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- Trump announces new External Revenue Service to collect foreign money
President-elect Donald Trump announced on Tuesday plans to establish a new agency called the "External Revenue Service" to collect money from foreign countries owed to the United States."For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS)," Trump wrote on TRUTH Social. "Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves," the president-elect continued. "It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources." He added: "We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!" CANADA READIES TRUMP TARIFFS RESPONSE: 'IN A… ...[TheTopNews] Read More.11 hours ago - ‘I went back after three days’: Calls for miscarriage bereavement leave
Paid leave should be extended to parents who lose a pregnancy before 24 weeks, a report by MPs says. ...[TheTopNews] Read More.12 hours ago - SEC sues Elon Musk over failing to disclose Twitter stock stakeThe U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a timely way that he had purchased more than 5% of Twitter’s common stock in March of that year, the complaint said. The SEC said that allowed Musk to keep buying shares on Twitter at an artificially low price, and he underpaid by $150 million. Musk began to buy Twitter in April 2022, finalizing the sale that October. CLICK HERE TO READ MORE ON FOX BUSINESSHe paid $44 billion for the social media platform. Reuters contributed to this report. ...[TheTopNews] Read More.12 hours ago
- Investment bankers say Trump mergers and acquisitions boom already underwayPresident-elect Trump doesn’t officially take office for another week, but investment bankers say a boom in Trump-related deal-making is already underway—transactional activity that was stymied by the regulation-heavy Biden administration is poised to explode.This was the conclusion of a panel of investment bankers and private equity executives who discussed the return of corporate deal-making at the Frontiers of Digital Finance Conference in Miami on Tuesday."We’ll have more deals coming to market in 2025 than we’ve had in the last two years," said Jeffrey Levine, Managing Director at investment banking giant Houlihan Lokey, who spoke on the panel. "More capital has been raised in the last three years than in the history of private equity, but it hasn't been deployed." The conference, sponsored by a private lending company called Biz2X, which provides online lending solutions to small businesses, featured some major players in finance and the intersection of finance and politics. Patrick McHenry, the… ...[TheTopNews] Read More.12 hours ago
- See it: Photos capture aircraft helping combat the California wildfiresA multitude of planes and helicopters are helping fight the Los Angeles area wildfires.Wildfires have been raging in the Los Angeles area for a week, with five fires currently active in Los Angeles, Ventura and Riverside Counties as of late Friday afternoon, according to the California Department of Forestry and Fire Protection (Cal Fire).Cal Fire currently has over 60 planes and helicopters within its firefighting fleet — and aircraft from its fleet have been heavily involved in the ongoing effort to combat the flames from above. It uses Rockwell OV-10 planes "as the primary command and control platform on wildland incidents," according to Cal Fire’s "Firefighting Aircraft Recognition Guide." CALIFORNIA WILDFIRES: ESSENTIAL PHONE NUMBERS FOR LOS ANGELES-AREA RESIDENTS AND HOW YOU CAN HELP THEMThose planes can operate at a maximum speed of 258 miles-per-hour.Cal Fire also counts three King Air A200 twin-turboprop planes among its "air tactical aircraft." On its pages dedicated to… ...[TheTopNews] Read More.12 hours ago
- The WSJ Dollar Index Falls 0.2% to 103.28
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