The Daily

The Bureau of Internal Revenue (BIR) released Revenue Regulation (RR) 15-2025 on April 29, 2025, clarifying and updating the tax rules applicable to qualified employee private retirement benefit plans. This RR aims to assist employers in understanding the terms, conditions and tax responsibilities associated with maintaining retirement plans that are eligible for tax exemptions – ensuring that employees receive fair and tax-free retirement benefits if certain conditions are met.

 » Read more about: RR 15-2025: Clarifying tax rules for private retirement plans  »

Every year around this time, we update our Periodic Table of Commodities Returns to reflect the performance of raw materials in the first six months of the year.

 » Read more about: Platinum Was The Top Performing Commodity In H1  »

Six races with Jack Doohan, and six for Franco Colapinto, but Alpine‘s results have been little better as the team’s gamble is still to prove worthwhile in Formula 1.

Having cast 21-year-old Doohan aside after just six weekends in 2025, the Anglo-French marque’s solution in Colapinto leaves them in no better position.

 » Read more about: Alpine’s mid-season driver swap is still to pay dividends in 2025  »

 » Read more about: China stocks climb on higher dividends, led by bank shares  »

 » Read more about: Groww Mutual Fund announces power sector-focused ETFs: Should you invest?  »

Nearly 25% of the $1.6 trillion federal student loan portfolio could default in the near future, considering that nearly 10 million borrowers were over 90 days delinquent as of April 2025. Given that the U.S. Department of Education restarted collections on student loan defaults in May, and many borrowers are already facing tighter budgets,

 » Read more about: What Effects Would Mass Student Loan Defaults Have on the US Economy?  »

TORONTO, July 14, 2025 /CNW/ – BMO Investments Inc. (“BMOII”) today announced the final net asset values for the ETF Series of each of BMO ARK Genomic Revolution Fund (Cboe Canada: ARKG), BMO ARK Innovation Fund (Cboe Canada: ARKK) and BMO ARK Next Generation Internet Fund (Cboe Canada: ARKW) (each,

 » Read more about: BMO Announces Final Valuations and Declares Final Distributions on Units of ETF Series of Terminated BMO Mutual Funds  »

FIRST ON FOX: President Donald Trump will recognize CEOs and business leaders who donate their time to faith-based charitable works and encourage them to continue investing with the White House Faith Office during a luncheon at the White House on Monday.

 » Read more about: Trump gathers CEOs for unprecedented faith, economy meeting to renew US 'spiritually and financially'  »

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A member of the Federal Reserve Board of Governors on Monday said that the U.S.

 » Read more about: Fed official reveals why America's economy remains 'really healthy' despite holding off on rate cuts  »

• A new “Frequently Asked Questions” page on the Federal Reserve’s website defends the central bank’s recent renovation project — and responds to many Trump administration criticisms of it.
• Office of Management and Budget Director Russell Vought slammed the renovation project and said he would pursue an investigation.
• Chairman Jerome Powell has repeatedly resisted President Donald Trump’s criticisms and repeated attempts to pressure him to lower interest rates.

 » Read more about: Federal Reserve quietly responds to Trump administration attacks over renovation  »