Corporate Tax Revenue Falls Even as Profits Soar Under Trump

New York Times - Oct 17, 2026

The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.

Read full article

More News

Oct 16, 2026

Warsh Vows to Tame Inflation as A.I. Delivers ‘Shock’ to Economy

The Federal Reserve chairman stuck to his pledge to avoid providing guidance about the path forward for interest rates, but did nothing to convey an urgency to raise them later this month.

Oct 16, 2026

Musk settles election lottery lawsuits over $1 million voter giveaways

Tech mogul Elon Musk agreed to settle two lawsuits over his $1 million check handouts to battleground voters in the 2024 election, according to court filings published Thursday. The suits, filed in the Western District of Texas, accused the Tesla and SpaceX CEO of defrauding voters when his America PAC offered a $1 million giveaway...

Oct 16, 2026

Main Trump legal fund $1.9M in debt

President Trump’s primary legal fund is more than $1.9 million in debt, according to its latest filing with the Federal Election Commission (FEC). Save America PAC, which Trump formed after he lost the 2020 presidential election, spent more than $5.4 million in the third quarter and had spent more than $14 million from the start...

Oct 16, 2026

Warsh offers no fresh signals on interest rates

Federal Reserve Chair Kevin Warsh declined Friday to predict central bank officials’ future course on interest rates, less than two weeks before they meet to discuss monetary policy. “I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings that we have in the balance of this year,” Warsh...

Oct 16, 2026

Aldi planned 180 new stores for 2026. The newest are about to open

More than 180 new Aldi stores were expected to open this year, and several of those are gearing up to welcome shoppers just in time for the holidays.

Oct 16, 2026

2026 midterm could be the most expensive ever: AdImpact

This year's total spending may exceed the $11.2 billion spent during the 2024 presidential election cycle.

Oct 16, 2026

A new railway corridor: How Nanning links Chinese and ASEAN markets

Oct 16, 2026

Watch: Did Tesla really just unveil a flying car?

Tesla CEO Elon Musk showcased the vehicle at a facility owned by his SpaceX company, which helped develop the model.

Oct 16, 2026

China and Europe are building new connections in aerospace

China and Europe are building new connections in aerospace – from skies to stars. On the one hand, their deep industrial partnership is scaling global civil aviation to new heights. On the other hand, scientific collaboration is opening new possibilities for space exploration and deepening our understanding of the Sun-Earth system.