Business

Chicago Mayor Brandon Johnson is proposing the revival of a corporate tax that the Windy City eliminated over a decade ago that businesses are warning would cost the city jobs.Johnson is proposing a so-called "head tax" that would apply to companies with more than 100 employees and would levy a monthly $21 per employee on companies that meet the employment threshold. The amount of the tax would increase based on inflation, […]

Gas prices could drop to the $3 mark for the first time in four years as a swelling oil supply drives crude prices sharply lower, according to a recent analysis by AAA. The national average price for a gallon of gasoline dropped to $3.05 last week due to falling crude oil prices, lower gasoline demand and cheaper winter-blend gasoline at the pump, according to AAA. The last time the national average reached $3 per gallon was […]

The agreement between the U.S. and Australia to partner on developing supplies of rare earths and critical minerals amid trade tensions with China, the world's leading supplier, prompted a response from the Chinese government.The U.S.-Australia deal was signed by President Donald Trump and Australian Prime Minister Anthony Albanese on Monday at the White House after China announced export controls on rare earths earlier this month."The global industrial and supply chains came into […]

Black Sheep Egg Company recalled several cartons of its free-range large grade A brown eggs due to the potential that they may be contaminated by salmonella, federal health officials said.Black Sheep Egg Company initiated a recall following a Food and Drug Administration (FDA) inspection that found 40 environmental samples at its egg processing facility tested positive for salmonella.Some of the strains found "are known to cause human illness," the FDA […]

With little sign of the federal government shutdown ending anytime soon, House Speaker Mike Johnson, R-La., says partisan gridlock is to blame."This is the first time in history that any party has chosen to shut the government down over a clean [continuing resolution]. They're playing a game, and it's very simple," Johnson said Tuesday on "Mornings with Maria." "Here's the reason why Chuck Schumer and Hakeem Jeffries, the two leaders in […]

Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors.The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about. "After receiving interest from multiple parties, we have initiated a […]

In a significant win for student loan borrowers, the Trump administration has agreed to a court-supervised plan that will speed up debt cancellation under income-driven repayment programs and protect borrowers from unexpected tax bills next year.The administration and the American Federation of Teachers (AFT) reached the agreement Friday in the AFT v. U.S. Department of Education case, resolving months of legal tension over the government’s obligation to cancel student debt […]

President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on rare earths and critical minerals as the two allies look to stabilize global supplies amid China's efforts to clamp down on its control over the market.Trump and Albanese met at the White House for their first summit and Trump said the deal was negotiated over the past four or five months ahead of the announcement. Albanese said […]

A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China's move to block access amid its trade dispute with the Trump administration.Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company's quarterly earnings call on Monday."Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets," said Cleveland-Cliffs' CEO Lourenco […]