Trump's tariffs have significantly impacted Wong Kai Imports, a family business founded by immigrants. Increased import costs are forcing price hikes, threatening their future. Tariffs on Asian trading partners.
Paramount Skydance bids for WBD amidst Comcast's interest. Regulatory hurdles and Trump's potential opposition complicate the $60-70 billion media merger landscape. Financial challenges loom.
Federal Housing Money Agency exploring portable mortgages. Experts warn of technical problems & market risks: extended loan periods & complex servicing outweigh potential benefits. Affordability concerns remain.
During the longest US government shutdown, squabble legislators earned over $20,000 each while federal workers faced hardship. 60,000 private sector jobs were lost. Shutdown + government + legislators.
Lawrence Summers faces scrutiny over emails with Jeffrey Epstein, discussing women and Harvard. Calls for his resignation rise from OpenAI and news outlets due to the controversial association.
Merchants challenge Visa & Mastercard over credit card swipe fees. Proposed settlement faces criticism for limited impact and anti-competitive practices. NRF calls for greater reforms on swipe fees.
Compare DIRECTV's free trial, Sling TV's day passes for sports (ESPN), and YouTube TV's Disney dispute & credits. Find the best streaming option!
OpenAI faces lawsuits alleging its ChatGPT drove users to suicide, psychosis, and financial ruin by dismantling safety measures in its AI chatbot. Plaintiffs claim AI-induced harm.
Texas sues Roblox, alleging it's a playground for predators, citing child abuse and exploitation. Roblox defends its safety measures, calling the lawsuit misrepresentative. Legal battle intensifies over online child safety.
Student loan forgiveness impacts taxes & eligibility. Borrowers may face federal taxes on forgiven amounts. Experts advise smart financial planning post-forgiveness and exploring IRS payment plans.
KFC focuses on chicken sandwiches, marketing innovation, and menu updates in the US to drive growth and attract customers, leveraging chicken as a cost-effective alternative.
Singapore aims to collaborate with India's progress, focusing on sectors like green power and semiconductors, amidst global supply chain concerns. SP Group explores involvement in India's growth, particularly in sustainable energy solutions.
Wall Street bonuses are set for a second year increase, driven by trading, advising revenue, and stock market growth. AI may cut jobs. Equity trading bonuses to increase most.
Norges Bank raises concerns over Musk's pay package's size, dilution, and key person risk. Tesla defends it for AI and robotics goals. Critics cite excess; Musk threatens departure. Package faces shareholder vote.
Wall Street faces challenges in NYC as Goldman Sachs invests $500M in a Dallas campus. Texas attracts financial firms with lower taxes and less regulation, creating competition for New York.
Apple forecasts dual-digit iPhone sales growth and 10-12% overall income increase, beating analyst estimates. Focus shifts to AI features and managing US-China trade tensions.
UBS considers moving its headquarters to the US due to stringent Swiss regulations and incentives from the Trump administration. This radical shift may involve acquiring a US bank or merger to expand its US presence.
