Tag: cnn business news

Business News

Hunter Biden’s former business partner was willing to go before a grand jury. He never got the chance.

6 min read

A former business partner of Hunter and James Bidenwho worked directly with them on a 2017 China energy deal, was never asked to testify to a Delaware grand jury investigating Hunter Biden, two sources familiar with the discussions tell CBS News.

Tony Bobulinski, the former business partner, was open to testifying, and his attorney reached out to the office of Delaware US Attorney David Weiss. Weiss did not return their calls, the sources said. Weiss’ decision not to bring Bobulinski is the latest indication that prosecutors investigating Hunter Biden may have avoided investigating allegations about his father, President Joe

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Business News

Local news is good for business | Commentary

4 min read

It’s no secret that recently years have been tough on small businesses and on newspapers. A bipartisan bill, the Community News & Small Business Support Act, that has been introduced in Congress would offer relief to both newspapers and local businesses.

For too many newspapers help can’t come soon enough.

Economic challenges have resulted in too many communities seeing their local newspapers being forced to lay off staff, cut back on publication days or — worse yet — close. On average, two newspapers are closing each week. That hurts local businesses and residents in the long (and short) run. However,

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Business News

CREA downgrades sales forecast as interest rates weigh on buyers – Business News

3 min read

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

The association said Friday that it expects 464,239 properties to trade hands this year, a 6.8 per cent decrease from last year. It also now predicts 516,043 being sold in 2024.

In an April forecast, CREA said it expected 492,674 properties to be sold this year, a drop of 1.1 per cent from 2022. Home sales for 2024 were predicted to total 561,090.

The forecast took into account a sales rebound that took

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Business News

Can You Protect Your Child’s Inheritance From Their Spouse?

3 min read

Many of our clients want to plan for their children’s future, when drafting their estate plans. However, some of our clients are concerned about their child’s spouse accessing the inheritance.

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While each client has different concerns and requires tailored estate planning, one question we often hear relates to protecting the inheritance of the spouse of their child.

So can inheritance be protected from a spouse of your child?

Yes, there

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Business News

Estate Planning: 5 Things to Consider

3 min read

If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized.

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Prior to drafting your estate plan, we recommend that you give some thought to the following items:

  1. How do you want your money and assets handled if you die? Do you want any restrictions? If you are
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Business News

Is Taylor Swift saving the economy?

7 min read

The economy is slowing down. Rising interest rates and stubbornly high inflation are squeezing indebted households. And just about every forecast is warning that a recession is looming.

But there is one bright spot — one place where the flashing red lights are shrugged off by an army of consumers perfectly content to spend generously: Taylor Swift’s Eras Tour.

“Taylor Swift is a real representative, along with the Eras Tour, of the huge consumer spending power that still exists out there,” economist Brett House said.

The professor of professional practice in economics at Columbia Business School in New York, who

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Business News

A new way to run a business as seen by pizza places in the US

3 min read

SAN JOSE, Calif. –

There is something different about A Slice of New York Pizza in San Jose. And it goes beyond their award-winning pies.

It’s about the people. In fact, everyone in the kitchen owns an equal slice of the business.

“We’re a worker co-op, which means all the members and owners of the business work in the business,” said the restaurant’s founder Kirk Vartan. He started the business 17 years ago.

Six years ago, he turned it into a co-op by selling the business to his staff as a leveraged buyout. The employee-owners are now paying back a

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Business News

Inflation rate unexpectedly increased in April, jumping up to 4.4%

4 min read

Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate.

Economists had been expecting new data released by Statistics Canada on Tuesday to show the cost of living had eased from March’s 4.3 per cent pace to something around 4.1.

Instead, it moved higher again, as the cost of things like gasoline, rent and mortgages increased during the month.

It’s the first acceleration in the cost of living since June of 2022, when Canada’s inflation rate hit a more than 40-year high of 8.1 per cent.

Food prices have been a

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