At a recent rally in Tucson, Arizona, former President Donald Trump made headlines with a bold economic proposal: the elimination of taxes on overtime pay if he secures a second term in office. During his speech, Trump articulated the argument that removing taxes on overtime would incentivize more people to work extra hours, thereby benefiting
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Koloma, a clean fuel startup in the U.S. backed by influential figures like Bill Gates and Jeff Bezos, aims to revolutionize the energy industry by tapping into geologic hydrogen resources. Geologic hydrogen, also known as white, gold, or natural hydrogen, is a form of hydrogen gas found beneath the Earth’s surface, produced through high-temperature reactions
The European Union’s top court recently delivered a landmark ruling mandating Apple to pay Ireland €13 billion ($14.4 billion) in back taxes. This decision places Ireland in a unique and challenging position as it grapples with the responsibility of managing this unexpected windfall. Irish lawmakers are now tasked with determining the best utilization of this
European car manufacturers are currently facing a multitude of challenges on their path to full electrification. This includes Volvo Cars, who recently announced a change in their previously heavily promoted plan to sell only electric vehicles by 2030. The company has now adjusted its goal to have between 90% and 100% of its car sales
A disturbance in the Gulf of Mexico is expected to intensify into a tropical storm on Monday and could potentially become a hurricane before reaching the U.S. Gulf Coast by midweek. Referred to as Potential Tropical Cyclone Six, it is currently situated approximately 300 miles south-southeast of the mouth of the Rio Grande and is
In a recent development, Boeing and the International Association of Machinists and Aerospace Workers have managed to strike a new labor deal, just in the nick of time before a potential strike could have disrupted operations at the plane maker’s primary factories. This tentative agreement involves a substantial 25% raise over four years, along with
Former President George W. Bush has made a significant choice by deciding not to endorse either candidate for the presidential election, according to information provided by his office. This decision is a departure from his previous support for Republican nominees like Mitt Romney in 2012 and John McCain in 2008. The fact that he is
The U.S. economy added fewer jobs than expected in August, with nonfarm payrolls increasing by 142,000. This was a decrease from the 89,000 jobs added in July and fell below the consensus forecast of 161,000. The unemployment rate did decrease slightly to 4.2%, and the labor force expanded by 120,000 during the month. However, the
The latest report from ADP reveals that private sector payrolls experienced the weakest growth in more than three-and-a-half years in August. With only 99,000 new workers hired during the month, the figure fell short of the downwardly revised data from July and below the expected forecast. This slowdown in job growth is concerning, as it
In recent news, two members of the U.S. Consumer Product Safety Commission have called for an investigation into the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. The focus is specifically on the alleged sale of “deadly baby and toddler products,” raising concerns about the safety of products being sold through these