Bitcoin surged to a record $82,000 as Trump's pro-crypto stance fueled investor confidence in a favorable regulatory environment.
Industry
IRS Could Lose $20B and Face $140B National Deficit in Enforcement Funds Under Trump Administration's Cuts
The IRS faces a potential $20 billion funding loss due to complex legislative issues, which could hinder audits, tax collection, and increase the national deficit by $140 billion.
Trump Announces Additional 10% Tariff on Chinese Imports and 25% on Mexican, Canadian Products
Trump plans a 10% tariff on Chinese goods and a 25% tariff on Mexico and Canada, citing illegal drug trade concerns, risking a trade war and impacting global markets.
Nestle to Boost Marketing Spend to 9% Following $2.8B Cost-Cutting Efforts
Nestle plans to cut costs by $2.8B, boost marketing to 9% of sales, and reorganize its water and beverage businesses by 2025 to recover financial losses.
Spirit Airlines Files for Bankruptcy Protection After Failed JetBlue Merger and Rising Costs
Spirit Airlines, after months of financial struggles and a failed merger with JetBlue, files for bankruptcy protection but continues operations, securing $350M in funding.
Latest News
Trump's proposed 25% tariff on Mexico could raise supply costs for major companies like Unilever and P&G, impacting U.S. consumers' prices.
China urges renewed US cooperation as Trump's re-election raises concerns over possible tariffs, with analysts debating impacts from potential 10% to 60% increases.
Banks are increasingly favoring Trump's return, expecting looser regulations and boosted profits through Wall Street deals.
Got an innovative business idea? These 4 inspiring success stories from entrepreneurs might be your guiding light.
Microsoft CEO Satya Nadella's $79.1 million pay for 2023 reflects the company's strong performance, despite his requested pay cut due to cybersecurity issues that affected government accounts.
Boeing is considering selling parts of its space business, including Starliner, due to delays and rising costs from a machinist strike.
The US government will receive over $100 million from the owners of the Dali container ship following the deadly Baltimore bridge collapse in March.
Gold prices have surged to $2,729 per ounce, with experts predicting further increases due to rising US debt and central bank purchases.
Disney plans to announce a new CEO successor by early 2026, with James Gorman taking over as chairman of the succession planning committee in January 2025.
