In the name of promoting competition the Biden Administration is about to run one of America’s great success stories off the rails. As this episode of What’s Ahead explains, the U.S. rail freight industry is the world’s best, a stark change from 40 years ago, when this critical part of our transportation infrastructure was in… More
Southwest and American jets operating near the terminal at Philadelphia International Airport. … [+] DANIEL SLIM/AFP via Getty Images AFP via Getty Images American, Southwest and Alaska airlines got by in the second quarter with a little help from their 535 friends in Congress, with each reporting Thursday that they earned small profits thanks to… More
Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People’s Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as… More
Among the workers who have been asked to sign training repayment agreements in order to get a job … [+] are police officers, salespeople, electrical workers, maintenance workers, firefighters and consultants. getty A new study by Jonathan F. Harris, associate professor of law at Loyola Law School, finds that more workers are starting their jobs… More
Gautam Adani delivers a public address on February 21, 2018 in Lucknow, India. Subhankar Chakraborty/Hindustan Times via Getty Images Billionaire Gautam Adani’s Adani Airport Holdings Ltd. (AAHL) took control this week of Mumbai’s Chhatrapati Shivaji Maharaj International Airport, the second busiest airport in the country, after completing all formalities and obtaining necessary approvals. AAHL had… More
Getty getty Excitement is building this week as the new Advanced Child Tax Credit launches. Yet as the July 15 rollout nears, there are still taxpayers who are unsure about how this new program will impact them. “The much-anticipated child tax credit payments being released this week, while certainly welcomed, are still broadly misunderstood by most… More
Michael Jackson in New York City, New York (Photo by Kevin Mazur/WireImage) WireImage If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop star Michael Jackson, which recently was resolved in federal tax court—12 years after his death and following… More
Speaker of the House Nancy Pelosi arrives with her husband Paul Pelosi to attend the 59th … [+] Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (Jonathan Ernst/Pool Photo via AP) ASSOCIATED PRESS Did Paul Pelosi, the financier husband of House Speaker Nancy, profit off of insider Beltway scuttlebutt in June… More
Liang Changlin, founder of Chinese online grocery platform Dingdong. Dingdong Liang Changlin, the founder of Chinese online grocery platform Dingdong, has joined the ranks of the world’s billionaires after the American depositary shares of his company surged 39% in the days after its debut on the NYSE. At their current price of $32.57, Liang has… More
(L-R) President of the European Council Charles Michel, US President Joe Biden, Japanese Prime … [+] Minister Yoshihide Suga, British Prime Minister Boris Johnson and Italian Prime Minister Mario Draghi pose for the Leaders official welcome and family photo during the G7 Summit In Carbis Bay, on June 11, 2021 in Carbis Bay, Cornwall. Leon… More
Customers can pay by scanning PayMaya QR codes at some shops in the Philippines. Courtesy of PayMaya Voyager Innovations said it has raised $167 million to accelerate the expansion of fintech unit PayMaya Philippines, as the company seeks a digital banking license from the country’s central bank. The fintech company said existing shareholders, including U.S. private equity… More
In 2016, Wake Forest graduate James Bacon made the decision to pursue a graduate degree. After paying his way through his four-year degree program and taking out student loans to cover the rest, he figured he would do the same for his advanced degree at the University of Pennsylvania. Ultimately though, he uncovered a program… More
This is an excerpt from Deal Flow, Forbes’ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? Subscribe here. Whether we like it or not, the climate is changing. A personal example? I reside in the fine city of Seattle, where the… More
Nikola’s fuel cell Tre trucks may get hydrogen from a new plant in Indiana the company is investing in. Nikola Corp. Nikola Corp., which plans to mass-produce hydrogen-powered electric semi-trucks, said it’s buying a $50 million stake in an Indiana energy project led by Wabash Valley Resources that’s converting an idled coal-fired power plant into… More
Most families with children are eligible for advance payments of the 2021 Child Tax Credit. getty Some 36 million families are eligible for advance payments of enhanced child tax credits for 2021, and the Internal Revenue Service has launched two new online tools to help taxpayers navigate this tax law change. There’s a Child Tax… More
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