The person in charge of the U. S. tax agency's digital currency team, Trish Turner, is stepping down. This move happens just as new tax rules for cryptocurrencies are about to take effect. Turner is leaving for a job in the private sector, and it's not clear who will take over her role. The IRS has
The UK's top court recently made a big decision. It said car finance companies might not have to pay as much money back to customers as previously thought. This could be a game-changer for the industry. The court's ruling means the total compensation bill might be less than half of what was initial
Soho House, a well-known private members' club, has been acquired for a massive $2. 7bn (£2bn). This deal brings Hollywood actor and investor Ashton Kutcher onto the board, signaling a fresh chapter for the club. The club, which started in London in 1995, has grown to 46 locations across Europe, No
Retirement accounts like 401(k)s are usually simple. They mostly hold stocks and bonds. But things might change soon. An order from President Trump wants to add new types of investments to these accounts. These include cryptocurrency, real estate, and private equity. Private equity firms buy compan
Haiti is in big trouble. Gangs have taken over large parts of the country. The government is bringing in nearly 200 private security workers from different countries to help. This is a big deal because these workers are from a company run by Erik Prince, who used to run the controversial security fi
President Trump recently picked EJ Antoni to lead the Bureau of Labor Statistics (BLS). This choice has sparked a lot of debate. Some people, like Steve Bannon, think Antoni is a great fit. Others, like Jason Furman, believe he lacks the right experience. The main concern is whether Antoni can keep
President Donald Trump has signed an executive order that could potentially open up 401(k) retirement plans to include investments in private equity and cryptocurrencies. This move, if fully implemented, would allow millions of Americans to diversify their retirement portfolios beyond traditional st
A major investment group is thinking about a big move. They might raise over a billion dollars to keep a stake in a company that deals with water infrastructure. This is not a small deal. It's a big bet on the future of water management. The company in question is Azuria Water Solutions. They are n
Jamie Dimon, the head of JPMorgan, has expressed concerns about the rapid growth of private credit and its potential to trigger another financial crisis. He has compared it to the risky lending practices that led to the Global Financial Crisis. However, not everyone agrees that private credit is as
In June, the private sector saw a drop of 33, 000 jobs. This decline was mainly due to fewer hires and companies not filling open positions quickly. However, paychecks grew by 4. 4% over the year, showing that wages are still going up. The job losses were mostly in professional services and educati
