The merger process is expected to be completed by May 18, with the transaction having received backing from shareholders. The Federal Reserve Board has given its approval for Capital One Financial Corporation’s merger with Discover Financial Services in a $35.3 billion deal, the central bank said in an April 18 statement. The transaction involves Discover
The gift and estate tax exemption could drop from $13.99 million to around $7 million in 2026. They say the only things that are certain are death and taxes. But they can come at once in the form of the estate tax, often referred to as the death tax. However, most people won’t pay estate
PRESCOTT, Ariz.—It’s more than just a label. “Made in America” represents pride and the national spirit, says John Roy, CEO of Dawson Knives in Prescott, Arizona. The company he heads is a prime example of that spirit. Founded more than 50 years ago by a Vietnam vet with machinery made from parts found in a
Federal oil and gas leasing boundaries are being redrawn to include the ‘High Arctic’ zone and other areas off-limits under the Biden administration. The Trump administration is laying the groundwork for a major expansion of offshore oil and gas development, announcing the start of a new five-year leasing plan that could open vast new areas—including
Only four of the top 20 holders of U.S. debt have reduced their exposure to Treasury securities, official data shows. China and Japan, the world’s two largest holders of U.S. debt, increased their holdings of Treasury securities in February, new government data show. According to the latest Treasury International Capital System report released on April
The company’s stock surpassed the $1,000 mark in after-hours trading on April 17. News Analysis Netflix reported strong first-quarter results, with higher revenues and earnings, driven by popular original series such as “Adolescence,” new films such as “Back-in Action,” and live sports like WWE RAW. The company’s stock jumped, surpassing the $1,000 mark in after-hours
The Fed chair says ‘we will do what we do strictly without consideration of political or any other extraneous factors.’ White House economic adviser Kevin Hassett said Friday that President Donald Trump and his team are reviewing whether to fire Federal Reserve Chair Jerome Powell, amid renewed tensions between the president and the central bank
Rising trade tensions ‘will likely lower euro area growth by dampening exports,’ said an official from the European Central Bank. The Conference Board Leading Economic Index (LEI) fell 0.4 percent in March for the Euro area, continuing the declining trend from the previous month, the think tank said in an April 17 statement. The LEI
Construction input prices have risen for the third consecutive month in March, putting pressure on real estate developers. U.S. builder confidence for newly built single-family homes rose this month but continued to be in the negative domain amid concerns about tariffs and rising raw material costs, the National Association of Home Builders (NAHB) said in
Housing costs are at an all-time high, cooling demand in some markets as economic uncertainty and elevated rates weigh on buyer confidence. A growing number of prospective homebuyers are backing out of the market as monthly housing costs hit a new record, home price growth slows, and economic concerns mount, according to a new report