As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan created by conservative think tank The Heritage Foundation as a collective effort with more than 100 other right-leaning organizations. If enacted, the plan could overhaul the U.S. income tax system and revamp the IRS,
The latest report on the global population of people with a net worth of $30 million or more revealed an 8% increase in 2023. The data, presented in Altrata’s World Ultra Wealth Report 2024, showed a significant growth, especially in the United States. The report stated that there are now 426,330 individuals classified as ultra-high-net
Recently, the Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule aimed at regulating paycheck advance programs. These programs, also known as earned wage access, have gained popularity among workers in recent years as an alternative way to access their paychecks before the actual payday. The proposal suggests that such programs should be classified
The recent sentencing of Michelle Mack, the ringleader of a nationwide organized retail crime operation that targeted major retailers such as Ulta Beauty, has shed light on the harsh legal consequences that individuals involved in such criminal activities may face. Michelle Mack, along with her husband Kenneth, received a delayed sentence of five years and
In response to increasing trade tensions, top Chinese officials have made it clear that their focus will remain on domestic affairs. Han Wenxiu, the deputy director of the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of prioritizing three key areas. These areas include the stable and healthy development
Recently, a federal appeals court issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE. The new plan, which was described as the most affordable student loan plan ever, has faced legal challenges right from the start. The St. Louis-based 8th U.S. Circuit Court of Appeals
Ford Motor Company recently made an announcement regarding their plans to expand production of their large Super Duty trucks. This decision comes as a surprise to many, as the Canadian plant where this expansion will take place was initially intended to be converted into an all-electric vehicle hub. The company will be investing approximately $3
Penn Entertainment recently announced a significant decision to lay off approximately 100 employees as part of its strategic focus on the growth of ESPN Bet. This move comes in the wake of the company’s acquisition of Canadian media and gaming giant, theScore. With a workforce of around 20,000 employees, this decision is aimed at enhancing
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, has set a new record in the world of paleontology. Griffin recently made headlines by purchasing a late Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. The price tag on this incredible fossil makes it the most valuable ever sold
When it comes to purchasing an electric vehicle (EV) in the United States, there is a $7,500 federal tax credit available for qualifying buyers. This tax credit, known as the “new clean vehicle” tax credit, has certain requirements that must be met in order for consumers to claim it. For example, the EV must be