(Associated Press) Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
The agreement announced Thursday is an attempt to address challenges presented by...
(Casey Harper, The Center Square) For many Americans still waiting to receive their tax refund, it appears the wait could be far from over.
The National Taxpayer Advocate’s federally authorized report to Congress found that the IRS held an unprecedented number of tax returns for manual processing this year, leading to...
(Sound Money Defense League) By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas as the two states having canceled taxation of the monetary metals so far this year.
Backed by...
(Bethany Blankley, The Center Square) As Americans prepare to hit the road for Independence Day weekend, gas prices hit a seven-year high.
An expected 43.6 million Americans plan to travel this holiday weekend, and they'll pay the most they have to fill up their tank since 2014, the American Automobile Association...
Recent collapses of bridges and a Florida condo building highlight what can go wrong when basic structural and foundational elements are neglected and allowed to deteriorate.
As corrosion and cracking spread, they may go little noticed at first, with repairs and upgrades put off. Meanwhile, the risks steadily build of...
(Associated Press) The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline.
Both liberal and conservative justices joined to rule 5-4 for the PennEast Pipeline Co.
The 116-mile planned pipeline is to run from Pennsylvania’s Luzerne County...
(Associated Press) A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.
U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient”...
Californians are facing an increased number of blackouts and rising electricity prices this summer, says one energy expert, who warns that the burden will fall mostly on those who can least afford it.
The trend, he says, is a warning light for the rest of the country.
“Last week, the state’s...
(Clint Siegner, Money Metals News Service) Gold bugs are speculating about the impact of Basel III regulations set to take effect next month.
European banks, minus those in the all-important London markets will soon be subject to Net Stable Funding requirements.
The effect may be to reduce bank activities in the paper...
(Headline USA) Consumer spending was flat in May with incomes dropping for a second month as the impact of the government's pandemic stimulus payments waned.
Inflation, however, posted a sizable gain with prices excluding food and energy jumping by the largest amount in nearly three decades.
The flat reading for consumer spending...
Is the entire financial system currently in a massive bubble?
That is the question that astute investors may now be asking.
According to Nouriel Roubini, CEO of Roubini Macro Associates and professor at NYU Stern School of Business, now is the time to be overweight gold as more bubbles pop up.
Stocks,...
(Headline USA) The Supreme Court on Wednesday sided with California agriculture businesses in their challenge to a state regulation that gives unions access to farm property in order to organize workers.
As a result of the ruling, California will have to modify or abandon the regulation put in place in 1975...