Morning Business Report: IRS workers owe millions in taxes

Senator Joni Ernst is calling on the IRS to conduct another audit of its employees after a report revealed that nearly 6,000 of them owed close to $46 million in taxes.

(LILAMAX)- Senator Joni Ernst is calling on the IRS to conduct another audit of its employees and contractors after a Treasury report revealed that nearly 6,000 of them owed close to $46 million in delinquent taxes as of May 2023. Only about a third are currently on payment plans.

Bloomberg reports that Starbucks is setting a goal of four-minute wait times for drive-thru orders and a maximum of 12 minutes for mobile pickups. At the same time, the coffee giant is working to encourage customers to linger—at least those not in a rush.

The Dow posted back-to-back losses, with new auto tariffs weighing heavily on stocks, particularly in the automotive sector.

Prime Minister Mark Carney says Canada will announce its response to U.S. auto tariffs next week. The country exported nearly $35 billion worth of vehicles to the U.S. last year, with major automakers like GM, Toyota, and Stellantis operating assembly plants in Ontario.

Despite being one of the best-selling video games of all time, Hogwarts Legacy won’t be getting a sequel. Warner Bros. Discovery reportedly canceled plans for an expansion and a “Definitive Edition,” citing concerns over whether the content justified the expected price.