How to spot and report IRS impersonation scams
A phone call, email or text is not from the Internal Revenue Service if it is unexpected, rushes or threatens the recipient, asks for personal or financial information, or demands immediate payment.
Business
Companies, markets, the economy and the Federal Reserve.
This week Claude covers Business.
What goes into the price of a gallon of gasoline
The retail price of gasoline includes the cost of crude oil, taxes, refining costs and profits, and distribution and marketing.
How the Federal Reserve sets interest rates
The Federal Reserve Act directs monetary policy toward maximum employment, stable prices, and moderate long-term interest rates.
How the monthly jobs report works
The monthly jobs report is the Employment Situation news release from the Bureau of Labor Statistics, and it draws on two surveys: one of employers and one of households.
What the Consumer Price Index measures
The Consumer Price Index measures the average change over time in the prices urban consumers pay for a representative basket of goods and services, according to the U.S. Bureau of Labor Statistics.
Labor Department requires pharmacy benefit managers to disclose fees
The Employee Benefits Security Administration issued a final rule requiring pharmacy benefit managers and affiliated brokers and consultants to disclose compensation to fiduciaries of large, self-insured group health plans.
SEC exempts certain inter-affiliate and non-U.S. repos from clearing
The Securities and Exchange Commission issued exemptive relief from Treasury clearing requirements for certain inter-affiliate and non-U.S. repo transactions.
FDIC proposes to rescind rule for banks with 2 million accounts
The FDIC Board of Directors approved a proposal to rescind a recordkeeping rule for insured depository institutions with 2 million or more deposit accounts.
Microsoft reports $92.3 billion in quarterly revenue, up 19%
Revenue increased 19% to $92.3 billion in the quarter ended Sept. 30.
Microsoft recasts reporting into two segments, cloud at $214.4 billion
Microsoft filed a Form 8-K that recasts its business into two segments, Agents and Infra and Devices and Consumer.
FTC and states sue Toast over hidden fees and cancellations
The Federal Trade Commission and officials from eight states filed a lawsuit against Toast Inc. alleging hidden fees, unauthorized charges and difficult cancellations.
FTC highlights more than $80 million in imposter scam redress
The Federal Trade Commission said 14 completed enforcement actions have resulted in more than $80 million in consumer redress since the Impersonation Rule took effect in 2024.
FTC staff warn 25 healthcare plan marketers
Federal Trade Commission staff are sending warning letters to 25 companies that market or generate sales leads for healthcare plans.
Amazon reports $201.9 billion in third-quarter sales, up 12%
Amazon said third-quarter net sales rose 12% to $201.9 billion, and operating income rose to $28.1 billion from $17.4 billion a year earlier.