California cracks down on luxury car buyers evading taxes through 'Montana Loophole'
California targets wealthy luxury car owners and dealers using the Montana loophole to avoid sales tax, launching audits to recover millions in revenue.
Read more …
Saks Global expects to exit bankruptcy this summer after receiving $500M in financing
Saks Global secured a $500 million financing commitment from capital partners, and the luxury retailer plans to emerge from Chapter 11 bankruptcy this summer.
Read more …
American workers' wage gains lost momentum in March despite strong hiring, economists say
Average hourly earnings rose just 0.2% in March, missing expectations as analysts warn softer wage growth and rising energy prices squeeze consumers.
Read more …
