De Minimis Exemption Is Gone and a New Fee Is Coming

De Minimis Exemption Is Gone and a New Fee Is Coming

If you import inventory in small batches, the rule that made that work is gone, and a guide updated on August 17, 2026 lays out where things now stand. The de minimis exemption, which let shipments worth $800 or less enter the United States duty-free, ended for China and Hong Kong on May 2, 2025…

Read More

WiseTech Stock Crash: Profit, ACCC Search, FY27 Guidance

WiseTech Stock Crash: Profit, ACCC Search, FY27 Guidance

Australia’s WiseTech Global shares came under pressure after the logistics software company reported an 11% decline in FY26 statutory net profit to A$178.7 million and issued FY27 revenue-growth guidance of 6% to 10%. The results followed an Aug. 19 search warrant executed by Australia’s competition regulator, the Australian Competition and Consumer Commission (ACCC), which sent…

Read More

Exclusive | Bizarre twist in $6.2B divorce as it’s revealed billionaire’s alleged fencing coach lover sued his wife over ‘smear campaign’

Exclusive | Bizarre twist in .2B divorce as it’s revealed billionaire’s alleged fencing coach lover sued his wife over ‘smear campaign’

A divorcing New Jersey billionaire’s gal pal was his son’s fencing coach — and once sued his wife for defamation, claiming the spouse insinuated she ruined their marriage, court papers show. The revelations are just the latest bizarre twist in the sensational case involving what could potentially be the largest divorce settlement in New Jersey history…

Read More

Best Startup Accelerators: 5 Ways to Judge an Offer

Best Startup Accelerators: 5 Ways to Judge an Offer

TIME published its America’s Best Incubators & Accelerators 2026 ranking on August 18, 2026, and Boston-based MassChallenge landed at No. 2 nationally. The list, researched with Statista, evaluated the top 80 programs in the United States across three dimensions: alumni feedback, measurable track record and expert endorsements. I used to tell founders that any accelerator…

Read More

Exclusive | Accused casino stabber to undergo psych evaluation after allegedly slashing 5 coworkers

Exclusive | Accused casino stabber to undergo psych evaluation after allegedly slashing 5 coworkers

The casino employee accused of slashing five of his coworkers at a California resort plead not guilty to attempted murder charges and will undergo a psychiatric evaluation following the bloody rampage. A lawyer for Joseph Naugle, 22, requested the mental-health review in a Placer County courtroom Wednesday as the accused slasher faces several charges in the alleged…

Read More

SBA 7a Loan Cap Doubles, But Few Founders Qualify

SBA 7a Loan Cap Doubles, But Few Founders Qualify

The Small Business Administration doubled its combined lending ceiling effective July 4, 2026, and the change is smaller than the headline suggests. Qualified borrowers can now take an SBA 7a loan of up to $5 million and then layer a 504 loan of up to $5 million on top, reaching $10 million in total SBA-backed…

Read More

How to Start a Business With AI: What Founders Plan

How to Start a Business With AI: What Founders Plan

Most aspiring American founders now assume artificial intelligence will be part of their launch, according to survey results published on August 20, 2026 and commissioned by Intuit QuickBooks. Sixty-five percent of aspiring US business owners said they are likely to use AI to help launch a venture this year, and only 16% ruled the tools…

Read More

Defense Tech Startups Draw $800M as Castelion Leads

Defense Tech Startups Draw 0M as Castelion Leads

Defense tech startups claimed the largest US venture check of the week, according to Crunchbase’s August 21 roundup, which tracked deals announced between August 15 and August 21, 2026. Castelion, based in Torrance, California, closed a Series C worth $800 million in equity plus $250 million in debt. JPMorgan Chase, Andreessen Horowitz and Carlyle led…

Read More