How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment

Super rich people may avoid paying more than $160 billion in taxes every year, the Treasury says. Here are some strategies they use to do that.

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Australia wage growth picks up to 3.3%, short of forecasts

Australian wages grew at the fastest annual pace in a decade last quarter but that was still short of market forecasts and could lessen the pressure for further aggressive hikes in interest rates,

Peter Thiel-Backed SPAC Weighs Merger With HK Fintech Hyphen, Sources Say

Bridgetown Holdings Ltd., the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a merger with financial technology firm Hyphen Group, according to people

Cisco made it through a pandemic pothole, and the stock is driving higher

Amid a sea of earnings disappointments this quarter, Cisco Systems Inc. surprised Wall Street on Wednesday as it moved beyond pandemic supply-chain issues to gain its best handle on demand in recent

Plano-based Cinemark founder Lee Roy Mitchell retires from board of directors

Cinemark Holdings Inc. founder Lee Roy Mitchell will retire from the movie theater’s board of directors after nearly 40 years. Mitchell, 85, served on the board since its inception and transitioned

Warren Buffett’s long-time partner Charlie Munger says he’s ‘not proud of my country’ for allowing crypto to thrive, calling it ‘very dangerous’

Charlie Munger really doesn’t like crypto. In fact, he’s been speaking out publicly about it for some time. He says he wished it had never been invented. He says that Bitcoin is “stupid and evil,”

Debt ceiling: CBO finds government could be at risk of default ‘between July and September’

A Congressional Budget report released Wednesday projects the date when the government will no longer be able to pay its debt obligations fully “will fall between July and September 2023," further

Debt limit forecast says US could be in default by summer. Here's how that could impact you

The U.S. will hit its debt limit and run out of borrowing power sooner this summer, the Congressional Budget Office said. Social Security is at risk.