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3 mins read

The White House is doubling down on Trump's proposed payroll-tax cut, even amid weak support from Senate Republicans

Republican Sen. Susan Collins said a payroll-tax cut was "extremely expensive" and "would only bene…

Joseph Zeballos-Roig   


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Trump is doubling down on a payroll tax cut that has slim GOP support and would do virtually nothing to help jobless Americans

The president said he may not sign an economic relief bill that doesn't contain a payroll tax holid…

Joseph Zeballos-Roig   


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4 mins read

Fintech Zaggle's debut fizzles out with flat listing gains

Zaggle Prepaid Ocean Services debuted on the bourses at a 2.9% premium on Friday. The stock listed …

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3 mins read

Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus

The move would not provide the economy with the adrenaline shot it needs to tide over people alread…

Joseph Zeballos-Roig   


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2 mins read

An accountant won $78 million in the lottery, but isn't quitting his job until he's wrapped up all his clients' taxes

British accountant Richard Nuttall and his wife Debbie won $78 million in January, but he said he w…

Mikhaila Friel   


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2 mins read

Zaggle IPO subscribed 12.5x with good interest from QIBs

Only 19% of fintech Zaggle Prepaid Ocean Services’s initial public offer (IPO) was subscribed on th…

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2 mins read

Ballooning US deficit will keep bond yields high, even as inflation cools, market veteran says

The 10-year Treasury yield will remain at around 4.25%-4.5%, as the government needs to finance its…

Filip De Mott   


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3 mins read

Spends management fintech Zaggle’s IPO to open on 14 September

Zaggle Prepaid Ocean Services, a spends management fintech company, said on Monday that its initial…

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4 mins read

Congress is sitting on an easy solution to speed job growth without causing inflation

To reduce long-term unemployment, Congress should suspend payroll taxes for employers that expand t…

Joseph S. Fichera   


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1 min read

Kevin Shalvey   


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2 mins read

The White House is reportedly weighing executive actions to bolster unemployment benefits and bail out the airline industry

The White House is considering the moves if the economic recovery stalls out with the lack of a bip…

Joseph Zeballos-Roig   


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2 mins read

'A guinea pig for a bad policy': 1.3 million federal workers will have payroll taxes deferred under a controversial new directive from Trump

The move will cause them to bring home smaller paychecks as the government doubles its payroll-tax …

Joseph Zeballos-Roig   


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2 mins read

Jobless people would be better off with a second stimulus check than with the payroll tax cut that Trump is championing: McConnell

Sen. Mitch McConnell said the payroll tax cut was left out of the GOP coronavirus relief proposal b…

Joseph Zeballos-Roig   


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2 mins read

The White House announces push for payroll tax cuts and paid sick leave amid coronavirus outbreak

In brief comments at a news conference on the respiratory illness COVID-19, White House economic ad…

Gina Heeb   


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3 mins read

Trump's idea of a payroll tax cut would be nearly useless for the Americans who need the help the most

Workers would also be less likely to spend the money if they are confined to their homes and avoidi…

Joseph Zeballos-Roig   


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Five reasons why markets will not run up further from here

From the lows it plumbed in March this year, Indian equities are up by 8% in 2023 after dropping by…

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2 mins read

A top Senate Republican says a stimulus check would 'do more economic good' than the payroll tax cut that Trump is seeking

"When a person has a check in his hand.. that's going to do more economic good than if we dribble o…

Joseph Zeballos-Roig   


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2 mins read

Twitter loses payroll department, other financial employees as part of mass resignation under Elon Musk

Entire departments crucial to the day-to-day operation of Twitter were part of a large scale employ…

Kali Hays   


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3 mins read

Elon Musk's Twitter made a mistake on tax documents for laid off workers. Now they may miss the tax filing deadline.

Laid off workers likely received incorrect W-2s due to an error related to the sale of Twitter stoc…

Kali Hays,Sindhu Sundar   


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3 mins read

The House of Representatives is joining some red states and large companies in rejecting Trump's payroll-tax deferral for its employees

The sparse involvement from big employers threatens to inflict a blow on a measure the Trump admini…

Joseph Zeballos-Roig