Proposes Cutting Income

JPMorgan Chase tops estimates on better-than-expected interest income, Wall Street results

The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.

CNBC - 5m

What We Know About the Proposed Israel-Hamas Cease-Fire Agreement

Diplomats are expressing cautious optimism that an agreement is within reach.

The New York Times - 1h

Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers

Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.

The New York Times - 15h

Airlines turn to incoming government to resolve Ireland’s airport cap row

Industry hopes Dublin will resolve a long-running dispute caused by local planning restrictions

Financial Times - 1d

I’m blindsided by extra Medicare charges because of my income. How do I avoid this situation?

A reader is trying to plan ahead to avoid the dreaded IRMAA, a surcharge that can come out of your Social Security check.

MarketWatch - 1d

OpenAI outlines proposals to bolster national security, drive economic growth

OpenAI laid out a series of new artificial intelligence (AI) policy proposals Monday, encouraging U.S. development of the emerging technology to stay ahead of China while minimizing its risks. "As ...

The Hill - 1d

Spain proposes 100% tax on property purchases for non-EU buyers

Prime Minister Pedro Sánchez unveils plan to tackle housing crisis

Financial Times - 1d

Apple asks investors to block proposal to scrap diversity programmes

Conservative thinktank wants firm to end its DEI efforts because they create ‘litigation, reputational and financial risks’. Business live – latest updates Apple has asked shareholders to vote ...

The Guardian - 1d

Biden administration proposes new restrictions on AI chip exports

The proposal is raising concerns with the chip industry, with artificial intelligence leader Nvidia calling it "misguided."

CBS News - 1d

Jamie Dimon on the economy, billionaires, and income inequality

The chairman and CEO of JPMorgan Chase explains why he's referred to cryptocurrencies like Bitcoin as a Ponzi scheme; his bank's efforts to improve the lives of lower-income Americans; and his ...

CBS News - 2d

Trump’s Day 1: Incoming president looks set to act on tariffs, crypto, energy and immigration

On his first day back in office, President-elect Donald Trump is planning to go big on executive orders and other actions, including ones that aim to rollback some of his predecessor’s policies. ...

MarketWatch - 3d

Mark Cuban Just Proposed a 20-Minute Daily Habit to ‘Destabilize’ Elon Musk, Mark Zuckerberg, and President Trump

Is there any downside?

Inc. - 4d

Trump's incoming border czar says mass deportations will include workplace roundups

Tom Homan, President-elect Trump's incoming border czar, said mass deportations of undocumented migrants will include workplace enforcement operations. Homan also said the administration is ...

NBC News - 4d

U.S. Companies Cut Diversity Efforts as Challenges Mount

At least six major U.S. companies modified their DEI policies last year.

Inc. - 4d

Supreme Court takes up Biden's proposal to expand relief for borrowers defrauded by schools

The Supreme Court decided Friday to take up the Biden administration’s appeal defending its proposal to ease applications for the Borrower Defense student debt relief program. In a brief order, ...

The Hill - 4d

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - 4d

Trump administration will close down the Darien Gap, incoming border czar Tom Homan says

In an interview with NBC News, incoming Trump border czar Tom Homan said that people without criminal records may also get arrested in mass deportation raids.

NBC News - 4d

Meta cutting DEI team, programs in broad shift

Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...

The Hill - 4d

Trump Organization Says Incoming President Will Separate Himself From Family Business

The company is set to release a series of ethics rules governing Donald Trump’s interactions with his business empire.

The Wall Street Journal - 4d

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - 4d

The 20 child abuse inquiry proposals - what has happened so far?

A seven-year inquiry into the sexual abuse of children was published in 2022 - what has happened since?

BBC News - 5d

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - 5d

Canada on Trump's Proposed Union: Thanks, but Let's Just Be Friends

The president-elect’s comments about the U.S. annexing its northern neighbor were rejected by Canadians of all political stripes.

The Wall Street Journal - 6d

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - 6d

Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.

MarketWatch - 6d

White House readies nicotine proposal in administration's final days

Click in for more news from The Hill {beacon} Health Care Health Care The Big Story FDA rule to lower nicotine levels closes in on finish line The Food and Drug Administration is poised to try ...

The Hill - Jan. 7

Meta proposes new scalable memory layers that improve knowledge, reduce hallucinations

According to Meta, memory layers may be the the answer to LLM hallucinations as they don't require huge compute resources at inference time.

VentureBeat - Jan. 7

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.

Tax season is just around the corner and it’s never too early to get started

MarketWatch - Jan. 7

Trump's incoming White House chief of staff says she won't tolerate drama

Leaks, office feuds and chaos were some of the things CBS News reported coming out of the West Wing during President-elect Donald Trump's first term. Susie Wiles, the incoming White House chief of ...

CBS News - Jan. 6

Newsom proposes 'balanced' budget with no deficits

California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be "balanced" and without deficits — marking a significant turnaround after two years of shortfalls. ...

The Hill - Jan. 6

Schiff: Trump’s proposed January 6 pardons would 'send a terrible message about our democracy'

Sen. Adam Schiff (D-Calif.) joins Meet the Press to talk about the anniversary of January 6 and President-elect Trump’s plans to pardon those involved with the attack, calling it “the wrong way to ...

NBC News - Jan. 5

He saved 70% of his income to retire at 34—why he's no longer 'hyper-frugal': I 'got into deprivation' and wasn't happy

Early retiree Brandon Ganch focuses on maximizing "net fulfillment" rather than net worth."

CNBC - Jan. 4

U.S. Steel faces murky future after proposed Nippon Steel takeover

The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once iconic American company.

CBS News - Jan. 3