“No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said Thursday. The plans, previously outlined in the president’s 2024 budget, reignited a decades-old debate over how best to account for the wealth of the world’s richest. The issue has taken on fresh significance this year, however, as governments … Read more
Saudi Arabia expects a fresh injection of private capital into its local football clubs as it works to open up to investors. “We expect to have another wave of privatization coming up soon,” Vice Minister of Sport Bader Alkadi said at Bloomberg Power Players Jeddah, powered by Asharq. “That gives us opportunity to make the … Read more
Singapore defends a deal that ensured Taylor Swift wouldn’t perform in neighboring countries. Ashok Kumar/tas24 | Getty Images Entertainment | Getty Images Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras … Read more
Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission. The Hangzhou-based e-commerce pioneer said in filingsBloomberg Terminal in the US and Hong Kong over the weekend that more than a dozen of its entities are … Read more
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Traders work frantically on the floor of the New York Stock Exchange on “Black Monday” in 1987, one of several significant crashes to happen in October. That history – and a fair dash of folklore – has led many investors to approach the month with caution. Photo / Peter Morgan, AP OPINION In the labyrinthine … Read more
Stock Market Today: Dow, S&P Live Updates for February 9 Bloomberg Source link
The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits. Bonds fell. The equity market continued to show resilience near its all-time highs, with the S&P 500 topping 4,900. The tech-heavy Nasdaq 100 climbed 1% thanks to bullish outlooks from … Read more
Australia’s wealthiest are set to lose out as the government tweaks tax changes to help low- and middle-income earners struggling with soaring living costs. The biggest losers under Prime Minister Anthony Albanese’s new policy will be Australians earning over A$190,000 ($125,000). While they will still receive a tax cut, it will only be about half … Read more
“Most people book on weekends, and therefore the drop seems more significant because ideally [bookings] should have gone up,” he told CNBC Travel. Travel bookings to the Maldives tumbled following a diplomatic row that erupted last week after a series of posts appeared on X, formerly known as Twitter, on India Prime Minister Narendra Modi’s … Read more
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands per employee, the employee retention tax credit, or … Read more