Tag: Taxes
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to...
General Motors’ EV sales rose 111%, reflecting an industry-wide to push to beat Trump’s tax credit deadline
General Motors beat economists’ Q2 earnings estimates, in part due to a 111% surge in EV sales.
The automaker recorded $3.04 billion in adjusted earnings...
6 in 10 Americans say Trump’s ‘Big, Beautiful Bill’ will help the rich and hurt the poor in new poll
Republican elected officials are promoting their recently passed tax and spending bill as a win for working Americans, but a new survey shows that...
Stocks rise Thursday after strong corporate earnings reports
Stocks closed higher on Thursday, thanks to a host of positive corporate earnings reports and better-than-expected economic data.
Both the the S&P 500 and the Nasdaq...
The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says
The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according...
Trump tax law quietly takes aim at popular perk: office snacks
The SkinnyPop in the break room may not last. Donald Trump is targeting the office snack.
The president’s signature tax law allows a long-standing business...
Americans are eyeing up €1 homes in Europe to escape the broken economy—no Visa needed, but it’s not all dolce vita
Americans are packing their things and leaving the U.S. in droves. Those looking to escape may be able to snag a villa in Sicily...
No tax on tips and overtime explained: What workers can expect
President Donald Trump’s campaign promises to end taxes on tips and overtime pay have seemingly come to fruition in the GOP’s “One Big Beautiful...
Trump’s big law offers child tax credits and ‘Trump accounts’ for newborns
The impact of the massive spending bill that President Donald Trump signed into law on Independence Day is expected to filter down to infants and toddlers...
EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned...
