US oil prices jumped to six-year highs Tuesday after OPEC failed to reach a deal on oil production — raising concerns that output could fail to keep up with surging demand. Futures for West Texas Intermediate, the main US oil benchmark, advanced 1.3 percent, or about $1, to $76.16 per barrel. At one point, WTI … Read more
The Internal Revenue Service was still facing a backlog of more than 35 million unprocessed tax returns as of the end of the 2021 filing season in May — a pileup more than four times bigger than the end of the 2019 filing season, according to a government watchdog. The National Taxpayer Advocate found in its annual … Read more
Commercial landlords and brokers are rolling up their sleeves and getting down to business even as naysayers anguish over Manhattan’s record-high 18.7 percent office availability rate. A sure sign of their determination — and confidence — is the return of broker parties, a time-honored lubricant of the city’s office-leasing machine. The on-site gatherings where landlords … Read more
He may have sold the New York Mets for a record price last year, but Fred Wilpon is striking out when it comes to selling the sports channel behind the Major League Baseball team, The Post has learned. Wilpon last fall scored $2.475 billion — the most ever paid for an MLB franchise — when … Read more
Myanmar’s military junta has told foreign executives of major telecommunications companies that they cannot leave the country without permission. Myanmar’s Posts and Telecommunications Department issued a confidential order in mid-June informing senior executives, both foreigners and Myanmar nationals, Reuters reported, citing a person with direct knowledge of the matter. The order came as the junta sought … Read more