The IRS is behind in processing tax returns for nearly 7 million Americans. Changes in the December and March stimulus bills account for the delay, as does a cut in IRS staffing. Lawmakers have asked the IRS to extend deadlines and remove requirements on filing amended returns. See more stories on Insider’s business page. President Joe Biden signed his $1.9 […]

Fauci said that 3-feet physical distancing in schools appeared to be safe. Current CDC guidance recommends “at least 6 feet” of distancing. A study showed 6-feet distancing did not reduce COVID-19 cases, compared to 3-feet distancing. See more stories on Insider’s business page. Dr. Anthony Fauci said Sunday that 3 feet of distancing between school kids, rather than the recommended […]

PayPal increased wages and cut healthcare costs after auditing employees’ financial situations. Now, PayPal is partnering with Just Capital, calling on other CEOs to do the same. The effort is part of a broader conversation around stakeholder capitalism. See more stories on Insider’s business page. It’s one thing for a leader to say they care about employees. It’s another thing […]

Ben Simmons helped the Philadelphia 76ers crush the San Antonio Spurs on Sunday, but he saved his biggest shot for the postgame. Simmons fired back at a Washington Wizards broadcaster who called him " overrated" during a telecast Friday. Simmons said the criticism from Justin Kutcher of NBC Sports Washington "is what it is" and brushed it off with a […]

Austria, Latvia, the Czech Republic, Bulgaria, Croatia and Slovenia wrote to the European Commission to complain that jabs are not being delivered on a proportionate basis. Their complaint follows news that AstraZeneca will not meet its delivery targets in the coming months. The European Commission has argued that distribution is a "transparent process" and it was the member states' decision […]

To predict the future of German-U.S. relations is not an easy task as many factors come into the mix. Germany and other nations have been criticized for not contributing enough to their defense budgets, with the NATO target set at 2% of GDP.   FRANKFURT — "The times in which we could rely fully on others — they are somewhat over."   […]

NEW YORK (BLOOMBERG) – Stripe’s valuation almost tripled in less than a year to US$95 billion (S$127.7 billion) with its latest funding round where it raised US$600 million, according to statement by the online payments processing company. The valuation figure is at the top of the range Bloomberg News reported in November, when the company was in talks for another […]

Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion. Stripe is now more valuable than SpaceX — and is likely the most valuable private tech company ever. Stripe’s CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise. Stripe has raised a new $600 million round of funding […]