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Trump plans ‘External Revenue Service’ for tariffs paid by US importers

Former Congressional Budget Office Director Doug Holtz-Eakin explains the impact of tariffs on Canada's economy and shares his thoughts on President-elect Trump's agenda and the Speaker's vote. President-elect Trump on Tuesday announced plans to create a new “External Revenue Service” tasked with collecting customs revenue, but economists pushed back, saying the agency that would bear […]

Meta fact-checkers set to lose revenue after Zuckerberg cancels contracts

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Trump says he’s creating ‘External Revenue Service’ for tariffs

President-elect Trump said Tuesday that he wants to create an “Internal Revenue Service” that would collect customs duties and other revenue from foreign countries, similar to the Internal Revenue Service (IRS), which collects taxes from Americans. “For too long, we have relied on using the Internal Revenue Service (IRS) to tax the greats. Through soft […]

Usual Protocol to activate ‘revenue switch’ after USD0++ depegs – Cointelegraph

Decentralized finance (DeFi) stablecoin issuer Usual Protocol responded to community backlash on Friday, January 11 after its staked stablecoin USD0++ was sharply pegged from $1. . On January 9, USD0++ fell to $0.89 and then reached $0.92 following the introduction of a new price floor mechanism and exit option. The protocol's team has now introduced […]

Florida DEI leader sees revenue cut in half due to state policies: ‘We’re in trouble’

Multiple diversity, equity, and inclusion consulting firms continue to struggle in Florida in the years following the Stop WOKE Act. said Loni Bennett, executive director of South Florida People of Color. miami herald She announced Thursday that her nearly $300,000 annual income has been cut in half thanks to Florida's new policy. “We're in trouble,” […]

Majority of small businesses expect revenue growth in Trump’s first year: data

A U.S. Chamber of Commerce report obtained by Fox News Digital says small businesses are optimistic about revenue growth in 2025, when President-elect Donald Trump begins his second administration. MetLife Life's latest Small Business Index report and American Chamber of Commerce Seven out of 10 small businesses, or 72%, said they expected their revenue to […]

News Corp posts record Q1 revenue to beat Wall Street estimates

News Corp. posted record first-quarter sales, beating Wall Street expectations, led by growth in its digital real estate services, book publishing and Dow Jones divisions, the company announced Thursday. The media giant, which owns the New York Post and Wall Street Journal, reported a 148% increase in net income for the quarter to $144 million, […]