News Archives - Page 9 of 44

Pfizer Rakes in Biggest Profits in Company’s History Thanks to Billions from Covid Vaccine Sales

Pharmaceutical giant Pfizer has just recorded the highest revenue in the company's history thanks to the billions of dollars in profit it's raking in from COVID-19 vaccines. Covid products account for a large chunk of the vaccine maker's sales and secured Pfizer's record revenues for 2022. The record profits are…

New IRS Tax Rules Are a ‘Double Whammy’ for Families, Experts Warn

The new tax rules implemented by the Internal Revenue Service (IRS) could place a strain on some families hoping for an expanded child tax credit, experts are warning. The IRS has issued several press releases to warn about potentially lower tax refunds this filing season. However, some analysts say the…

IRS: Millions of Americans Don’t Realize They Are Eligible for Tax Credit

Millions of Americans don't realize that they are eligible for a tax credit, the Internal Revenue Service (IRS) has revealed. The IRS has issued a reminder regarding a tax credit that last year averaged over $2,000. However, roughly 20 percent of those entitled to the money didn’t claim it. “This…

House Votes to Limit Strategic Petroleum Reserve Release, against Biden Admin’s Wishes

The Republican-controlled House of Representatives has passed a bill to limit the ability of President Joe Biden's administration to release America's oil stockpile. After a lengthy debate over numerous amendments, the House passed the bill on Friday, against the Biden admin's wishes. The move to protect the Strategic Petroleum Reserve…

Google Is Curating Data for AI, Whistleblower Claims

Big Tech giant Google is curating data that artificial intelligence (AI) uses to learn, a whistleblower has claimed. The whistleblower, former Google employee Zach Vorhies, warns that Big Tech can bias the AI to censor information flowing on the Internet. Vorhies said he became concerned about how the company was…

PayPal Hack Exposes Customers’ Social Security Numbers, Names

Thousands of PayPal's customers' Social Security numbers and names have been exposed in a hack, according to reports. Some 35,000 PayPal user accounts have been hacked by “credential stuffing.” The breach resulted in hackers obtaining confidential information on PayPal's customers, according to a notification posted on a government website. The…

IRS Warns Tax Filing Season Has Started: Here’s What to Expect

The Internal Revenue Service (IRS) is warning Americans that the official tax-filing season started on Monday, January 23. The IRS says the amounts might be different than last year. “This filing season is the first to benefit the IRS and our nation’s tax system from multi-year funding in the Inflation…

Fox News Executive Alan Komissaroff Died at 47 after Heart Attack, Network Confirms

Alan Komissaroff, senior vice president of news and politics at Fox News Media, died at 47 years old after suffering a heart attack, the network has confirmed. Komissaroff died on January 20, two weeks after suffering a heart attack, Fox revealed in a statement. “This is an extremely difficult day…

Abbott Labs Under Criminal Investigation over Baby Formula Shortage, Company Says

Major baby formula company Abbott Labs is under criminal investigation by U.S. authorities over its conduct related to the formula shortage, according to reports. The U.S. Department of Justice (DOJ) is probing the matter, a spokesperson for the company told news outlets. “DOJ has informed us of its investigation and…

Netflix Warns Crackdown on Password-Sharing Will Expand, Says It ‘Undermines’ Business

Netflix has warned customers that it is expanding its crackdown on accounts that share their passwords with friends and family. The streaming company issued a notice to Netflix customers about accounts that are sharing passwords between several households. The warning comes as Netflix it rolls out paid sharing “more broadly”…