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☆ Trump said he'd use the military for mass deportations. Here are the industries with the most immigrant workers.
▼ + stars: | 2024-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The full scope of the planned mass deportations remains unclear. Present-elect Donald Trump's plans for mass deportations could significantly impact construction, agriculture, and hospitality. The data breaks down 13 major sectors by the number of native-born citizens, naturalized citizens, and non-US citizens working in each. AdvertisementThe agriculture industry could also be heavily impacted by mass deportations. To be sure, deportation plans are still in flux, and it's unclear how many people would be deported or who would be targeted first.

Persons: Trump, Donald Trump's, Steve Ballmer, Molly Day, Tom Homan, Stephen Miller, Vance, Karoline Leavitt Organizations: Immigrants, American Immigration Council, American Progress, Small Business Association, ACLU, Immigration, Customs, White House, Staff, Policy, US Homeland Security

The ruling came on the final day of the Supreme Court's term that began in October. At issue in the case was whether Corner Post was too late when it brought its legal challenge. A group of small business associations had filed a brief urging the Supreme Court to maintain a strict statute of limitations that begins at the time a regulation is finalized. The Supreme Court in 2015 left in place a lower court's ruling backing the regulation. Circuit Court of Appeals upheld Traynor's decision, setting up the Supreme Court appeal.

Persons: Dado Ruvic, Charles Koch's, Joe Biden's, Dodd, Frank Wall, Daniel Traynor, Traynor's, John Kruzel, Will Dunham Organizations: REUTERS, Companies, Mastercard, WASHINGTON, U.S, Supreme, Federal, U.S . Chamber of Commerce, Federal Reserve, of Governors, District, Circuit, Fed, Thomson Locations: North Dakota, Watford City, Corner, St, Louis

New York City CNN —Donald Trump is trying to turn the tables on Alvin Bragg. He goes after guys like Trump who did nothing wrong,” Trump said. “There are hundreds of murderers all over the city, they know who they are and they don’t pick them up. Trump is currently on trial in New York four days a week, severely limiting his ability to campaign or fundraise outside of the state. On Tuesday, Trump used the appearance at the bodega to attack Bragg.

Persons: York City CNN — Donald Trump, Alvin Bragg, Jose Alba, Bragg, Eric Adams –, Trump, Adams, “, ” Trump, bodegas, Francisco Marte, ”, –, Alvin, Trump’s, ” Marte, Marte, Joe Biden, “ We’re, “ Alvin Bragg, bodega, Alba, Austin Simon, Simon, Mr, Alice Fontier, ” Adams, ” “, ” Alba, Black, ” Bragg Organizations: York, York City CNN, Harlem bodega, bodega, The, Bodega, Small Business Association, Throngs, Broadway, Trump, Bragg, CNN, NYPD, ”, Democratic, Biden, Yorker, ” Prosecutors, Republicans, City Locations: York City, Manhattan, Lower Manhattan, New York, York, Trump, Alba, bodega, “ New York, ” New York, New York City, ”, City of New York, Albany

WASHINGTON (AP) — The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It's part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The Treasury Department's Financial Crimes Enforcement Network proposed a regulation on Wednesday that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts and shell companies. All-cash purchases of residential real estate are considered at high risk for money laundering. One study on the impact of money laundering on home values in Canada, conducted by a group of Canadian academics, found that money laundering investment in real estate pushed up housing prices in the range of 3.7% to 7.5%.

