Business/Economy (News/Activism)
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Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this. Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America. This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed. Thank you for your attention to this matter. President DONALD J. TRUMP
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Snap Chief Executive Evan Spiegel and his wife, supermodel Miranda Kerr, have helped pay off $550 million in medical debt for more than 261,000 Californians. The couple made a multimillion-dollar donation to Undue Medical Debt, a nonprofit that provides debt relief to people in financial need. The organization acquires medical debt in bulk from hospitals, physician groups, collection agencies and other groups for a fraction of the cost. "When someone you love is sick. All you want to do is focus on helping them get better," said Kerr, who is also the founder of skincare company KORA Organics, in a...
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*** it’s time for our annual blitz of “American Made” rankings. If you’re expecting two years of protectionist policies to have shifted things in America’s favor, the 2026 rankings may represent a bit of a mixed bag. *** Of the top 10 cars in the 2026 Cars.com American Made Index, only four—two Teslas and two Jeeps—come from traditionally American manufacturers. The remaining six are all Toyotas para and Hondas. 1) Tesla model 3 2) Tesla Model Y 3) Jeep Gladiator 4) Jeep Grand Cherokee 5) Honda Ridgeline 6) Honda Odyssey 7) Lexus TX 350 8) Honda Accord 9) Acura MDX...
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Sen. Chris Murphy (D-Connecticut) introduced legislation on Thursday to raise the federal minimum wage from $7.25 to $25 per hour through phased increases. The bill, titled the Living Wage for All Act, includes a companion measure in the House led by Rep. Delia C. Ramirez (D-Illinois). It aims to phase in the increase, starting with an initial jump to $12 per hour, reaching $25 over several years. Larger employers would face a shorter compliance timeline of about six years, while smaller businesses would receive up to 13 years. The proposal would also eliminate subminimum wages for tipped workers, youth employees,...
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California is a blue state, and one of the manifestations of its political orientation has been a tolerance for one of the nation’s highest levels of taxation. The state’s tax rates on retail sales and personal and corporate incomes are among the highest of any state. Although tax rates on real estate are relatively moderate, high property values still translate into high bills for their owners. Specific taxes, such as those on fuel, utilities, cigarettes, liquor, medical care, gambling, guns and ammunition, contribute even more. Overall, state and local governments and school districts collect around $400 billion in taxes every...
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On Thursday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sean Casten (D-IL) responded to Sen. Chris Murphy’s (D-CT) proposal to raise the minimum wage to $25 an hour by saying that “I’m delighted that Sen. Murphy is talking about this and I think the voting record of a lot of us, the Democrats that had led on this before is we’re willing to do it, it was $15, plus inflation adjustments.” Co-host Joe Mathieu asked, “I want to ask you, quickly, with our small amount of time remaining here, Congressman, if you think raising the minimum wage would help. …...
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Turns out all that glitters is not gold. Selling in the precious metal just keeps getting worse, with the GLD ETF now down 25% from its intraday record in February. Options trading in the fund has turned bearish in a hurry and is now pointing toward further downside. Even after another 3% drop on Wednesday, traders sold more calls than they bought and of the $200 million in options premium traded, $130 million was tied to puts, according to data from ThinkOrSwim and SpotGamma. Of the top 10 contracts traded, eight were puts, and more than half of the put...
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FROM THE top of the slide, which curves into a little backyard pool, the view as recently as April would have been of lush Ohio farmland, dense forest and pretty clapboard houses. Now it is of six giant weatherproof tents of the type more commonly used by the military to house fighter jets or by aid organisers in disaster zones. These will soon contain perhaps $30bn-worth of cutting-edge semiconductors. Along with a clutch of gas turbines to provide power, they occupy a site the size of an airport terminal. If Meta, the site’s owner, stays on track to bring its...
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Wages and salaries for U.S. workers make up the smallest share of economic output in history, according to records going back to 1947. The U.S. as a whole gets more prosperous every year—but less and less of that prosperity is showing up in workers' paychecks. That's according to fresh analysis by researchers at the Federal Reserve Bank of New York. In a blog post on Wednesday, the researchers highlighted the declining share of the nation's economic output going to workers in the form of wages and salaries, as opposed to corporate profits and capital. Why have workers taken home a...
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Tenants in about 1 million rent-stabilized apartments will not see their rents increase for the next two years after New York City’s Rent Guidelines Board approved a first-of-its-kind freeze at an annual hearing Thursday night. The 7-1 vote marks the first two-year rent freeze in the board’s history and fulfills a key campaign pledge from Mayor Zohran Mamdani, who named six of the board’s nine members. The decision applies to rent-stabilized apartments in buildings with six or more units built before 1974, as well as apartments in buildings that receive certain tax breaks or government subsidies. The freeze applies to...
