Tag: Breaking News: Politics

2024-10-22

Trump tax plans could exempt 93 million Americans from income taxes

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Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the…

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2024-10-22

McDonald’s says it’s not political after Trump visit

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Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024.  Doug Mills | Via Reuters Though President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. “As we’ve seen, our brand has…

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2024-10-21

elections, hurricanes to affect retail spending

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People look at the holiday window displays at a Macy’s store in Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers’ spending, as they deck the halls and look…

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2024-10-20

More Trump sealed files released in Jack Smith Jan. 6 election case

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U.S. President Donald Trump speaks during a “Save America Rally” near the White House in Washington, D.C., U.S., on Wednesday, Jan. 6, 2021. Bloomberg | Getty Images A federal judge on Friday ordered the release of more than 1,800 pages of documents filed by special counsel Jack Smith in the criminal election interference case against former President Donald Trump….

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2024-10-15

Trump or Harris? 2024 stakes for America’s businesses

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Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and tech giants, the outcome…

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2024-10-13

Crypto CEO Horst Jicha skips bond in fraud case

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Horst Jicha discussing cryptocurrency. Source: Team Business Global | YouTube A German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive. “There’s a very active investigation underway…

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2024-10-13

JPM’s Dimon says geopolitical risks ‘treacherous and getting worse’

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JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion…

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2024-10-11

TD Bank pleads guilty, will pay $3 billion in fines

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A TD bank stands in Brooklyn on June 04, 2024 in New York City.  Spencer Platt | Getty Images TD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to the Department of Justice and financial regulators for failing to monitor money laundering by drug traffickers and…

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2024-10-09

Economic tailwinds boost Kamala Harris in election homestretch, economists say

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The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell…

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