WASHINGTON (AP) — Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts that are set to expire after next year as he presses conservatives not to stray from the fight before the November election. Advancing American Freedom released a 13-page blueprint Thursday with arguments being made […]
(Bloomberg) — Denmark’s government wants to cut taxes and ease rules for family-owned companies as it seeks to ensure that national treasures such as Lego A/S stay in the Nordic country. Most Read from Bloomberg The 1.8 billion-krone ($260 million) plan aims to prevent that companies going through generational change are bought by foreign investors […]
Municipalities from Boynton Beach to Jupiter along with scores of nonprofits will lose more than $21 million in state funds because of Gov. Ron DeSantis’ line-item vetoes affecting 40 projects in Palm Beach County. DeSantis vetoed about 700 items statewide, adding up to nearly $950 million. As governor, he has the power to make cuts […]
MEMPHIS, Tenn. — Shelby County Commissioner Mick Wright has announced his plans to introduce a series of amendments cutting more than $4 million from the county’s fiscal year 2025 budget, per a media notice from the Shelby County Board of Commissioners. The notice says that Commissioner Wright seeks to discontinue funding for aspects of county […]
By Nora Eckert AUBURN HILLS, Mich. (Reuters) -Stellantis will aggressively move to cut costs as competition from Chinese automakers intensifies rather than use a “defensive” strategy that relies on tariffs on Chinese-made imports that European officials are set to institute in that region, its CEO said on Thursday. Carlos Tavares promised at the No. 4 […]
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Sean Rayford/Getty Images; Chelsea Jia Feng/BI Donald Trump met with some of America’s top CEOs Thursday. The former president pledged to slash taxes and red tape in a bid to win over corporate America. Apple CEO Tim Cook and JPMorgan boss Jamie Dimon were among those attending the event. Donald Trump made his pitch to […]
Donald Trump met with some of America’s top CEOs Thursday. The former president pledged to slash taxes and red tape in a bid to win over corporate America. Apple CEO Tim Cook and JPMorgan boss Jamie Dimon were among those attending the event. Donald Trump made his pitch to some of America’s top CEOs Thursday, […]
Ghana’s state-owned electricity company has announced a three-week interruption in power supply due to a reduction in gas supply from Nigeria. The West African country has for several years been experiencing power shortages, popularly known as “dumsor”, which means “on and off” in the Akan language. Power demand has steadily increased over the past two […]
This year’s proposed state budget from Governor Gavin Newsom was bad news across the board. A colossal $45 billion state budget deficit led to proposals for dozens of severe budget cuts to critical healthcare services. This initially included cuts of $10 million from the Song-Brown Program and severely decreased the underlying funding for the CalMedForce […]
OLIVIER DOULIERY/Getty Images The latest inflation data has bolstered the case for looser monetary policy. Investors cheered a soft May inflation report, which could pave the way for Fed easing this year. Rate cuts in September are “overwhelmingly likely,” one economist said. Wall Street is feeling a lot more upbeat on the path of interest rates […]
The Federal Reserve signaled Wednesday it would lower interest rates just one time this year, down from the three cuts the central bank anticipated in its previous March projection. Fed officials see the fed funds rate peaking at 5.1% in 2024. That suggests the Fed will cut rates by 0.25%. The Fed has moved in […]