Topline The stock market surged higher on Wednesday after the Federal Reserve raised interest rates by 0.5% in a move widely-anticipated by investors, as the central bank continues on its path of aggressive monetary policy tightening in a bid to combat surging inflation. Key Facts Stocks moved higher following the Federal Reserve’s announcement: The Dow
Month: May 2022
David Morse of the Coalition for a Prosperous America and Martin A. Sullivan of Tax Notes discuss what the United States’ tax response to Russia’s invasion of Ukraine should be. This transcript has been edited for length and clarity. Watch the shortened video here. For the full interview, watch the video below. Robert Goulder: Hello
Dubai’s residential and ultra-luxury markets have continued their upward trajectory in 2022, with demand from international buyers resulting in high competition and several record-breaking sales. Driven Properties in Dubai is a leader in the luxury and ultra-luxury market. Founder and CEO Abdullah Alajaji recently sat down to discuss 2022 market dynamics and what’s driving the
In this article F Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared with a year ago, notably narrowing its losses
In this article UBER Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering
In this article MRNA UBER EAT GNRC TUP LYFT Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International
In 2014, I walked away from my $35,000-per-year job in insurance sales to grow my e-commerce side hustle with my husband Chris. We had been experimenting with selling clothes and accessories on online marketplaces, including eBay and Facebook. Our online community of friends and customers quickly grew from a few hundred members to over 10,000
JohnnyGreig | E+ | Getty Images When stocks gyrate, stock investors invariably hear this advice: “Stay the course.” In other words, don’t sell in a gut reaction; stick to your financial plan. This counsel generally makes sense for long-term investors. Stocks are likely to recoup losses by the time owners need the money many years
Reading the fine print or understanding available offers means you could be saving money or taking advantage of refunds or freebies that you might not have otherwise known about, like a brand-new pair of Nike sneakers. That’s the kind of attention to detail that can lead to some surprising upsides, according to Erika Kullberg, lawyer
It’s hard to look at the spectacle but curiously hard to look away too. In some ways, it can make you feel lucky that you’re not among the rich and famous. Do they have tax problem, too? Surprisingly, there are some big tax issues at play that might be creeping up on the once smitten
The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors’ latest quarterly report. Seventy percent of 185 measured metros experienced such price gains, up from 66% in the preceding quarter. These increases come as median single-family existing-home prices rose at a
Loading chart… ZIM Integrated Shipping Services Ltd: “I think the dividend is too good to be true.” Loading chart… US Silica Holdings Inc: “Don’t overstay your welcome.” Loading chart… Upstart Holdings Inc: “The shorts will not let the stock lift.” Loading chart… AT&T Inc: “I think you let the stock go for a couple of
In this article SBUX A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported quarterly revenue that topped analysts’ expectations as U.S. sales growth offset sharp declines in China. Shares rose less than 1%
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market,
Peter Dazeley | The Image Bank | Getty Images The pandemic-era trend known as the “Great Resignation” is still red-hot, as workers enjoy the perks of record-high demand for their labor. However, economic headwinds mean those benefits may not last much longer, according to economists. A record 4.5 million workers quit their jobs in March,
Beth Viola and Nicole Elliott of Holland & Knight LLPdiscuss the latest clean energy tax proposals and the likelihood of their passage in Congress. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: clean energy
As home buyers explore ways to up their odds of success in the face of intensifying cost pressures, new research indicates that interest in relocating is on the rise. In the first quarter of 2022, 40.5% of prospective buyers on Realtor.com viewed home listings outside of their current state, compared to 36.4% in 2021 and
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters
In this article LYFT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.11% higher, and Nasdaq 100 futures rose