The “carried-interest” tax loophole is a provision that seems to be loved only by those who enjoy its benefits: Private-equity executives, hedge fund managers and others who manage money for a living. But Democrats are seeking to partially close that loophole as part of the Inflation Reduction Act, and in the …
Read More »Driver who pleaded guilty in hit
The driver in a hit-and-run crash that killed the father of rapper Nicki Minaj last year was sentenced Wednesday to a year in jail, in keeping with a promise the judge made when the man pleaded guilty in May. Charles Polevich, who pleaded guilty to leaving the scene and tampering …
Read More »McDonald’s employee Matthew Webb shot in neck after argument sources say was about cold fries
A 23-year-old man is in critical condition after, police say, he was shot while on the job at a McDonald’s in Brooklyn, CBS New York’s Natalie Duddridge and Alecia Reid report. The shooting happened at around 7 p.m. Monday outside the eatery. Some of the victim’s colleagues described him as …
Read More »Facebook parent company Meta posts first revenue decline in history
Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies. The company’s stock dropped slightly in after-hours trading following the results, suggesting Wall Street was largely expecting …
Read More »2 killed, 5 wounded in shooting in Los Angeles County park
Two people were killed and five others were wounded in a shooting at Peck Park in the San Pedro neighborhood of Los Angeles, authorities said Sunday. One person was in critical condition as of Sunday night. Four of the victims are male and three are female, the Los Angeles Fire …
Read More »Thursday’s Jan. 6 hearing draws over 17 million viewers
An estimated 17.7 million viewers watched Thursday night’s hearing of the House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol. The Nielsen Company said that is second to the 20 million who saw the first committee hearing on June 9, the only other one of the eight …
Read More »Home prices in the U.S. climb to record $416,000
U.S. homes sales slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month from May to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors said Wednesday. …
Read More »Robert Honsch sentenced to prison 27 years after daughter Elizabeth found dead in Connecticut
A man who authorities say started a new life and family in Ohio after killing his wife and teenage daughter in 1995 when they lived in a New York suburb was sentenced Wednesday to 60 years in prison for his daughter’s murder. A judge in New Britain, Connecticut, imposed the …
Read More »Inside the “unhinged” White House meeting where Rudy Giuliani called officials a crude name
President Trump’s former lawyer Rudy Giuliani, pro-Trump attorney Sidney Powell, former White House counsel Pat Cipollone and White House lawyer Eric Herschmann told the House Jan. 6 select committee in recorded testimony played during Tuesday’s hearing about a “heated” and profane” six-hour White House meeting in mid-December 2020, during which …
Read More »Starbucks shutting some locations due to safety concerns
Starbucks said it is closing 16 stores, most of them in major cities, due to safety concerns for workers and customers. The decision comes after company executives read through incident reports filed by employees, according to a company memo. Employees are “seeing firsthand the challenges facing our communities — personal …
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