Author: Press Room

The Trump trade war may create some tax planning opportunities for savvy investors. WASHINGTON, DC – … MoreGetty Images As I write this post, the stock markets have dropped another 3% as Trump takes on Chairman Powell. This is on top of the markets dropping into correction territory after President Trump announced his draconian Tariffs on Liberation Day. While the news has been terrible for stock market investors recently, at least there may be a silver lining in some valuable tax planning strategies that are helping you save even more on taxes this year. When markets get crazy, a great…

Elon Musk’s Tesla suffered a massive 71 percent drop in profits for the first quarter, but the company’s shares reacted positively on Wednesday morning after Musk pledged to decrease his time spent working with the federal government on DOGE, but not halt his involvement entirely. Musk also continued his criticism of Donald Trump’s tariffs on China during his earnings call with analysts. CNBC reports that Tesla, the electric vehicle giant, has reported a staggering 71 percent year-over-year plunge in net income, accompanied by a 20 percent drop in revenue from car sales, according to its latest quarterly earnings report. The company’s…

Officials in the border city of Reynosa, Tamaulipas, are sounding the alarm after their transit police officers received a threat from alleged Gulf Cartel members for having stopped them over traffic infractions. The Gulf Cartel is one of six Mexican criminal organizations branded as Foreign Terrorist Organizations by the U.S. Department of State. The incident began last week after the Gulf Cartel posted a video on messaging apps that was then widely shared on social media. The video shows a transit police vehicle stopping them and then driving away as a man can be heard bragging about the power of…

As the remedy phase of Google’s search monopoly antitrust trial unfolds, AI giant OpenAI has emerged as a potential buyer for Google’s Chrome browser, with plans to transform it into an AI-centric experience. Ars Technica reports that the ongoing search antitrust trial against Google’s remedy phase has reached a critical juncture, with the DOJ seeking various penalties to realign the company’s business practices after it was ruled a monopoly. Among the most severe proposed remedies is the potential forced sale of Google’s Chrome browser. As discussions surrounding potential buyers ensue, OpenAI has expressed a keen interest in acquiring the browser.…

It’s an astonishing pivot for the party in a longtime bastion of progressivism, after moderate Democratic activists made deep inroads in the city last year. Now they are attempting to lead a national conversation around what it takes for Democrats to win — by rejecting what they deride as performative politics and virtue signaling and embracing pragmatism and quality-of-life issues. Their previously unreported plans, shared first in conversations with POLITICO, call for fully staffing police departments, erasing local regulations that drive up the cost of building new housing and focusing public schools on closing learning gaps for Black and Hispanic students…

NAIROBI, Kenya (AP) — Two Belgian teenagers who were found with thousands of ants valued at $9,200 and allegedly destined for European and Asian markets will be sentenced in two weeks, a Kenyan magistrate said Wednesday.Magistrate Njeri Thuku, sitting at the court in Kenya’s main airport, said she would not rush the case but would take time to review environmental impact and psychological reports filed in court before passing sentence on May 7.Belgian nationals Lornoy David and Seppe Lodewijckx, both 19 years old, were arrested on April 5 with 5,000 ants at a guest house. They were charged on April…

CHICAGO — Illinois Sen. Dick Durbin, the No. 2 Senate Democrat and his party’s top leader on the Judiciary Committee, announced Wednesday that he won’t seek a sixth term in 2026. “I know in my heart it’s time to pass the torch,” the veteran senator said in a social media post Wednesday. Durbin, who is 80, confirmed what many Democrats have expected for months — that the veteran senator would step aside after three decades in office. His departure comes at a perilous moment for the judicial system as the Trump administration repeatedly tests the limits of executive power and…

RALEIGH, N.C. (AP) — A federal appeals court has temporarily blocked North Carolina election officials from contacting voters whose disputed ballots in an unresolved 2024 state Supreme Court race could be eliminated from the final count.In a 2-1 decision, a panel of the 4th U.S. Circuit Court of Appeals in Richmond, Virginia, granted the stay request of Democratic Associate Justice Allison Riggs, who has asked federal judges to throw out the recent rulings of state appellate courts that largely favored Republican challenger Jefferson Griffin’s requests to toss ballots that he challenged.Democrats and voting rights groups have raised alarm about Griffin’s…

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key TakeawaysFirefighters in New Hampshire worked through the night to extinguish a blaze at a popular restaurant.According to Windham Fire, crews received a call around 12:58 a.m. for reports of a fire at the Windham Restaurant on Range Rd.At the same time, employees of McDonald’s across the street also called reporting that the restaurant across the street was on fire.Upon arrival, firefighters were greeted with heavy fire in the back of…

Washington has imposed 145% tariffs on Chinese goods in an escalating trade conflict with Beijing US President Donald Trump has signaled a potential easing of trade tensions with China, announcing that tariffs on the country’s goods would be lowered significantly. He added, however, that “it won’t be zero.” As part of his sweeping ‘Liberation Day’ tariffs on major trading partners, Trump sharply raised tariffs on Chinese goods to a staggering 145%. The move deepened the trade conflict between the world’s two largest economies, despite growing concerns about the global economic impact.On Tuesday, Trump seemed to change his approach. “We’re going to…