Jobless claims fall to lowest level in a month
Unemployment claims fell to the lowest level in a month, showing signs of health in the U.S. labor market amid a broader employment slowdown. The number of first-time claims for the week ending Dec. 21 fell by 1,000 to 219,000, the Labor Department said Thursday. The average number of applications over the four-week period increased […]
IRS says 1 million taxpayers will get up to $1,400 rebate
Internal Revenue Service (IRS) He said there are about 1 million taxpayers. Get up to $1,400 in rebates in the coming weeks. The automatic payments, scheduled to begin later this month, will be sent to taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The IRS announced that after reviewing […]
Fox News's Kilmeade estimates Greenland could cost $1.5 trillion
FOX News' Brian Kilmeade said Monday that Greenland would cost about $1.5 trillion, after President-elect Trump said earlier this week that it was “absolutely necessary” for the United States to own Greenland. It was estimated that it could become a dollar amount. “It will cost about 1.5 trillion, but [it’ll] It's probably going to pay […]
American Airlines lifts ground stop on Christmas Eve flights
American Airlines flights were temporarily grounded Tuesday morning due to technical issues, but the Federal Aviation Administration (FAA) announced that the grounding had been lifted by about 8 a.m. The FAA said in a statement Tuesday morning that American Airlines “reported a technical issue and requested a nationwide ground stop.” In a subsequent update, it […]
Ford to donate $1 million, fleet of vehicles to Trump inauguration
Ford Motor Co. has announced it will donate $1 million and a small number of vehicles for President-elect Trump's inauguration. multiple outlet reported Monday. Ford joins the latest wave of big tech companies to pledge big contributions to the president-elect's inaugural fund. Inauguration donations from corporations are nothing new, but the piles of cash, coupled […]
Honda, Nissan announce plans to merge
Japanese automakers Honda and Nissan announced Monday that they are considering a merger to become more competitive in the changing automotive landscape. The two companies will spend the next six months finalizing a deal that will create the world's third-largest automaker behind Toyota and Volkswagen. The two companies also announced that they aim to establish […]
Conservatives urge Ways and Means GOP to cut corporate rate, capital gains tax
Conservative groups led by a group formed by former Vice President Mike Pence sent a letter Monday to the top Republican on the powerful House Ways and Means Committee, calling for lower corporate tax rates and an elimination of the capital gains tax on inflation. Nearly 40 conservative leaders from think tanks and policy groups […]
Democrats open door to tax negotiations with divided GOP
Democrats are opening up the possibility of working with Republicans on the tax bill as Republicans face several obstacles to extending President-elect Trump's tax cut law. It will be difficult for Democrats to get everything they want in the Republican tax bill, but with a narrow Republican majority and significant division within the conference, some […]
Why Big Tech is funding Trump's inauguration
Significant donations from technology companies and leaders to President-elect Trump's inaugural fund signal a shift in relations between Silicon Valley and the incoming leader after past tensions. Inauguration donations by corporations are nothing new, but observers say this cash, along with the Mar-a-Lago meeting, is a sign that some big tech companies are trying to […]
Trump pushes back on 'President Musk' claims
President-elect Trump on Sunday rejected the Democratic Party's reference to tech billionaire Elon Musk as “President Musk.” “No, he's not going to be president, I'm telling you,” Trump said at America Fest, hosted by the conservative group Turning Point, in Phoenix, Arizona. That can't be true, he wasn't born in this country. ” Democratic leaders […]