![]() ![]() ![]() High rates can slow inflation, but they hurt investment prices. Strong reports on the economy earlier in the week sent yields higher and raised worries the Federal Reserve may keep interest rates higher for longer. ![]() Treasury yields held relatively steady, helping to keep trading quiet. The Dow Jones Industrial Average added 75 points, and the Nasdaq composite rose 0.1%. The S&P 500 rose 0.1% Friday following three straight days of declines. NEW YORK (AP) - Stocks drifted to a slightly higher close on Wall Street but still closed out their first losing week in the last three. Stock market today: Wall Street closes its worst week in the last 3 with a quiet finish Republicans in Congress are looking to claw back some of that money. The IRS is trying to showcase positive results from its burst of new funding under President Joe Biden’s Democratic administration. IRS Commissioner Daniel Werfel says that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting rich people who’ve “cut corners” on their taxes. WASHINGTON (AP) - The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes. ![]()
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