Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
Film academy launches $500M fundraising campaign ahead of 100th Oscar anniversary
The Academy of Motion Picture Arts and Sciences announced a $500 million fundraising campaign Friday to ensure long-term, global support for its Oscar prizes, museum, educational programming and screenings in view of its 100th anniversary in 2028.
Australian judge extends ban on X sharing video of Sydney bishop's stabbing
An Australian judge has extended a ban on social media platform X allowing videos of the stabbing of a Sydney bishop in his church last month after government lawyers condemned the company's free speech argument for keeping the graphic images circulating.
South Korea stresses need for fair treatment for Line chat app operator Naver
South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture.
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services.
EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc.
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.
FDIC report outlines 'misogynistic,' 'patriarchal' 'good ol' boys' workplace culture
An independent review of the Federal Deposit Insurance Corp.โs workplace culture describes an environment that fostered โhostile, abusive, unprofessional, or inappropriate conduct,โ and questions whether the agencyโs chairman is credible to lead the agency through a cultural transformation.
Disney's streaming business turns a profit in first financial report since challenge to Iger
The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Streetโs view and its streaming business was profitable.
The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records
The Federal Aviation Administration has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes.
Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'
The go-broke dates for benefit programs Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report.