A report from ProPublica illustrated how wealthy people in the U.S. are able to avoid income taxes by keeping the bulk of their wealth in investments that have little or no taxes.
Category Archives: business
Fisher-Price ignored warnings for sleeper dozens of infants died in, report says
More than 50 infants died using the Rock ‘n Play Sleeper before it was recalled in 2019, according to the U.S. House Committee on Oversight and Reform.
Electric car charging networks jostle for pole position amid Biden's push to electrify
Today’s electric vehicles deliver longer range at a lower cost and are faster than earlier models. But one particular challenge remains: Where to charge them.
Ford announces new Maverick hybrid pickup
Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall
Massive outage sends major news, social media and shopping sites offline
BBC, Bloomberg News, CNN, The Guardian, The Financial Times, The New York Times and Reddit were affected.
White House launches task force to address supply chain disruptions
Changes in demand amid the pandemic have contributed to disruptions in the construction, semiconductor, transportation and agricultural sectors, the White House said.
Bitcoin slides 7 percent after U.S. seizes most of Colonial Pipeline ransom
U.S. officials said Monday they have seized $2.3 million in bitcoin paid to hacker group DarkSide.
Officials say Elon Musk's new tunnel to the beach can't come fast enough
Tunnel engineering experts are skeptical that the Boring Co.’s plans work as imagined.
Appraisal industry faces onslaught of scrutiny over racial bias against Black homeowners
The largely insular appraisal industry of 78,000 is skewed over 85 percent white with less than 2 percent of appraisers identifying as Black.
Higher interest rates could be coming — and would be good for society, Yellen says
“If we ended up with a slightly higher interest rate environment, it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said.