Business + Money

Ukraine seeks to use $300bn in frozen Russian assets for its reconstruction, facing costs near $500bn due to war damage. With only $5.5bn secured for 2024’s immediate needs, the ongoing conflict underlines the urgency of international support and asset confiscation for recovery. Frozen Assets Since the war in Ukraine started, Russian assets have been frozen … Read more

In a bold move, two U.S. senators have reached out to President Joe Biden with a plea to overhaul the current policy that lets packages from China enter the U.S. without duty if they are under $800 in value. This policy, they argue, puts American businesses at a disadvantage and could have significant implications for … Read more

California restaurants and delivery services will no longer be allowed to collect service fees from customers beginning this July. This news struck a nerve for business owners, and famed entrepreneur Jon Taffer spoke out against the new law. California’s Recent Wage Changes After the announcement recently that many California fast food workers would soon be … Read more

Tax evasion, the act of not paying taxes that you owe, is a big problem in the United States. The people who are supposed to pay the most taxes, like millionaires and billionaires, are actually not paying their fair share. In fact, they’re avoiding over $150 billion in taxes every year, according to the head … Read more

A new research report shows that dozens of major U.S. companies shell out more in executive salaries than they do in federal tax. Shedding Light on Corporate Tax According to the latest research analysis, some of the biggest companies in the U.S. pay their leading executives more in annual salaries than they pay in taxes … Read more

Disney and Epic Games have both reduced their workload leading up to 2024, but that didn’t stop them from investing over a billion dollars in a collaboration for a brand new meta-verse. Disney and Epic Games Collaboration Unveiled Disney and Epic Games have announced a groundbreaking collaboration to create an unprecedented gaming universe. Disney’s $1.5 … Read more

Homelessness in the United States has surged to alarming levels in 2023, marking a pivotal moment for legislative action. Diane Yentel, the president and CEO of the National Low Income Housing Coalition, highlights the growing crisis and urges Congress to intervene with decisive measures. Record-Breaking Homelessness Rates The Department of Housing and Urban Development’s recent … Read more

The FCC warns that millions of Americans risk losing access to the Internet as the government winds down the Affordable Connectivity Program. Here are the details. The Affordable Connectivity Program (ACP) Back in 2021, Biden’s administration greenlit the Affordable Connectivity Program (ACP). This $14 billion investment would lower the price of internet access for low-income … Read more

Japanese steelmaker Nippon Steel has announced its acquisition of U.S. Steel Corp. in a monumental $14.9 billion deal. However, members of both political parties have criticized the move as a threat to national security. Nippon Steel’s Major Move Nippon Steel is set to pay $55 per share in cash for the acquisition of U.S. Steel, … Read more

San Diego, known for its stunning beaches and vibrant culture, is now gaining notoriety for a less desirable reason: its soaring housing costs. With the average price of single-family homes exceeding $960,000 and rental prices skyrocketing, residents are feeling the pressure.  The Rental Reality Zillow reports that the median rent for a one-bedroom apartment in … Read more