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In a courtroom sketch, Sean Combs (left) listens alongside his lawyers Marc Agnifilo and Teny Geragos as Assistant U.S. Attorney Christy Slavik (center) makes her closing arguments as U.S. District Judge Arun Subramanian presides during Combs’ sex trafficking trial in New York City. Jane Rosenberg/Reuters hide caption toggle caption Jane Rosenberg/Reuters A federal prosecutor delivered the closing arguments of the government’s case against Sean Combs on Thursday (June 26) in a lower Manhattan courtroom, explaining to the jury how testimony and evidence presented over the last month and a half adds up to charges that include sex trafficking and racketeering…

Banks are demanding that employees get back to the office, and Bank of Montreal is the latest to join the list.The investment banking company told employees in a statement Thursday that they’ll be expected to work on-site four days a week starting on September 15, “where existing real estate capacity permits,” according to a statement to Business Insider.”Our workplaces have a powerful role to help us serve our clients and communities, while shaping our culture and organizational productivity,” BMO spokesperson John Fenton told BI.The company, which currently has over 53,000 employees as of the end of January, added that it…

2025-06-27T00:03:38Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nike plans to raise prices to offset $1 billion in additional tariff costs in fiscal year 2026. The company aims to reduce reliance on China, which makes up 16% of its US footwear imports. Nike’s revenue fell 10% year over year in fiscal year 2025, despite beating analyst expectations. Nike shoppers may…

Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases.Washington, D.C.: Recent IRS Office of Professional Responsibility disciplinary sanctions include censure, suspension or disbarment from practice before the IRS. Individuals disciplined include:California: Enrolled Agent William E. Fulton, Agoura Hills, indefinite from March 18, 2025; CPA Mark L. Englander, Westlake Village, indefinite from Oct. 1, 2024; and CPA Walter W. Knauss III, Westlake Village, indefinite from Dec. 4, 2024.Connecticut: Attorney Scott M. Schwartz, Berlin, indefinite from March 18, 2025.Florida: Attorney William Kalish, Tampa, indefinite from Oct. 21, 2024.Georgia: Attorney Nevada M. Tuggle, Duluth, indefinite from…

The Treasury Department announced a deal with G-7 allies that will exclude U.S. companies from some taxes imposed by other countries in exchange for removing the Section 899 “revenge tax” proposal from President Donald Trump’s tax bill.”OECD Pillar 2 taxes will not apply to U.S. companies, and we will work cooperatively to implement this agreement across the OECD-G20 Inclusive Framework in coming weeks and months,” Treasury Secretary Scott Bessent said on social media Thursday.”Based on this progress and understanding, I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Treasury has asked Congress to scrap a provision in Donald Trump’s flagship budget bill that allows the US government to raise taxes on foreign investments from select countries, reversing a plan that Wall Street warned could roil markets. Treasury secretary Scott Bessent said on Thursday that parts of the OECD’s global minimum tax regime would no longer apply to US companies. As a result, the retaliatory measure in the US president’s “big, beautiful” budget bill was no longer needed.…

The Securities and Exchange Commission is taking initial steps to consider overhauling rules governing disclosures of executive compensation, including banker pay and bonus clawbacks. The current compensation disclosures are “a Frankenstein patchwork of rules” thanks to myriad updates over the past three decades, SEC Chairman Paul Atkins said in prepared remarks Thursday for a roundtable event on the topic in Washington. “The outcome of our rules is not effective when companies require highly specialized lawyers and compensation consultants to prepare disclosure that the reasonable investor struggles to understand.” Pay-versus-performance disclosures may be particularly ripe for change. In a statement last month announcing the…

Global CMO Andréa Mallard Talks Pinterest’s Safety and Search Features – Business Insider Business Insider Share icon An curved arrow pointing right. Facebook Icon The letter F. Share icon An curved arrow pointing right. Facebook Icon The letter F. Description Angle down icon An icon in the shape of an angle pointing down. Show more This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Source link

When the going gets tough, Americans go shopping.Following the US bombing of Iran last weekend, Google search interest for topics including “Survival kit” and “Nuclear fallout” spiked in the US to levels not seen since the early days of Russia’s invasion of Ukraine in late February 2022, data through Thursday shows.On Amazon, data from marketplace analytics company Jungle Scout shows searches and sales for products like gas masks, first aid kits, and solar-powered flashlights have ticked up notably in the past 30 days.The data also show increased searches for “riot gear” and “hurricane preparedness kit” during the same period, which…

The Treasury Department is nearing a deal that would make the so-called “revenge tax” irrelevant, the agency’s second-in-command said, a development that could bring great relief to Wall Street investors worried about punitive tax measures on foreigners.”We continue to have negotiations with our OECD partners and continue to hope that in the very short run we have a breakthrough that would make conversations about 899 irrelevant,” Deputy Treasury Secretary Michael Faulkender said in an interview, referring to a part of President Donald Trump’s signature tax legislation that would impose a levy on foreign companies and investors from countries that the…