[ad_1] The Biden administration is pushing China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after ending four days of talks with Chinese officials. She also said she and Chinese officials had “difficult conversations” about national security, including American concerns that Chinese companies are supporting … Read more
[ad_1] Two Florida brothers pleaded guilty Wednesday to insider trading charges, admitting making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump’s media company public. Michael and Gerald Shvartsman entered their pleas to a single count of securities fraud in Manhattan federal court, where … Read more
[ad_1] IRS has $1B in unclaimed tax refunds IRS has $1B in unclaimed tax refunds 00:25 South Carolina has collected about $1.8 billion in a bank account over the past decade — and doesn’t know where the money came from or where it was supposed to go. “It’s like going into your bank and the … Read more
[ad_1] Kids caught in the middle of political battle between N.Y., Texas over asylum seeker crisis Kids caught in the middle of political battle between N.Y., Texas over asylum seeker crisis 02:23 Once a week in a midtown Manhattan hotel, dozens of Girl Scouts gather in a spare room made homey by string lights and … Read more
[ad_1] The Biden administration announced new automobile emissions standards Wednesday that officials said were the most ambitious ever to reduce carbon emissions from passenger vehicles. The new rules relax the initial tailpipe limits that were proposed last year, but they’ll eventually approach the same strict standards laid out by the Environmental Protection Agency. The rules … Read more
[ad_1] The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon. Intel said the new funding, as well as additional investments, will create a combined 30,000 manufacturing and construction jobs. President … Read more
[ad_1] Washington — President Biden on Monday released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. Unlikely to pass the House and the Senate to become law, the proposal for fiscal 2025 is an … Read more
[ad_1] The Biden administration said Monday the government is providing $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law enables the government to invest … Read more
[ad_1] The IRS said it is poised to reap hundreds of billions of dollars of additional tax revenue by going after overdue and unpaid taxes, far beyond what was previously anticipated, thanks to funding from the Inflation Reduction Act (IRA). The new analysis, released Tuesday by the Treasury Department and the IRS, estimates that tax … Read more
[ad_1] Online retailer eBay Inc., will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay in a criminal information with stalking, … Read more