The move is part of the effort to boost shipbuilding in the United States and challenge China’s dominance of the industry. The Trump administration has unveiled plans to impose port fees on Chinese-built ships in an effort to level the playing field in the global shipbuilding market, with scaled-back penalties to limit the impact on
Many individuals take advantage of legal trusts to shield assets from estate taxes and redistribute them smoothly to their heirs. The average American pays plenty of taxes over a lifetime. But Uncle Sam even wants a cut after we die. That cut is called the estate tax—often referred to as the “death tax.” The good
By Dori Zinn From Kiplinger’s Personal Finance Whether it’s a cozy cabin in the mountains, a beachfront condo, or a lakeside retreat, owning a second property gives families the freedom to escape the hustle and bustle of everyday life and create lasting memories in a space that’s all their own. Approximately 6.5 million homes in
Potential initial public offering of Chinese electric vehicle battery maker could be one of the year’s biggest. The chairman of the House panel on the Chinese Communist Party urged two U.S. banks to withdraw from working on a first-time share sale of a Chinese electric vehicle battery titan, saying they could face “significant regulatory, financial,
‘If we don’t [agree], we’re going to have a deal anyway, because we will set a certain target, and that’s going to be it,’ the president says. President Donald Trump said on April 17 that China has contacted his administration to negotiate amid an ongoing tariff war, and signaled that a deal on divesting TikTok
Jensen Huang arrived in Beijing at the invitation of the China Council for the Promotion of International Trade, according to Chinese state-owned television. The CEO of tech giant Nvidia is in Beijing this week to shore up regional trade ties following the unveiling of stringent new export requirements on one of its key chips for
Peter Dutton says he backs the climate science in response to questions on the Coalition’s position on net zero. Opposition Leader Peter Dutton says he believes in climate change science after sustained pressure from Labor and media outlets during the ABC leaders’ debate. Dutton said he would leave it to scientists to assess the impacts
Third Harmonic Bio, once worth $1 billion, has been developing a treatment for chronic spontaneous urticaria, or hives. San Francisco-based biopharmaceutical company Third Harmonic Bio has decided to shut down operations and liquidate assets, the company announced April 14. Third Harmonic Bio, which began operating in 2019, is a clinical-stage biotech operation focused on treating
Industry sales data indicate that new and used vehicle sales shot up as buyers prepared for anticipated automotive tariff related price increases. Americans are heading to dealerships to buy cars ahead of projected price hikes caused by a series of new tariffs affecting the automotive industry, according to new sales data. In an April 15
Most U.S. stocks rose, but the worst drop for UnitedHealth Group in a quarter of a century kept Wall Street in check. The S&P 500 edged up 0.1 percent Thursday even as three-quarters of the stocks within the index climbed. Another drop for Nvidia helped pull the Nasdaq composite down 0.1 percent. The Dow Jones