Business

The Internal Revenue Service will refund pandemic-era late fees to US taxpayers following a late 2025 federal court ruling, but individuals face a strict July 10 deadline to manually claim the money.

The US Department of Education formally transfers roughly $180 billion in defaulted federal student loans to the Treasury Department, affecting nearly 9 million borrowers in default, as the Trump administration advances its broader effort to dismantle the agency.

Fannie Mae and Freddie Mac roll back costly 2024 insurance mandates, accepting cheaper roof coverage options and simplifying condo rules — directly lowering mortgage costs for American homeowners and buyers locked out by skyrocketing premiums.

HSBC Holdings Chief Executive Georges Elhedery is advancing a massive corporate restructuring that threatens 20,000 global back-office jobs. The multi-year plan leverages artificial intelligence to permanently replace human compliance and transaction monitoring teams.

Rising gas prices triggered by the U.S.-Israel war on Iran are reopening the return-to-office debate — and this time, the math is hitting workers' wallets directly.