Republican Iowa Sen. Joni Ernst has asked Treasury Secretary Scott Bessent for the IRS to improve its technology so that people starting a business can apply for an employer identification number (EIN) all day every day. The senator, who chairs the Senate Department of Government Efficiency (DOGE) Caucus, made the request on Tuesday in a…

The Trump administration is building a case in court for its ability to send people in the United States to an overseas detention camp — and then refuse to bring them home even if they’re innocent. In a new court filing Tuesday night, the administration referred to a group of Venezuelan migrants and asylum seekers…

International brokerage Morgan Stanley included non-banking financial company Bajaj Finance and state-run defence player Hindustan Aeronautics in its Asia Pacific Ex-Japan and Global Emerging Markets focus lists. As Bajaj Finance's management transition has been outlined, with falling credit costs and a favourable interest regime, the investment case for Bajaj Finance is clear, noted the brokerage. On…

Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly 30% of the digital insurance company’s shares. Munich Re was an early investor in Next Insurance. Closing is expected during the…

Small businesses across the United States are facing rising health insurance costs that are putting pressure on operations, employee benefits, and long-term financial planning. FireflySci, a manufacturer of cuvettes and calibration standards for laboratories, has reported annual increases exceeding $10,000 from its health insurance provider, United Healthcare Oxford. Sim Woitovich, spokesperson for FireflySci, said the…