The extension of the 2017 Tax Cuts and Jobs Act would predominantly benefit higher-income households, according to an analysis by the Urban-Brookings Tax Policy Center.
Sectors
Dyson to Cut Over 1,000 UK Jobs Amid Global Restructuring
Dyson will cut about 1,000 jobs in the UK, more than a quarter of its British workforce, as part of a global restructuring effort.
Southwest Airlines Plane Rolled Unusually After Maintenance, Structural Damage Discovered
A Southwest Airlines plane experienced unusual rolling during a May flight and was later found to have structural damage to its rudder system, with the NTSB investigating the timing of the damage following recent maintenance.
Addidas' Sales Boosts While Nike Struggles; Drake's Nike Sneakers Drop After Losing to Kendrick Lamar Rap Battle
Adidas may boost more sales than its rival Nike. Drake's Nike line faces challenges due to the Kendrick Lamar feud, although it could gain attention from public interest.
Texas Oil Industry Resumes Operation After Hurricane Beryl's Power Disruptions
Texas Oil and gas operations will resume operations following Hurricane Beryl's widespread power outages to almost 2.3 million Texans.
Latest News
A Los Angeles man was sentenced to four years in prison for his role in laundering over $15.5 million for international drug traffickers.
The Texas energy industry is assessing the damage from Hurricane Beryl after the storm struck the US Gulf Coast.
Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country.
Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday. Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday, potentially averting a strike at its main manufacturing hub.
A driverless car operated by Baidu in China hit a jaywalking pedestrian, sparking social media support for the carmaker due to the pedestrian crossing against the light.
EDF, France’s state energy company, has appeared to pull out of the bidding race to build mini-nuclear reactors in the United Kingdom, saying that it was refining its small modular reactor design.
NATO’s Science for Peace and Security Program approved an over $400,000 grant to the HEIST research program aimed at keeping the internet running in the event that underwater cables get sabotaged.
Hatch is recalling nearly one million power adapters sold with baby sound machines in the US and Canada due to a shock hazard.
Locals of the city of Barcelona took to the streets to protest the overtourism reported in the area, with some of them firing water guns at walking tourists.
