Business

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and […]

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U.S stocks fell to session lows in a swift fashion on Thursday after a report that President Joe Biden is slated to propose much higher capital gains taxes for the rich, CNBC reported. The S&P […]

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Weekly unemployment claims fell to a new pandemic-era low for a second week, suggesting the labor market’s recovery is picking up steam and that the April employment report could be strong, CNBC writes. First-time claims […]

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Dogecoin started out as a joke – but now it’s a top 10 digital currency worth $40 billion, CNBC writes. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. […]

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U.S. stocks rose again on Friday as the market’s record run carried on amid strong earnings from blue-chip companies as well as solid data signaling a snapback in the economy, CNBC reports. The Dow Jones […]

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Amazon needs to do better at taking care of its employees, Jeff Bezos said on Thursday in his final letter to shareholders as chief executive officer of the online retail giant, Reuters reported. Bezos’ comments […]

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U.S. retail sales rose by the most in 10 months in March as Americans received additional pandemic relief checks from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth […]

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Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the Bureau of Prisons said. He was 82. […]

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U.S. consumer prices increased by the most in more than 8-1/2 years in March and underlying inflation picked up as more parts of the economy reopened thanks to increased vaccinations and massive fiscal stimulus, Reuters […]

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China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years, Reuters […]

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Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows, Reuters informed. Federal Reserve Chair […]

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Roughly 500 ballots submitted in Amazon.com Inc’s landmark union election have been challenged in a contest that will determine whether an Alabama warehouse becomes the online retailer’s first organized workplace in the United States, people […]

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The Democratic chair of the U.S. Senate Banking Committee has written to several large banks, including Credit Suisse and Japan’s Nomura, asking them for information on their relationship with New York-based Archegos Capital Management after […]

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U.S. stock index futures inched higher early Wednesday, after the major averages finished Tuesday’s session in the red, CNBC informed. Futures contracts tied to the Dow Jones Industrial Average gained 25 points, or 0.08%. S&P […]

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The Saudi Social Development Bank (SDB) signed several cooperation agreements with technology companies to help family businesses join the country’s booming e-commerce sector, Arab News reported. The agreements, which were signed in Riyadh, will help […]

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Finance officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF’s emergency reserves on Wednesday and extend a freeze on debt payments as part of an […]

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Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while currency and bond markets paused for breath after a month of rapid gains in the […]

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U.S. Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate to end a “30-year race to the bottom on corporate tax […]

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President Joe Biden on Monday defended his proposal to increase corporate taxes to help pay for a big boost in U.S. infrastructure spending, saying he is not at all worried the tax hike would harm […]

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The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation of a solid economic rebound from […]

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