Zak Brown turned around the moribund McLaren Racing Formula 1 team that went from being among the worst on the grid to the 2024 Constructors’ champion and current championship leader with Oscar Piastri. The American’s makeover of the proud F1 team has been one of the great racing stories in recent years, and with an
Editor: Jeffrey N. Bilsky, CPA Sec. 541 imposes a 20% tax on the undistributed personal holding company income of a personal holding company. Initially enacted in 1934, the tax was intended to discourage individuals from using closely held corporations as tax shelters for investment income. However, given that current long–term capital gains rates are less
The robust GDP numbers of the Indian economy in the fourth quarter of the fiscal year 2025 are because of good domestic consumption, government investment, and relatively lower dependence on exports, say experts reacting to the numbers. Manoranjan Sharma, Chief Economist at Infomeric Valuations and Ratings said “India’s economy rose by 6.5 per cent in
Many people believe that earning more money is the key to building wealth. But as countless examples show, how much you save and invest matters far more than how much you earn. Investment advisor and CA Nitin Kaushik, in a social media post, noted that financial independence doesn’t come from a high income alone—it stems
CEDAR RAPIDS, Iowa — A major multi-billion dollar investment from Google is coming to eastern Iowa. Governor Reynolds and Iowa members of Congress were all in attendance for the announcement. Google shared on Friday, it’s going to invest seven billion dollars in Iowa, grow the role of AI and increase job opportunities. Governor Reynolds was
President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence,” Trump told US Steel employees at
Google will invest $7 billion to officially build a data center in Cedar Rapids and expand cloud and artificial intelligence infrastructure in its Council Bluffs complex, more than doubling its existing investment in Iowa. State and city leaders say the May 30 announcement positions Iowa and Cedar Rapids as leaders in delivering AI technology to
Virtually every large producing firm in the U.S. started as a small business, usually in a home or garage, financed by the personal savings of the entrepreneur, and family and friends. Microsoft and Amazon come to mind. Most starts, of course, will not replicate those growth experiences. But drive down the Main Street of any
A Redondo Beach man was charged last week in North Carolina after he allegedly posed as an investment adviser and defrauded victims of more than $4 million over the course of several years. Jon Patrick Kubler, 52, was indicted on charges of securities fraud and transactional money laundering after he allegedly provided investment planning and
Interim Matildas coach Tom Sermanni has delivered a scathing critique of the A-League Women competition’s professionalism, stating that Australian football remains “grossly underinvested” in the women’s game. That the league is not yet fully professional is particularly “irritating” for Sermanni, given the blockbuster success of the 2023 Women’s World Cup. Matildas star as Arsenal wins