Author: admin

President Donald Trump arrives to speak on his plan to end tax on tips in Las Vegas, Jan. 25, 2025.Mandel Ngan | Afp | Getty ImagesWho qualifies for ‘no tax on tips’ The Treasury’s preliminary list outlined 68 occupations that “customarily and regularly received tips” on or before Dec. 31, 2024, which would qualify for the new deduction.Here are the tipped workers who may qualify for Trump’s “no tax on tips” deduction:Beverage and food serviceBartendersWait staffFood servers, non-restaurantDining room and cafeteria attendants and bartender helpersChefs and cooksFood preparation workersFast food and counter workersDishwashersHost staff, restaurant, lounge and coffee shopBakersEntertainment and eventsGambling…

WASHINGTON, DC – NOVEMBER 02: U.S. President Donald Trump (R) introduces his nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Current Federal Reserve chair Janet Yellen’s term expires in February. (Photo by Drew Angerer/Getty Images)Getty Images After criticizing Federal Reserve Chair Jerome Powell for months, President Trump is attempting to remove a Fed governor, Lisa Cook. Cook intends to remain in her position and has submitted a court filing on Tuesday “in her official capacity as a member of the…

Sentir Y Viajar | Istock | Getty ImagesFewer people with federal student loans are making payments on their debt. Around 10.3 million borrowers were enrolled in a payment pause known as a forbearance in the third quarter of 2025, up from around 2.9 million during the same time period in 2024, according to U.S. Department of Education data analyzed by higher education expert Mark Kantrowitz. (The Education Department’s fiscal year starts on Oct. 1; its third quarter spans April 1 to June 30.)Another 3.4 million federal student loan borrowers had deferred their payments in the third quarter of this year, up from…

Imane Khelif has the right to appeal World Boxing’s decision barring her from events unless she undergoes genetic sex testing but the Algerian is not competing at the world championships as she has not entered, World Boxing president Boris van der Vorst said. World Boxing, which will oversee boxing in the 2028 Olympics, introduced mandatory sex testing for all boxers in its competitions in May, less than a year after Khelif and Taiwan’s Lin Yu-ting won gold in Paris amid a gender-eligibility row. But Khelif appealed to the Court of Arbitration for Sport — sport’s highest court — seeking to…

M Swiet Productions | Getty ImagesAs a financial planner in the early 90s, William “Bill” Bengen confronted a question that still puzzles aspiring retirees today — “When I get to retirement, how much can I spend?”For Bengen’s baby boomer clients at the time, there was little expert guidance on the subject.Bengen decided to investigate himself by running numbers with a spreadsheet and a data book.In October 1994, he published his findings in the Journal of Financial Planning, and what is now known as the 4% withdrawal rule for retirement was born.Today’s investors still confront the same retirement withdrawal dilemma, with…

LAHORE: Insisting that sending the teams to India for international events amid heightened political tensions was not possible, Pakistan Hockey Federation (PHF) president Tariq Hussain Bugti on Tuesday said the country will not compete in the Jr World Cup later this year. The event is scheduled to be held in Indian cities of Chennai and Madurai from Nov 28 to Dec 10. Pakistan, primarily due to ongoing political strains with New Delhi particularly after a short yet intense military clash between the nuclear-armed neighbours in May, are not competing in the Asia Cup too which is currently in progress in…

Australia captain Pat Cummins said he will be doing everything he can to be fit for the first Ashes test in late November, saying it would be “devastating” to miss out on the Perth clash against England. The 32-year-old pace bowler has been ruled out of upcoming white-ball series against New Zealand and India after scans revealed signs of lumbar bone stress in his back. “(I’m) confident we’ll do the rehab right and give it a good crack,” Cummins told reporters in Brisbane on Wednesday. “This far out it’s hard to know, but we’re trying to make sure we’re doing…

LONDON: Alexander Isak’s British record £125 million ($169 million) move from Newcastle United to Liverpool on Monday completed an eye-watering summer of English Premier League spending. The Swedish striker’s move, along with several other big-money deadline day deals such as Newcastle’s £55 million swoop for Brentford striker Yoane Wissa meant the cumulative spend for the world’s richest football league during the transfer window reached three billion pounds for the first time. Gross spending for the Premier League this season is already the highest ever, exceeding the 2.7 billion pounds spent in the 2022-23 season, and the January window is still…

KARACHI: For former Pakistan striker Gohar Zaman, it was something he hadn’t seen before. Watching Pakistan football team’s fitness coach Jorge Castaneira work, he could see the difference. “It was really high intensity,” Gohar, now the Paki­stan under-23 team assistant coach, told Dawn from Phnom Penh, where the team open their AFC Under-23 Championship qualifying campaign on Wednesday. “… and Casta­neira says it’s merely the start.” With almost all of Pak­istan’s squad bereft of domestic action due to years of crisis in the Pak­istan Football Federa­tion, Gohar believes that working on improving the fitness levels was the one aspect that…

SHARJAH: Afghanistan put on a commanding all-round display to seal an 18-run victory over Pakistan in their tri-nation series Twenty20 International on Tuesday, notching their second victory in two days. After posting a competitive 169-5, Afghanistan — who beat the United Arab Emirates on Monday — restricted Pakistan to 151-9 with disciplined bowling and sharp fielding. Pakistan had beaten Afghanistan in the tri-series opener on Friday but were second best this time. They faltered at regular intervals in their chase with early strikes from Fazalhaq Farooqi (2-21) removing openers Sahibzada Farhan (18) and Saim Ayub, before Fakhar Zaman’s 25 kept…