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.
Industry
What Is a Board of Directors? + What They Do for Public Companies
Who oversees public companies by guiding strategies, protecting shareholder interests, and ensuring responsible and ethical management? Here is board of directors explained:
Bitcoin Surpasses $100,000, Leading to Record Highs in Global Markets
Bitcoin breaks $100,000, driven by regulatory hopes and institutional support, while global stocks hit record highs and commodities show mixed trends.
P&G Sources More Steel from India for Gillette Razor to Counter Rising Tariff Costs
P&G shifts steel sourcing to Indian manufacturer Jindal to avoid tariff-related cost hikes, aiming to reduce expenses and maintain competitiveness in the razor market.
China Enforces Ban on Gallium, Germanium, and Antimony Exports to US, Citing Military Concerns
China bans gallium, germanium, and antimony exports to the U.S., citing national security, following recent US semiconductor restrictions, straining global supply chains.
Latest News
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 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, after months of financial struggles and a failed merger with JetBlue, files for bankruptcy protection but continues operations, securing $350M in funding.
Jake Paul's upcoming fight with Mike Tyson is set to break records for the biggest boxing gate outside Las Vegas, with over $17.8 million in revenue and massive global attention.
Trump's economic policies could push mortgage rates to 6.79%, making homeownership less affordable for many.
Bitcoin surged to a record $82,000 as Trump's pro-crypto stance fueled investor confidence in a favorable regulatory environment.
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.
