Contributions to Trump Accounts will not be subject to gift tax reporting under the safe harbor rules, according to guidance issued Monday by the U.S. Department of the Treasury and the Internal Revenue Service. As a result, parents, guardians, grandparents and others can contribute up to $5,000 a year in after-tax dollars to a Trump…
Ten years ago, a record 17.6 million cars, trucks and SUVs were sold in the U.S. Some forecasts say the country might not come close to that number again. Analysts at consulting firm Bain & Company said several signs indicate the market is about to shrink even more. Falling birth rates, behavioral changes, high car…
The BBC announced on Wednesday that it plans to cut 550 jobs by the start of 2027-28 as part of a three-year effort to save £500 million ($670 million). Director General Matt Brittin shared the news with staff in June, just a month after taking over in May. News of the downsizing first broke in…
In a major move, Comcast plans to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, the company said on Monday. “Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal, creating two focused industry leaders, each with significant scale, strong financial profiles and…
CHARLOTTE, NORTH CAROLINA – NOVEMBER 30: Jalen Coker #18 of the Carolina Panthers celebrates after his receiving touchdown against the Los Angeles Rams during the third quarter at Bank of America Stadium on November 30, 2025 in Charlotte, North Carolina. (Photo by Grant Halverson/Getty Images) Getty Images July is almost upon us, and dynasty fantasy…
In this pool photograph distributed by Russian state agency Sputnik, Russia’s Vladimir Putin addresses the audience at the 23rd Congress of the United Russia party in Moscow on June 28, 2026. Yekaterina Shtukina | Afp | Getty Images Russian President Vladimir Putin has conceded that the country is facing fuel shortages following a barrage of…
Injection pens for the weight loss treatment Wegovy, manufactured by Novo Nordisk A/S, on display during a news conference in Mumbai, India, June 24, 2025. Dhiraj Singh | Bloomberg | Getty Images Millions of older Americans in Medicare are about to gain access to obesity drugs for the first time — but that landmark shift…
In an exit interview with the Financial Times, Bob Iger pulled back the curtain on the acquisition deals Disney chased but never closed during his time as CEO. The former executive disclosed that Disney had James Bond and Twitter on its target list at different points and held internal discussions with Apple about a potential…
Zoey 101 alum Alexa Nikolas says she’s settled her defamation suit against former NBC News reporter Kat Tenbarge, who has posted a lengthy apology on social media. Nikolas sued Tenbarge in September, accusing her of defamation involving the sharing of records about Drake Bell, another Nickelodeon alum. Nikolas and Bell both participated in the 2024 Quiet…