Persons: —, Biden, ”, Andrea Gacki, Ian Gary, Janet Yellen Organizations: WASHINGTON, Treasury, Network, House, FACT Coalition, Small Business Association Locations: Canada, U.S

☆ 43-year-old's bar for women’s sports brought in $1 million in 8 months—this 1 sentence from her business plan made it happen
▼ + stars: | 2023-10-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

In early 2022, Jenny Nguyen sat down to write a business plan for what would become The Sports Bra. That's her one-of-a-kind bar in Portland, Oregon, which only plays women's sports on its TVs and pulled in nearly $1 million in revenue in its first eight months of business. At the time, it was a hypothetical venture — and Nguyen wasn't confident that it would work. Sports bars dot the streets of every city, but Nguyen felt those businesses too often ignored any women's sporting events. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Jenny Nguyen, Nguyen wasn't, Nguyen, —, She'd Organizations: Sports, CNBC, Global Locations: Portland , Oregon

☆ CreditNinja, which has charged loan customers an interest rate of 447%, is complaining that their $1 million PPP loan forgiveness request was rejected
▼ + stars: | 2023-09-23 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Short-term lending company CreditNinja is mad about the SBA denying them loan forgiveness. The company charges interest rates as high as 447% in Texas, per KHOU. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. According to Forbes, Kanye West's fashion company Yeezy received over $2 million in PPP loans. Artist Jeff Koons, also notably rich, received a $1.1 million PPP loan in April 2020, according to ProPublica.

Persons: Seamus Hughes's CourtWatch, CreditNinja, CreditNinja wasn't, —, Kanye, Yeezy, Jeff Koons Organizations: SBA, Service, Court, Southern Division, Small Business Association, Relief, Economic, Forbes Locations: Texas, Wall, Silicon, Illinois

A person who works with the group, American Edge Project, told CNBC that the $34 million was from Facebook. A Meta spokesman declined to comment and referred CNBC to American Edge instead. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook. American Edge launched a wave of TV and digital ads from late 2020 through 2021, taking on antitrust proposals. American Edge spent over $5 million between TV and digital ads in 2021, according to data from AdImpact.

☆ Russia Sanctions Disrupting Putin’s Military Efforts, Treasury Official Says
▼ + stars: | 2022-11-16 | by ( Dylan Tokar | ) www.wsj.com time to read: +3 min

Sanctions on Russia have succeeded in disrupting the country’s military manufacturing industry and are squeezing its economy, a senior U.S. Treasury Department official said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. “We’ve seen how fragile the supply chain is, frankly—we learned this during Covid—for his defensive efforts on the battlefield,” Mr. Nelson said, referring to Mr. Putin. Amid the unprecedented sanctions program against Russia and ongoing pressure campaigns against Iran, Venezuela and other nations, the Treasury has been reviewing more broadly how it uses sanctions. One measure the U.S. Treasury is taking to ensure its program remains potent is by hiring a chief sanctions economist to provide economic analysis around prospective sanctions actions, Mr. Nelson said.

☆ Small Business Group Challenges Law Requiring Corporate-Ownership Disclosure
▼ + stars: | 2022-11-15 | by ( Dylan Tokar | ) www.wsj.com time to read: +3 min

A small business group is suing to block a law that was designed to stop money-laundering by rooting out the use of anonymous shell companies. The Corporate Transparency Act, the law’s formal name, was passed as part of annual defense spending legislation and signed into law last year. The group filed its lawsuit with Isaac Winkles of Huntsville, Ala., who owns a small business managing real-estate properties. The lawsuit poses a new challenge to FinCEN, which has already missed the mandated timeline for launching the corporate-ownership database. In addition to setting up the corporate-transparency database, the law also requires FinCEN to take a number of other steps—a whistleblower award program, among others—to strengthen the U.S.’s anti-money-laundering safeguards.

☆ 12 Steps to Starting a Small Business
▼ + stars: | 2019-05-02 | by ( ) www.nbcnews.com time to read: +8 min

Step 2: Write a business planYou don’t need an MBA to write a business plan. In addition to selecting your business name, you may also need to register a fictitious business name, known as a DBA (Doing Business As). Step 9: Figure out your taxesYour business structure will determine the types of taxes you’ll have to pay. Step 11: Learn relevant laws and regulationsIf you’re starting an online business, contact the Federal Trade Commission to learn about e-commerce regulations. Step 12: Set up your accounting systemBookkeeping can be simple, at least when you first start your business.

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