President Joe Biden has asked for higher taxes on inheritances to help pay for the American Families Plan.   The proposal includes taxes for inherited property at death, excluding the first $1 million of gains. These plans may make life insurance more compelling for estate planning needs, financial experts say. President […]

White House spokeswoman Jen Psaki said that they were not made aware of the Justice Department’s move to substitute itself in a case defending Donald Trump in a defamation lawsuit. “The president strongly believes in the independence of the Department of Justice,” Psaki said. “We were not consulted. The White […]

Boston Mayor Kim Janey announced Monday she fired the city’s police commissioner, Dennis White, after domestic abuse allegations against him from 1999 surfaced in a Boston Globe investigation. Janey announced the 32-year veteran of the Boston Police Department had been fired from his post, saying the allegations “eroded public trust in his […]

A Virginia middle school once named after a Confederate soldier officially has been renamed to honor Black NASA mathematician Katherine Johnson. The Fairfax school had been called Sidney Lanier Middle School for the past 60 years, named after the American poet who was also a private in the Confederate army. In […]

New York (CNN Business)The Federal Aviation Administration issued an order Wednesday that paved the way for the troubled Boeing 737 Max to carry passengers again, ending the jet’s 20-month grounding. The plane, the best-selling jet in Boeing’s (BA) fleet, was grounded in March 2019 after two fatal crashes that killed […]

Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers' wages. In May, Chipotle said that it would raise hourly wages for its restaurant workers to reach an average of $15 an hour by the end of June. The restaurant industry has […]

During the COVID-19 pandemic, American motorists have decreased their amount of driving precipitously as they worked remotely instead of commuting and stayed at home instead of going out to restaurants, shows, and sporting events. Counterintuitively, however, that has not resulted in safer roads. To find the most dangerous city for […]

Ford Motor Co. (NYSE: F) introduced its hybrid-electric compact Maverick pickup Tuesday morning, saying the 2022 model year base vehicle is targeting EPA-estimated mileage of 40 mpg in city driving. Based on the company’s estimated fuel consumption of 37 mpg, the Maverick’s range on a full tank of gasoline is […]

THE HAGUE, Netherlands — A global sting involving an encrypted communications platform developed by the FBI has sparked a series of raids and arrests around the world, delivering “an unprecedented blow” to crime gangs, law enforcement authorities said Tuesday. Operation Trojan Shield involved police swoops in 16 nations. More than […]

New York (CNN Business)When coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates were implemented and, perhaps more crushingly, free samples disappeared. But as vaccination rates rise, some are feeling more comfortable about resuming their prior routines — and […]