Starting in 2025, eligible state residents in Washington State will get $100 per day for 365 days of long-term care costs. A payroll tax will pay for it. Source: NYT > Business – RON LIEBER
Trump’s Trade War Is About to Pack a Bigger Punch
Tariffs on $200 billion worth of Chinese goods are rising to 25 percent from 10 percent. Here’s what that means for your shopping cart. Source: NYT > Business – JIM TANKERSLEY
They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.
Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock market. Source: NYT > Business – KATE CONGER
Alphabet Falls $1 Billion Short of Revenue Forecasts, Blaming Strong Dollar
The company said it expected foreign currency to be an issue again in the current quarter, and its stock slid in after-hours trading. Source: NYT > Business – DAISUKE WAKABAYASHI
Henry W. Bloch, Pioneer of Tax Preparation, Is Dead at 96
With his brother Richard, Mr. Bloch founded H&R Block, one of the most recognizable brands in American business. Source: NYT > Business – ROBERT D. HERSHEY Jr.
Inequality Fuels Rage of ‘Yellow Vests’ in Equality-Obsessed France
France’s so-called yellow vest protesters are animated by more than anger at the rich: They seek a protected and expanded social safety net. Source: NYT > Business – PETER S. GOODMAN