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Buster Posey tried to move on from the Giants’ Pride Night controversy. Instead, his response seemed to frustrate just about everyone. The Giants president of baseball operations met with reporters Tuesday at Oracle Park and opened with a brief statement acknowledging that fans had “strong feelings” about the issue. But when follow-up questions came, Posey repeatedly shut them down. “I’ll answer baseball questions,” Posey said. That did not go over well. The controversy began on June 12, when Giants pitchers Landen Roupp, J.T. Brubaker and Ryan Walker wrote Bible verse references on their Pride Night caps. A fourth pitcher, Sam...
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On Thursday, elements of Iran’s Islamic Revolutionary Guard Corps targeted a commercial cargo vessel flying the Singapore flag within the strategic Strait of Hormuz. Citing two senior American officials, The Wall Street Journal reported that the assault inflicted significant damage on the ship’s bridge, though no injuries or fatalities were reported. Concurrently, a regulatory Iranian state body known as the Persian Gulf Strait Authority (PGSA) issued a strict warning regarding maritime lanes on Thursday. The agency, which holds an official mandate to supervise and govern transit through the chokepoint, announced that any vessels traveling via routes outside its designated framework...
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Ten years following the landmark vote, the EU's former Brexit negotiator said the bloc's door is open to the UK, but that London "cannot cherry-pick" EU policies. Former European Union Brexit negotiator Michel Barnier told Euronews that it is up to the United Kingdom to decide whether it would want to rejoin the bloc, but that Brussels has made its conditions clear. His comments come ten years after the UK voted to leave the EU by 52% to 48%, and at a time when polling shows a clear majority of the British public, across party lines, views doing so as...
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All branches of the U.S. military began once again requiring their recruits to get flu vaccines earlier this month, an exception to Defense Secretary Pete Hegseth's decision to lift the military's vaccine mandate, a Pentagon official confirmed to CBS News on Wednesday. The news comes as Lackland Air Force Base in Texas — home to the Air Force's Basic Military Training program — grapples with a flu outbreak that has infected 275 people in recent weeks, a congressional staffer with knowledge of the matter told CBS News. The process of reinstating the mandate for recruits began before the Lackland outbreak...
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WASHINGTON (AP) — The Supreme Court sided with the maker of Roundup weedkiller Thursday in a ruling expected to block thousands of lawsuits alleging it failed to warn people the product could cause cancer. The case came before the justices after a tidal wave of litigation that included some multibillion-dollar verdicts against Bayer, a Germany-based agrochemical manufacturer that acquired Roundup when it bought its original producer Monsanto in 2018. The decision is a victory for President Donald Trump’s administration, but it provoked outrage from allies in the “ Make America Healthy Again” movement who want to rein in pesticide use....
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With Germany poised to become the latest country to raise its retirement age, that unpopular option may fall on Americans as Social Security faces insolvency in the next six years. Germany’s government-appointed pension commission this week released a series of recommendations to strengthen its pension system, including gradually raising the retirement age to 70 by 2092. The standard retirement age in Germany has already been creeping higher and is set to hit 67 by 2031. The German commission also recommended scrapping a rule that currently allows workers who have contributed for 45 years to retire at 63 without financial penalties....
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This video, Overflow Episode 99 by BestInTesla, covers a variety of updates surrounding Tesla and SpaceX. Here is a summary of the key topics discussed: Tesla’s Growth in Europe: Despite negative media sentiment last year, Tesla sales in Europe have rebounded significantly, with a 108% increase in May and 57% growth year-to-date (1:20-5:17). The video emphasizes that the earlier decline was primarily due to the refreshed Model Y production pause rather than political factors. Full Self-Driving (FSD) Updates: Finland is emerging as a potential leader in approving Tesla's FSD Supervised independently of the broader EU-wide process, with authorities noting the...
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The White House on Wednesday officially asked Congress for $87.6 billion in supplemental funding to pay for the Iran war, curtail the ongoing Ebola outbreak and provide aid to U.S. farmers, among other requests, according to a copy obtained by The Hill. In a letter to House Speaker Mike Johnson (R-La.), White House Office of Management and Budget Director Russell Vought asked for $67 billion for the Defense Department, down from an expected $200 billion first floated by Defense Secretary Pete Hegseth in March. But even with a smaller price tag, the bill will need some support from Democrats to...
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BOISE, Idaho — Micron’s rapid rise in market value is now hitting home for employees in the Treasure Valley, with some seeing enough gains to retire early or add thousands of dollars to their finances. ... One Boise-based financial planner said that kind of growth was historic for the Treasure Valley. "A lot of these Micron employees are just common people that we live next to, but underneath the surface, most of them are overnight millionaires," said JT Belnap of Treasure Valley Financial Planning Belnap said many people still do not realize how valuable Micron has become nationally. "I've talked...
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India’s oil imports from Russia are on track to hit a new record in June, as refiners continue to rely heavily on discounted Russian crude after supply disruptions in West Asia caused by the regional conflict. According to preliminary vessel-tracking data from commodity analytics firm Kpler, India imported an average of 2.6 million barrels of Russian oil per day in June so far. That accounts for 53.5% of the country’s total crude imports during the period. For the full month, Russian imports are expected to exceed 2.35 million barrels per day, which would be the highest monthly level ever recorded....
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