Businesses

Federal Judge Halts Stringent Financial Surveillance Rule Affecting Border Businesses

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San Diego, CA — The U.S. government has recently set its sights on smaller cash transactions in an effort to curb illegal activities, particularly along the southwest border. This decision, encapsulated by a new Geographic Targeting Order (GTO) from the Financial Crimes Enforcement Network (FinCEN), drastically lowers the threshold for mandatory reporting of cash transactions from $10,000 to just $200 in specified areas of California and Texas. Historically, the $10,000 benchmark held since 1972 aimed at monitoring substantial financial transactions to catch signs of money laundering or funding for illicit activities. FinCEN’s announcement on March … Read more

New Law Bolsters Military Spouses’ Businesses: North Dakota Enhances Cottage Foods Act to Permit Interstate Sales

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Bismarck, North Dakota — On a recent legislative day, Governor Kelly Armstrong signed a pivotal bill that broadened the scope of North Dakota’s Cottage Foods Act, allowing for a significant expansion of home-based food businesses, including those run by military spouses. The newly revised law, which includes an emergency clause ensuring its immediate enactment, now permits these entrepreneurs to market and ship their products across state lines and via online platforms. Previously, North Dakota counted among the minority of states that restricted interstate commerce for cottage food operations, tying the hands of home-based entrepreneurs who … Read more

Businesses Hit by Tariffs Consider Legal Action Against Trump Administration

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Several corporations in the United States, directly impacted by the imposition of tariffs under former President Donald Trump’s administration, are contemplating legal action. The businesses allege that these import duties, which were imposed on goods from China and other countries, have had significant negative financial effects on their operations. The tariffs, introduced as part of Trump’s trade policy to encourage domestic manufacturing and reduce the U.S. trade deficit, added a substantial cost burden to these companies. Many businesses found their profit margins squeezed as they were forced to pay extra on a broad range of … Read more

Florida Trend: Local Businesses Face Significant Setbacks Amid Economic Challenges

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Tallahassee, FL — Once a bustling hub of commerce and tourism, Florida’s real estate market now faces a precarious future. As developers and investors grapple with unprecedented losses, the impact reverberates across more than just property values and construction jobs. The casualty list is growing exponentially as 2020 alone saw a staggering 25% increase in delinquent commercial mortgages. This surge translates to real estate assets valued at billions, now edging closer to foreclosure — a scenario that could reshape Florida’s economic landscape significantly. The deceleration in tourism and retail, compounded by an increase in remote … Read more