Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in
Month: April 2021
Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached. World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract
In this article CSGH Narisara Nami | Moment | Getty Images Young investors are piling into stocks. Yet before you follow their lead, there are several things you should do first. Otherwise, you could get burned. “Sometimes the shiny object or the stock that is being flashed around the screen or talked about on Twitter
A new Singapore-inspired tax law will reduce corporate income tax and boost foreign investment in the Philippines, finance secretary Carlos Dominguez told CNBC, as the country moves to speed up its economic recovery. The Philippines’ so-called corporate recovery and tax incentives for enterprises (CREATE) act, which was signed into law last month, aims to provide
Some people look at India’s equalization levy and don’t like what they see. The aversion could stem from the details of the tax, or from Western discomfort with the fact that a prominent market economy has chosen not to sit on its hands while the OECD fiddles with a coordinated response to the challenges of the digital
Let’s say you have $40 million to spend on a new home. A French Normandy-style estate on 27 acres beside a pristine lake in Greenwich, Connecticut would certainly fill the bill. Situated atop a hill to take advantage of the south-facing meadow and lake views, the house named Topping Hill is set back 600 feet
In this article HWIN Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC The mysterious $100 million company that owns only a single New Jersey deli on Monday killed a consulting agreement that had paid a firm controlled by the father of the deli company chairman $15,000 per month, a financial filing revealed. The move by
In this article TSLA Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by
Traders on the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Monday as investors braced for another batch of corporate earnings. Futures on the Dow Jones Industrial Average and S&P 500 futures were little changed. Nasdaq 100 futures inched up 0.1%. Shares of Tesla fell 2.5% in extended trading
A woman looks at a Basquiat painting titled “In This Case” that is coming up for auction at Christies, with an estimate of over $50 million. Source: Christie’s In a sign that the art market is flush with cash, a rare painting by Jean-Michel Basquiat is being auctioned off by Christie’s with an estimate of
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was
President Joe Biden and First lady Jill Biden walk on the Ellipse near the White House on April 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Roughly 75% of U.S. stock investors wouldn’t be subject to an increase in the capital-gains tax rate due to the types of accounts they own, according
As the U.S. economy recovers from the disruption and damage of Covid-19, the Internal Revenue Service is struggling through a filing season unlike any other in history. The agency is under tremendous strain thanks to the enormous extra burden associated with sending out three rounds of stimulus checks; coping with other pandemic-related changes to the
Topline National Economic Council director Brian Deese on Monday defended President Biden’s proposal to nearly double the tax rate on long term capital gains and qualified dividends received by investors earning more than $1 million annually, emphasizing that only a small fraction of American households would see their tax treatment change if the plan were
Shane Dulgeroff had big plans for his four-bedroom, two-bathroom house just outside of Los Angeles. Seeking to cash in on latest crypto craze—NFTs, an acronym for nonfungible tokens—he listed the home for auction earlier month by attaching it to a piece of Kii Arens digital artwork and putting the bottom price for the pair at
People wear face masks in Central Park on April 10, 2021 in New York City. Noam Galai | Getty Images WASHINGTON — The Biden administration is slated to relax federal public health guidance on wearing masks outdoors as soon as this week, a source familiar with the plans told NBC News. The announcement, which may come
The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks. He lists the Federal Reserve’s high level of comfortableness surrounding rising inflation, the massive amount
In this article IRSA3-AR Audrey Saracco / EyeEm If you’re still waiting on your $1,400 stimulus check, it could be in the mail. The government announced last week it had sent a sixth batch of stimulus checks. This time, that included more paper checks than direct deposit payments. Of the 2 million checks that were
For several decades, parents have had the option of saving for college through 529 plans. Although Section 529 of the Internal Revenue Code didn’t appear until 1996, the first such plan is generally recognized as the Michigan Education Trust, which began in 1986. While based in part on Federal tax law, each state must sponsor
The IRS struggles mightily to balance two goals: It desperately wants to encourage taxpayers to file their tax returns electronically rather than on paper. And it must protect filers against identify theft and other forms of fraud. The problem: The agency’s security processes are preventing millions of people from filing electronically and are slowing refunds.
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