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House Republicans are considering increasing taxes on university endowments, a significant threat to some of the nation’s wealthiest schools as President Donald Trump seeks to tighten control over American higher education.The measure is in a draft of the tax package Republicans are weighing, according to people familiar with the matter who spoke on condition of anonymity to share details on the effort. The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows, the people said. Republicans are considering boosting the 1.4% endowment tax currently on the books…

Trump floats idea of raising taxes on the rich – CBS News Watch CBS News In a post on social media, President Trump said he’d be open to raising taxes on rich people as part of negotiations over his “big beautiful bill.” CBS News’ Nikole Killion and Kelly O’Grady have the latest. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

The Public Company Accounting Oversight Board posted more staff presentations to help with the implementation of QC 1000, A Firm’s System of Quality Control.The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources. In April, the PCAOB posted more staff presentations covering acceptance and continuance, engagement performance, governance and leadership, and information communication.  The roles and responsibilities video covers the requirements involving the assignment of roles and responsibilities within the firm’s QC system. The ethics and independence video covers the firm and individual responsibilities under ethics and independence requirements applicable for engagements performed under…

A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024.Wes Hale | UFL | Getty ImagesAt long last, ESPN has chosen a name for its upcoming all-access streaming service.Ready?It’s “ESPN.”Disney’s sports media division will announce the new — and also sort of old — name for the all-access streaming application at a media event next week, according to people familiar with the matter who declined to be named speaking about not-yet-public details. A Disney spokesperson declined to comment.Disney executives have referred to the streaming product, which is expected…

Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now.The low turnover is “striking,” according to real estate analyst Alex Goldfarb at Piper Sandler. He said some of the largest landlords are seeing turnover at just 30% compared with the industry norm of 50%.He cited reasons including an unaffordable for-sale market, lack of rental supply on the coasts, nervousness about the economy and tariffs, the cost…

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on Friday in another 90-second outage, the Federal Aviation Administration said, hours after the Trump administration unveiled a plan to overhaul the aging technology that keeps U.S. airspace space safe.The outage occurred at about 3:55 a.m. ET, the FAA said. There are far fewer aircraft flying overnight,…