During a recent rally in Tucson, Arizona, former President Donald Trump proposed an ambitious tax reform plan focused on overtime pay, pledging to eliminate taxes on these additional earnings if he’s elected to a second term. Trump characterized this initiative as enhancing financial incentives for American workers, particularly those clocking in hours beyond the traditional
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In recent years, there has been a significant buzz surrounding the potential of geologic hydrogen as a clean energy source. Companies like Koloma, backed by notable figures such as Bill Gates and Jeff Bezos, are leading the charge in exploring this long-overlooked resource. Geologic hydrogen, also known as white, gold, or natural hydrogen, is found
The recent ruling from the European Court of Justice (ECJ) that Apple must pay Ireland 13 billion euros in back taxes has put the small EU member state in a politically challenging yet advantageous position. The decision, which was welcomed by tax justice advocates and European Union representatives, means that Ireland will receive a significant
European car manufacturers, including Volvo Cars, are facing a multitude of challenges on the road to full electrification. Volvo Cars, for example, recently made the decision to abandon its plan to sell only electric vehicles by 2030. Instead, the Swedish automaker now aims for between 90% and 100% of its car sales to be fully
A disturbance in the Gulf of Mexico is predicted to intensify into a tropical storm by Monday, potentially escalating into a hurricane before making landfall on the U.S. Gulf Coast. The storm, known as Potential Tropical Cyclone Six, is currently positioned approximately 300 miles south-southeast of the Rio Grande, and is moving in a north-northwest
Boeing and the union representing around 33,000 of its workers have reached a new labor agreement, averting a potential strike that could have disrupted operations at the company’s main factories. The tentative deal offers a 25% raise over four years, as well as improvements to health-care benefits and retirement packages for the employees. The International
Former President George W. Bush’s decision not to endorse a candidate for president is a significant departure from his past actions during election seasons. In 2012, he publicly declared his support for Republican candidate Mitt Romney in opposition to former President Barack Obama. Similarly, in 2008, Bush endorsed Sen. John McCain for president. The fact
In August, the U.S. economy created slightly fewer jobs than expected, marking a slowdown in the labor market. Nonfarm payrolls expanded by 142,000, below the 161,000 consensus forecast. The unemployment rate also ticked down to 4.2%, with the labor force expanding by 120,000. While the August numbers were near expectations, the previous two months saw
The latest data from ADP revealed that private sector payrolls grew at the slowest pace in over three-and-a-half years in August. The report showed that companies added just 99,000 workers to their payrolls, which was lower than the 111,000 jobs added in July and fell short of the consensus forecast of 140,000. This marks the
Concerns have been raised by two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, regarding the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. Specifically, they are urging the agency to investigate the alleged sale of “deadly baby and toddler products”. The commissioners emphasize the need to examine Temu