Business
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because…
ToplineBorder czar Tom Homan said Monday New York would see an unprecedented surge in ICE agents—a sign the Trump administration is reverting back to its aggressive immigration enforcement tactics after pulling back the effort when federal agents killed two Americans at anti-ICE demonstrations earlier this year.Key FactsHoman told Fox News,…
Last week on the PGA Tour it was Russell Henley coming from behind to beat Eric Cole in a playoff at the Charles Schwab Challenge, and it was another playoff this past week at the Memorial to decide who would win the signature event. The final round of the 2026…
If you bought $10,000 worth of Amazon shares in 2006, your investment would be worth over $1.4 million today. You can stop reading now, or maybe not. Wayne Duggan at U.S. News & World Report calculated the above stat. For some it’s the source of awe. For others it’s the…
ToplineBillionaire Bill Gates was warned in 2014 to maintain a “healthy distance” from Jeffrey Epstein—by an associate who appeared to stay friendly with Epstein until his death—according to an email reported Sunday by The Wall Street Journal, raising new questions about Gates’ relationship with Epstein as the Microsoft cofounder prepares…
Gen Z is coming of age in an economy where the traditional path to prosperity no longer works, and instead of giving up, they’re beginning to build new ones. For 70 years, the American Dream followed a predictable sequence: school, job, promotion, mortgage, house, financial freedom. But for many young…
ToplineA federal judge on Monday struck down President Donald Trump’s $100,000 fee for H-1B visa applications, ruling the new fee unlawfully increased the cost of the visa program relied on heavily by the U.S. tech industry.Key FactsJudge Leo Sorokin vacated the $100,000 fee and ruled it was an “unlawful” tax,…
Gift card draining has become a major problem with organized crime groups, primarily Chinese gangs, operating wide-scale gift card draining. Gift card draining occurs when scammers tamper with gift cards in a store so that when an unwitting customer buys a gift card, the value of the gift card becomes…
ToplinePresident Donald Trump said he wants Acting Director of National Intelligence Bill Pulte to begin slashing staff at the agency, he told The Wall Street Journal Friday, as his appointment of Pulte, a controversial figure in the Trump administration, has been widely criticized.Key FactsTrump said Pulte can be “less shackled”…
ToplineA federal judge on Monday struck down President Donald Trump’s $100,000 fee for H-1B visa applications, ruling the new fee unlawfully increased the cost of the visa program relied on heavily by the U.S. tech industry.Key FactsJudge Leo Sorokin vacated the $100,000 fee and ruled it was an “unlawful” tax,…
One of the things that adults ask children is, “What do you want to be when you grow up?” Once they respond with whatever they want to do, the older person sometimes says back something akin to, “As long as you find something you love, you will never work a…
ToplineNew analysis from TS Lombard shows the United States is on track to devote approximately 2% of gross domestic product to artificial intelligence and data center infrastructure in 2026, an investment well above that of any other major country that places it among the largest concentrated spending booms in modern…
ToplineA weeklong selloff for bitcoin extended on Friday as the cryptocurrency fell below the $60,000 threshold for the first time since late 2024, after billionaire Michael Saylor sparked a broader decline for the crypto market.Key FactsThe price of bitcoin fell to a low of $59,840 just after noon on Friday,…
ToplineA federal judge on Monday struck down President Donald Trump’s $100,000 fee for H-1B visa applications, ruling the new fee unlawfully increased the cost of the visa program relied on heavily by the U.S. tech industry.Key FactsJudge Leo Sorokin vacated the $100,000 fee and ruled it was an “unlawful” tax,…
ToplineA Justice Department attorney argued to a federal appeals court Friday that the Trump administration could hypothetically bulldoze the Statue of Liberty and Americans with cultural ties to the landmark couldn’t sue them for it, as the Trump administration fights to defend the construction of President Donald Trump’s planned White…
President Donald Trump has said that if post-ceasefire Iranian attacks in the Middle East kill any U.S. troops, that would cross a red line and possibly reignite the war against Tehran. His statement is the latest reminder that, for at least six years now, the U.S. has often avoided escalatory…
On sale this week: Treasury Inflation-Protected Securities.It wasn’t so long ago that the real rate on these bonds was negative. People lent money to the federal government and were assured of getting back, with interest included, less than they started with.Now the yield on the TIPS due in 2056 is…
ToplineA federal judge on Monday struck down President Donald Trump’s $100,000 fee for H-1B visa applications, ruling the new fee unlawfully increased the cost of the visa program relied on heavily by the U.S. tech industry.Key FactsJudge Leo Sorokin vacated the $100,000 fee and ruled it was an “unlawful” tax,…
ToplineThe Senate delayed votes planned for Thursday on the $72 billion immigration enforcement bill that was supposed to be a vehicle for $1 billion to help pay for President Donald Trump’s White House ballroom project—as Republicans appear ready to omit the funding from the package. Key FactsSenate Republicans will leave…
The biggest celebration on Memorial Day weekend takes place in the “Crossroads of America” – Indianapolis, Ind. It’s a celebration that began on Memorial Day in 1911 and with the exception of World War I, World War II, a week later in 1986 because of rain and the Covid-19 pandemic…
You expect the death of a spouse, parent or other close relative to be emotionally wrenching. What catches many survivors by surprise are the daunting and draining administrative, tax and practical tasks that follow–from tax returns and probate to sifting through a lifetime of papers and possessions. When my dad…
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