President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The posts on his social media site showed that Trump’s devotion to tariffs did… Read More
President Trump signs executive order to put TikTok under US ownership
President Donald Trump signed an executive order Thursday that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns. Trump’s order will enable an American-led of group of investors to buy the app from China’s ByteDance, though the deal is… Read More
Amazon slapped with $2.5 billion fine for Prime membership scam
Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 billion in civil penalties —… Read More
Trump admin preps mass firings ahead of potential government shutdown
The White House is telling agencies to prepare large-scale firings of federal workers if the government shuts down next week. In a memo released Wednesday night, the Office of Management and Budget said agencies should consider a reduction in force for federal programs whose funding would lapse next week, is… Read More
Starbucks announces mass layoffs, store closures
Starbucks is laying off around 900 non-retail employees and closing some U.S. and Canadian stores as it focuses more of its resources on a turnaround. The Seattle coffee giant will notify employees whose positions are being eliminated early Friday and said that it plans to close an undetermined number of… Read More
Donald Trump’s TikTok deal explained
President Donald Trump will sign an executive order this week approving a deal that transfers majority control of TikTok’s U.S. operations from Chinese owner ByteDance to American investors, according to White House officials. The agreement reduces ByteDance’s ownership stake to below 20 percent while creating a new entity controlled by… Read More
McDonald’s joins forces with RFK, Jr. and MAHA
McDonald’s announced this week it will invest $200 million in regenerative farming practices over the next seven years, the largest such commitment in the fast food giant’s history. The investment aligns with the Trump administration’s “Make America Healthy Again” agenda promoted by Health and Human Services Secretary Robert F. Kennedy… Read More
Who qualifies for President Donald Trump’s “no tax on tips” policy?
The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped workers who will be able to claim the benefit. The agency on Friday submitted proposed regulations to the… Read More
President Trump finalizes sale of TikTok?
U.S. President Donald Trump is talking with Chinese leader Xi Jinping on Friday in a push to finalize a deal to allow the popular social media app TikTok to keep operating in the United States. The call between the two leaders began around 8 a.m. Washington time, according to a… Read More
President Trump asks Supreme Court for emergency order to remove Lisa Cook from Fed board
The Trump administration on Thursday asked the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors. The Republican administration turned to the high court after an appeals court refused to go along with ousting Cook, part of President Donald Trump’s effort to… Read More
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