Business News
In the wee hours of November 6 when the U.S. presidential race was called for Donald Trump, many Americans made a prediction, some advisers say: A Trump victory means lower taxes are here to stay. For the past year, many Americans were bracing for the expiration of the 2017 Tax Cuts and Jobs Act (TCJA), … Read more
Luis Alvarez U.S. credit card delinquencies continued to edge up in October, while the rate of uncollectible debt written off by lenders continued to retreat, according to a compilation of data from company disclosures. Both metrics remained elevated relative to pre-pandemic levels.
Joe Lonsdale, an 8VC managing partner, joins ‘Mornings with Maria’ to discuss Donald Trump’s cabinet picks and their impact on his political agenda. President-elect Trump’s transition team is looking to get rid of the $7,500 federal tax credit for electric vehicles enacted during the Biden administration, Reuters reported Friday. Citing two sources familiar with the … Read more
By Jake Spring and Lisandra Paraguassu RIO DE JANEIRO (Reuters) – Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week, as negotiators at U.N. talks in Azerbaijan hit an impasse on climate finance that they hope leaders of the world’s 20 major economies can break. Heads of … Read more
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia on Sunday launched dozens of missiles and drones in what Ukraine’s foreign minister said was one of the largest air attacks of the war, targeting power facilities across the country and sending Kyiv … Read more
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down this year for the first time since the 2009 Great Recession. Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual … Read more
The internet was abuzz with excitement and disbelief after Jake Paul’s stunning victory over boxing legend Mike Tyson. But what truly caught the attention of netizens was a peculiar claim: The Simpsons had predicted this outcome years ago. A viral video circulating online shows a scene from the popular animated series where a character resembling … Read more
One of the most profound changes in the tech landscape over the past couple of years has been the advancements in the field of artificial intelligence (AI). There’s a strong argument that the advent of AI early last year was one of the biggest sparks that set off the current bull market rally. ChatGPT heralded … Read more
JUN LI/iStock via Getty Images California health officials have confirmed the first U.S. mpox case caused by the Clade I variant linked to the ongoing mpox outbreak in Africa. The California Department of Public Health (CDPH) announced Saturday that it detected the Clade I mpox variant in
The volcano in front of the Mirage Hotel and Casino erupted for the last time ahead of its July 17, 2024, closure. Hundreds of workers went on strike early Friday morning at a hotel near the Las Vegas Strip. Around 700 hospitality workers walked off the job at Virgin Hotels Las Vegas as contract negotiations … Read more