China's ‘Cash-for-Clunkers' Underlines Need for Structural Reform
Policymakers' rollout of subsidies for smartphones, home appliances, cars and a host of other products have spurred a long sought-after pickup in spending. But the funds needed to keep it going are running out faster than planned.
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Android Authority
27 minutes ago
- Android Authority
Leaked renders offer an early look at Samsung's official Galaxy Z Flip 7 cases
Evan Blass TL;DR Samsung may offer four official cases and a screen protector for the upcoming Galaxy Z Flip 7. The clamshell foldable could get a basic clear case with a grip, a clear magnet case, a silicone case in four colorways, and a Kindsuit case in three finishes. Unlike the Galaxy Z Fold 7, the cheaper foldable may not get an official carbon fiber case. Hot on the heels of a leak revealing Samsung's official Galaxy Z Fold 7 cases, a new report has unveiled the full lineup of accessories expected for the Galaxy Z Flip 7. If accurate, the compact foldable could launch with four case options and an anti-reflective screen protector. Android Headlines has managed to dig up official renders of the Galaxy Z Flip 7 accessories, which give us an early look at the device's clear case, clear magnet case, silicone case, Kindsuit case, and anti-reflective film. The clear magnet case appears to be the only new addition, while the remaining options look the same as the ones Samsung offered with last year's Galaxy Z Flip 6. The clear case is a minimal two-piece case that protects both halves of the device and features a ring-shaped grip on the bottom half. The clear magnet case replaces this grip with a ring of magnets that will make the Flip 7 compatible with Qi2 chargers and accessories. Both cases feature a raised lip at the top to protect the cameras from scratches. Except for its material, the silicone case looks nearly identical to the regular clear case. Samsung may offer it in black, blue, coral red, and mint color options that match the rumored Flip 7 colorways. While Samsung appears to have swapped the Kindsuit case with a new Carbon Shield case in its Fold 7 accessory lineup, its cheaper foldable doesn't seem to be getting a similar upgrade. The company will still offer a Kindsuit case for the device in black, taupe, and camel colorways. Lastly, Samsung will release an anti-reflective screen protector for the Flip 7's larger cover screen, featuring a pill-shaped camera cutout. It will ship with an alignment tool for easy application, a squeegee, a microfiber cloth, and dust removal stickers. Although Samsung hasn't made major changes to the case lineup for its clamshell foldable, that might not be a bad thing, since last year's designs offer solid, all-around protection. The same can't be said for Samsung's official Galaxy Z Fold 7 cases, which may only protect the device's back panel. Reserve the next Galaxy for $50 Samsung Credit and a chance to win $5,000! Reserve the next Galaxy for $50 Samsung Credit and a chance to win $5,000! Unpacked is coming. The next generation of Galaxy is coming! Reserve your new Galaxy device today ahead of the July 9 launch and receive $50 Samsung Credit when you preorder and purchase the reserved device. Samsung is also offering 3x Samsung reward points in your pre-order purchase and a sweepstakes entry for a prize of $5,000 for one lucky winner! Sign up to save See price at Samsung Reserve the next Galaxy for $50 Samsung Credit and more savings! Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.
Entrepreneur
33 minutes ago
- Entrepreneur
How the 'Big, Beautiful Bill' Could Affect Small Businesses
President Donald Trump's "Big, Beautiful Bill" is set to be voted on in the House on Thursday ahead of the President's July 4 deadline to pass the bill. (There's even a Domino's Pizza-style tracker on the White House website — "We are preparing your tax cuts..." it reads.) The 887-page bill includes tax and spending cuts that will affect small businesses. Related: Big Government Changes Are Coming for Small Businesses — What You Need to Know On Fox News' "Mornings With Maria" on Wednesday, CPA and small business owner Gene Marks said the big winners of the bill "are small businesses." "I think that's going to have an enormous impact on the growth of businesses in this country," Marks said. "There are certain tax provisions in this bill, investing in capital equipment, spending on research and development, [increasing] the exemption for estate taxes, [and] they've all been made permanent, which means that small businesses can make long-term decisions about investing in their businesses, selling their businesses, or passing it on to new generations knowing that the laws aren't going to change." Ahead of the bill becoming law, here are some key items affecting businesses big and small: Corporations The tax breaks from the 2017 Tax Cuts and Jobs Act would be permanent when the bill passes, which allows businesses to write off the costs of research and development. When the Ways and Means Committee voted to make the 2017 cuts permanent, they said that the provisions "will provide small businesses, manufacturers, and farmers the certainty and confidence to fuel a second Trump economic boom through new investment and job creation." "Families and workers will save money from lower tax rates, a larger Child Tax Credit, and President Trump's tax priorities for hardworking Americans: tax relief for seniors, no tax on tips, no tax on overtime pay, and no tax on auto loan interest for American-made cars," the committee wrote on its website in May. Building and construction Businesses would be able to deduct the cost of building new manufacturing facilities in full and at a much faster rate. According to Associated Builders and Contractors (ABC), which represents 23,000 members and "millions" of construction workers, its website says, the legislation includes several tax provisions that will "directly benefit contractors." "Tax certainty and pro-growth policies are not abstract policy goals for construction businesses—they are the foundation that allows ABC members to invest, grow, and keep America building," said Kristen Swearingen, ABC vice president of government affairs. Franchises The bill is backed by the International Franchise Association (IFA). President and CEO Matt Haller told Entrepreneur in June that the tax provisions in the bill "will have a hugely positive impact on America's 830,000 franchise small business owners and their nine million employees." Related: Here's What the 'One, Big, Beautiful Bill' Means for the Franchise Industry "IFA, our member brands and franchise owners have been laser-focused on ensuring permanent tax relief," Haller said. "IFA thanks President Trump for putting the importance of protecting franchise small business owners front and center, and lawmakers for their work to get this bill across the finish line." Eliminates tax on tips In occupations where workers receive tips (restaurants, bars, beauty services, etc.), earned tips will no longer be taxed as taxable income. There are a few caveats, though: The provision expires in 2028, and the deduction is capped at $25,000. The exemption only applies to federal income tax, meaning state and local income and payroll taxes would not apply. Also, in the new Senate version of the bill, workers earning $150,000 or more a year ($300,000 for joint filers) are exempt. No tax on overtime White House estimates suggest that employees who work overtime hours would save up to $2,000 in taxes yearly with the bill. "Exempting overtime pay from federal income tax delivers direct, meaningful relief to the hardworking men and women of the construction trades, rewarding long hours on the jobsite," the Associated Builders and Contractors said in a statement. However, the AP reports that the bill does not eliminate taxes on Social Security benefits. Interest deductions If approved, the bill suggests that instead of calculating with EBIT (earnings before interest and taxes), deductions should be calculated using EBITDA (adds depreciation and amortization), which, the White House says, would allow businesses and franchises to deduct billions more in expenses. State and local taxes (SALT) deductions If the bill passes, the cap on the federal deduction for state and local taxes (SALT) will increase from $10,000 to $40,000 starting in 2025. According to the Tax Foundation, this will mainly benefit high earners.
Bloomberg
42 minutes ago
- Bloomberg
China Shuns US Oil for Longest Stretch Since 2018
China avoided purchasing US crude for the third straight month — the longest stretch since 2018 — delivering a fresh blow to shale drillers already facing lower oil prices. The world's biggest oil importer bought no American crude in May, according to US Census data released Thursday, following zero purchases in both March and April as a trade dispute between the largest global economies roiled markets. The absence of Chinese buying sent US overseas oil sales tumbling to the lowest in two years.
