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Business and Economic News

Who qualifies for 'no tax on tips' and what counts as a tip? Here are the new rules

Who qualifies for 'no tax on tips' and what counts as a tip? Here are the new rules

The Treasury Department is moving closer to making President Donald Trump's “no tax on tips” promise a reality. But new guidance released Friday tends to limit the number of tipped workers who will be able to claim the benefit.
by The Associated Press

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Kimmel's suspension for Kirk comments sparks furor over free speech and censorship

Kimmel's suspension for Kirk comments sparks furor over free speech and censorship

After Jimmy Kimmel's show was suspended "indefinitely" for comments he made following Charlie Kirk's death, questions about free speech and just what is government censorship reach heightened levels.
by Domenico Montanaro

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Why beef prices are higher than ever (and shoppers are finally resisting)

Why beef prices are higher than ever (and shoppers are finally resisting)

American ranchers are raising the fewest cows in decades. Through the price increases, American shoppers have stayed loyal to their love of burgers and steaks — until now.
by Alina Selyukh

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Farm Aid started 40 years ago to support local farmers during crisis

Farm Aid started 40 years ago to support local farmers during crisis

The festival started in the midst of the farm crisis of the 1980s and makes its Minnesota debut with founding members Willie Nelson, Neil Young and John Mellencamp. Bob Dylan was recently added to the lineup. 
by Clay Masters

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Trump and Starmer sign a tech deal before holding private talks on tariffs and war

Trump and Starmer sign a tech deal before holding private talks on tariffs and war

President Donald Trump has signed what he's calling a historic agreement on science and technology with Britain and is holding a news conference with Prime Minister Keir Starmer.
by The Associated Press

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Ben & Jerry's co-founder Jerry Greenfield resigns over dispute with owner Unilever

Ben & Jerry's co-founder Jerry Greenfield resigns over dispute with owner Unilever

Greenfield said the Vermont ice cream maker "has been silenced, sidelined for fear of upsetting those in power" by Unilever, the multinational corporation that bought Ben & Jerry's in 2000.
by Joe Hernandez

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Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market.
by The Associated Press

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Facing Trump’s pressure, the Fed is likely to cut rates for the first time this year

Facing Trump’s pressure, the Fed is likely to cut rates for the first time this year

The Fed is likely to lower interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from Trump.
by Scott Horsley

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