President-elect Donald Trump announced plans on Tuesday to establish a new government agency, the External Revenue Service, tasked with collecting tariffs, duties, and other revenues from foreign sources. The announcement comes as Trump prepares to implement new import tariffs after his inauguration next week. Trump shared his intentions on social

The Consumer Financial Protection Bureau (CFPB) has accused Capital One Financial Corp. of misleading customers by offering a higher interest rate on a new savings account while excluding existing accounts from the same benefit. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of

Spain is planning to introduce a tax of up to 100% on the value of properties purchased by non-residents from countries outside the European Union, such as the UK. Prime Minister Pedro Sánchez announced the proposal, calling it an "unprecedented" measure to address the country’s housing crisis.

The electric vehicle (EV) revolution isn’t on its way—it’s already here, and nowhere is this more apparent than in China. In just a few years, the world’s largest automotive market has upended the dominance of internal combustion engine (ICE) vehicles. Sales of EVs, plug-in hybrids (PHEVs)

As more major employers push for a return to the office, employees who prefer working from home have sometimes reacted strongly against these mandates. Some companies are responding by offering remote or hybrid work options to attract new hires. However, there’s often a trade-off: flexible work arrangements come with

Investing early is the most effective way to ensure your retirement savings stay on track, according to Americans. This insight comes from CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, which revealed that just 37% of non-retired Americans feel they are “on schedule” or “ahead of schedule”

In the U.S., hourly wage growth for 16- to 24-year-olds recently surged by 13% year-on-year, compared to 6% for workers aged 25 to 54. This marks the highest "young person premium" recorded since reliable data collection began (see chart 3). In the UK, where youth pay is

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President Joe Biden announced Monday that federal aid is being directed to Los Angeles as California grapples with its worst wildfires in state history. Containment efforts vary, with progress reported at 14% in Pacific Palisades and full containment achieved in Ventura. Biden and senior officials convened Monday night to discuss

California Democrats have reached a $50 million agreement to bolster state and local legal defenses against the incoming Trump administration, just one week before the president-elect's inauguration. Half of the funding is earmarked to counter any potential mass deportation efforts that the new administration might implement early in

Read its press release: Walmart (WMT) - the American multinational retail corporation has announced a comprehensive brand refresh that highlights its transformation into a people-led, tech-driven omnichannel retailer. The company has introduced an updated look that reflects both its heritage and innovation. As the company has expanded, its commitment has

The devastating California wildfires have reportedly led to illegal price gouging by landlords who are significantly raising rental prices for the tens of thousands of displaced residents, according to U.S. media reports. Since the wildfires began last Tuesday, over 150,000 residents have been evacuated from the Los Angeles

almart CEO Doug McMillon sees food inflation ticking up as we head into 2025, but he noted that consumers have proven more resilient than retailers initially expected. McMillon made these comments at the 2024 Morgan Stanley Global Consumer and Retail Conference on Tuesday, expressing disappointment at the resurgence of climbing

JPMorgan Chase, JPM, has disabled an internal website about a five-day return to office policy after dozens of employees criticized the move. JPMorgan Chase’s decision to implement a full-time return-to-office policy has triggered significant employee pushback, prompting the company to disable comments on the internal webpage where the policy

Per Morningstar: As you’ve likely heard, the SEC recently approved the creation of bitcoin exchange-traded funds (ETFs). Before this decision, bitcoin buyers had two main options: create “wallets” on cryptocurrency exchanges or purchase shares of the Grayscale Bitcoin Trust (GBTC). The latter option had significant drawbacks. Unlike ETFs, which

Read their full report: For decades, leadership in computing and software ecosystems has been a cornerstone of American strength and influence worldwide. The federal government has wisely refrained from dictating the design, marketing and sale of mainstream computers and software — key drivers of innovation and economic growth. The first Trump

The devastating wildfires in Los Angeles County are expected to create a significant shock to the local housing market, potentially leading to a sharp increase in rental prices in an already undersupplied metro area with low vacancy rates, where rents have remained stagnant over the past year. As of now,

President-elect Donald Trump's Republican allies in the U.S. House of Representatives are working to gather support for a bill authorizing negotiations to purchase Greenland, according to a draft of the bill shared with potential co-sponsors on Monday. The legislation, titled the "Make Greenland Great Again Act,

Rep. Earl L. “Buddy” Carter (R-GA) introduced H.R. 25, the Fair Tax Act, aimed at replacing the current tax code with a national consumption tax known as the Fair Tax. The proposed legislation would abolish the existing tax system, replacing it with a single national consumption tax. This includes

Reporter: "[Regarding] the U.S. launching a preemptive strike on Iran. You said you don't want to answer that." Trump: "I don't talk about it. It's military strategy." Reporter: "But, it is a legitimate question." Trumo: "Well,

A prominent short-seller has accused used-car retailer Carvana of lax underwriting practices, accounting manipulation, and undisclosed transactions involving hundreds of millions of dollars with a related party. Carvana responded by labeling the report “intentionally misleading and inaccurate” in a statement to the press. Despite the company’s denial, its stock

Apple's board of directors has opposed a proposal aimed at ending the company’s Diversity, Equity, and Inclusion (DEI) initiatives. According to a proxy filing, the National Center for Public Policy Research, a conservative think tank, has submitted a proposal urging Apple to "consider abolishing its Inclusion

Nvidia, NVDA, CEO says "Elon Musk has an advantage [in AI]." Meanwhile, Hewlett Packard Enterprise (HPE) has secured a deal exceeding $1 billion USD (approximately $1.6 billion AUD) to supply Elon Musk's social media platform, X, with servers optimized for artificial intelligence workloads, Bloomberg News

The Chinese automaker BYD, known for its affordable electric vehicles, showcased the impressive capabilities of its high-end supercar, the $233,400 Yangwang U9, in a new video demonstrating its ability to "jump" over obstacles. In a video released Monday on BYD's Weibo account, the autonomously driven

Elon Musk predicts artificial intelligence (AI) will eventually replace all jobs—and sees that as a potentially positive development. “Probably none of us will have a job,” Musk said at a tech conference on Thursday while discussing the future impact of AI. Speaking remotely via webcam at VivaTech 2024 in