The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the Biden administration. The IRS said in a news release Thursday that it’s aiming to nearly triple its audit rate, to 22.6%, on corporations with
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Universal Music Group and TikTok struck a new licensing deal Thursday that will allow users of the popular video-sharing app to regain access to songs from Taylor Swift, Ariana Grande and Adele. The music giant pulled its stable of singers from the Chinese-owned app after its licensing deal expired in January when the two sides
May 6 2024 University of Birmingham A pattern of brain activity that helps prevent us from getting lost has been identified in a new study, published in Nature Human Behaviour. Researchers at the University of Birmingham and Ludwig Maximilian University of Munich have for the first time been able to pinpoint the location of an
Tesla has reportedly reneged on summer internship offers it made to college students. Multiple students described their situations in posts on their LinkedIn profiles this week, Bloomberg reported Wednesday. One of the students identified by the outlet said Tesla informed her on Monday via a phone call that she no longer had a summer internship, a development
Sign up for The Decision, a newsletter featuring our 2024 election coverage. Donald Trump has made his contempt for the court clear throughout his criminal trial in Manhattan, and now a judge has made it official. Juan Merchan ruled today that the former president had violated a gag order designed to protect the integrity of
WARSAW, Poland (AP) — Polish police have arrested a 16-year-old male on suspicion of attacking a synagogue with Molotov cocktails and said they plan to ask prosecutors on Thursday to open an investigation. The Nożyk Synagogue was attacked around 1 a.m. on Wednesday, sustaining some damage to its facade. Nobody was in the prayer hall
For the past couple of weeks, the vortex of campus politics has threatened to suck Joe Biden in. Protesters at colleges have dubbed the president Genocide Joe and demanded that he act to stop Israeli actions in Gaza, while conservatives have sought to blame Biden for disorder at colleges and universities. Even as other Democrats
US employers increased their payrolls by 175,000 in April — a notable slowdown from the average 276,000 new jobs per month created so far this year. Last month’s pace of hiring marked a change of tune from a recent trend in the labor market, where resilience has bolstered the Federal Reserve’s case that interest rates
European intelligence agencies have warned their governments that Russia is plotting violent acts of sabotage across the continent as it commits to a course of permanent conflict with the west. Russia has already begun to more actively prepare covert bombings, arson attacks and damage to infrastructure on European soil, directly and via proxies, with little
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I have spent a fair amount of time dunking on Elon Musk over the years. Among the things I have poured scorn upon are his puerile sense of humour, his asinine “lib-trolling”, his naive war
According to a new survey, only 6% of professing Christians possess a biblical worldview, as many Americans embrace syncretism. The American Worldview Inventory 2024, conducted by the Cultural Research Center at Arizona Christian University, found that the typical American adult is not a worldview purist but is essentially a worldview plagiarist, combining beliefs and behaviors
Peloton’s chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce. Chief Barry McCarthy told Peloton’s roughly 3,500 employees of his resignation in a note sent Thursday morning that his “one lasting legacy at Peloton” is the “GREAT lead team” he’s recruited since stepping
The father of Christian singer Mandisa told an audience during a “Celebration of Life” service Saturday that his daughter did not die from self-harm and that she had been battling COVID-19 in the weeks prior to her death. “She did not harm herself,” John Hundley, Mandisa’s father, said during the service at Brentwood Baptist Church
In a mad mix of game-show glitter and marketing flash, Airbnb is offering customers a chance to spend a night in a Paris museum, stay in houses mocked up to look like movie settings, or sleep surrounded by eight Ferrari racing cars. Those and other chimerical listings are part of a splashy new campaign by the short-term
The Boeing jet that dropped an emergency slide after taking off from JFK Airport on Friday is 33 years old — well past the typical retirement age for a commercial jetliner, according to aviation experts. The chute from Delta Flight 520 had detached from a panel above the right wing shortly after the Los Angeles-bound
A federal judge hammered key elements of Googles defense on Thursday as closing arguments began in a landmark antitrust trial that could potentially upend the tech giants online search empire. Judge Amit Mehta, who is expected to rule later this year on whether Google has maintained an illegal monopoly over the online search market, zeroed
Universal Music Group and TikTok struck a new licensing deal Thursday that will allow users of the popular video-sharing app to regain access to songs from Taylor Swift, Ariana Grande and Adele. The music giant pulled its stable of singers from the Chinese-owned app after its licensing deal expired in January when the two sides
Thousands of fans line up outside for hours, there’s expensive merchandise and even a secret movie. When 40,000 people descend on Omaha, Nebraska, Saturday, it might sound like a Taylor Swift concert or a Coachella-style festival. Instead they will sit rapturously for five hours listening to a 93-year-old man answering questions on the economy but
A North Carolina man won more than $800,000 in the lottery after his sister says she dreamt about riches. David Atwell, of Kannapolis, won $837,187 in Saturday nights drawing off a Cash 5 on a $1 ticket he bought at a local Jiffy Quik, North Carolinas Education Lottery announced. I was stunned, he said. At
A pilot and his passenger escaped uninjured Wednesday after their plane made an emergency landing on a Long Island beach — the second time the aircraft was involved in such a situation in eight years. Video posted to social media shows the single-engine Cessna 152 gliding over the small strip of sand at Cedar Beach
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