Category: Business News

Trump Organization fined $1.6 million for tax fraud – Business News

Trump firm fined $1.6M

The Canadian Press – | Story: 406089

Donald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets.

A fine was the only penalty a judge could impose on the Trump Organization for its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.

The amount

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List of states banning TikTok grows – Business News

Wisconsin and North Carolina have joined at least 22 other states in banning the popular social media app TikTok on state-owned devices, including Mississippi, Indiana, Louisiana and South Dakota.

Congress also recently banned TikTok from most US government-issued devices over bipartisan concerns about security.

TikTok is owned by ByteDance, a Chinese company that moved its headquarters to Singapore in 2020. It has been targeted by critics who say the Chinese government could access user data, such as browsing history and location. US armed forces also have prohibited the app on military devices.

TikTok is consumed by

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‘We can expect mortgage rates to go down’ [Video]

Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month.

“Mortgage rates have declined by almost a full percentage point since they peaked in November,” Melissa Cohn, vice president for William Raveis, a real estate brokerage firm, told Yahoo Finance Live (video above). “I think that we can expect mortgage rates to go down another quarter or even as much as a half a percent over the course of the next month.”

The average interest rate on the 30-year fixed mortgage has fallen by

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Toyota pushes zero-emission goals by converting old models – Business News

To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technologies such as fuel cells and electric motors.

“I don’t want to leave any car lover behind,” Chief Executive Akio Toyoda said Friday, appearing on the stage at the Tokyo Auto Salon, an industry event similar to the world’s auto shows.

The message was clear: Toyota Motor Corp. wants the world to know it hasn’t fallen behind in electric vehicles, as some detractors have implied.

Japan’s top automaker, behind the Lexus luxury

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Reasons Not to Have an Estate Plan

We often hear from clients many reasons why they waited so long to draft their estate plans.

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We often hear the same reasons over and over as to why people don’t have an estate plan or haven’t gotten around to drafting an estate plan.

Some of the most frequent reasons and why they shouldn’t stop you from having an estate plan are:

  1. I don’t have enough money, property, etc. Estate
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Wells Fargo makes cuts to home lending, Des Moines layoffs uncertain

Wells Fargo says it is making major cuts in its home lending business, a move that could result in more job losses in the Des Moines metro, where the division ― its largest private employer ― has already laid off hundreds of employees as rising interest rates have cratered the mortgage market.

The San Francisco-based company said Tuesday it will exit its correspondent business — the purchase of mortgages that are originated by other lenders — and otherwise reduce the size of its mortgage servicing portfolio. It said in a statement that it “plans continue the work the company has

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Mercedes to build its own electric vehicle charging network – Business News

Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.

The German luxury automaker said at the CES gadget show in Las Vegas Thursday that it will start building the North American network this year at

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Canadian economy added 104,000 jobs in December: Statistics Canada – Business News

Economy added 104K jobs

The Canadian Press – | Stories: 404854

The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday.

This marks the third decline in the unemployment rate in the fourth month, edging it closer to the record-low of 4.9 per cent reached in June and July.

In its latest labor force survey, the federal agency said the rise in employment was driven by an increase in full-time work.

British Columbia’s unemployment rate was pegged at

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