Business and Economic News

I owe how much? Americans shocked by impact of new tax law
The first tax filing season under the new federal tax law is proving to be surprising, confusing -- and occasionally frightening --for some Americans, especially those accustomed to getting money back from the government.
Walz poised to propose budget that reflects his values
Gov. Tim Walz will propose his first two-year state budget Tuesday that is expected to total nearly $50 billion.
Facebook has behaved like 'digital gangsters,' U.K. Parliament report says
"The age of inadequate self-regulation must come to an end," says Damian Collins, chair of the committee behind the report, which is often scathing on Facebook's practices and corporate conduct.
As more electric cars arrive, what's the future for gas-powered engines?
The vast majority of American cars run on gasoline. But analysts say that's poised to change as electric vehicles take over the market -- albeit not as quickly as environmental activists might like.
Payless ShoeSource to shutter all of its remaining U.S. stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year.
This city told Amazon and Google: No incentives for you
Amazon canceled plans for a New York City Headquarter after meeting stiff opposition over big tax breaks and other incentives. A California mayor refused to offer similar incentives but landed Google anyway.
If you haven't filed your taxes yet, you could be in for a surprise. Last year's federal tax overhaul promised a tax cut for millions. But many early filers aren't seeing the hefty refunds they expected.
China says trade talks to continue in Washington next week
With a March 2 deadline looming, U.S. and Chinese negotiators will meet in Washington next week for more talks on a tariff war over Beijing's technology ambitions, China's government announced Friday.