cap retailers slip after latest batch of results
By Caroline Valetkevitch NEW YORK (Reuters) -Shares of U.S. mid-cap retailers mostly eased on Tuesday as the latest batch of
2023-05-24 04:27
White House takes new steps to study AI risks, determine impact on workers
By Nandita Bose WASHINGTON The White House said on Tuesday it would ask workers how their employers use
2023-05-24 02:46
Speeding up US power grid connection 'top priority', FERC chairman says
By Valerie Volcovici The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the
2023-05-24 02:21
US issues fresh North Korea sanctions on 'illicit' IT workforce
By Christopher Bing and Doina Chiacu WASHINGTON (Reuters) -The United States on Tuesday announced new North Korea sanctions related to
2023-05-24 00:21
US new home sales, business activity rise to 13-month highs
By Lucia Mutikani WASHINGTON Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted
2023-05-24 00:17
Meta sells Giphy at a significant loss after UK breakup order
Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the company last year.
2023-05-23 23:23
US business activity rises to 13-month high in May, S&P Global survey shows
WASHINGTON U.S. business activity increased to a 13-month high in May, lifted by strong growth in the services
2023-05-23 22:53
PacWest Bancorp's plan to sell $2.6 billion real estate loans calms investors
By Niket Nishant (Reuters) -PacWest Bancorp's shares rose nearly 18%, extending gains from the previous session after the lender's plan
2023-05-23 22:24
Fed's Logan: Discount window operations need to keep pace with speed of banking
RICHMOND, Virginia U.S. banks should be prepared to borrow regularly from the Federal Reserve's discount window, while the
2023-05-23 21:52