WASHINGTON (Reuters) -Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden’s jobs and infrastructure plan, according to a new analysis by the White House on Friday.FILE PHOTO: U.S. President Joe Biden holds first Cabinet meeting at the White House in Washington, U.S., […]
FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela/File PhotoWASHINGTON (Reuters) – U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the […]
FILE PHOTO: The logo of Toshiba Corp at the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru HanaiTOKYO (Reuters) – Japan’s Toshiba Corp forecast on Friday a hefty 63% rise in annual operating profit after pandemic-induced pain in the last year and as restructuring measures bear fruit. The conglomerate, under much scrutiny amid calls […]
Billionaire Elon Musk has stepped up his attack on bitcoin, posting a string of critical tweets yesterday which sent prices crashing. Taking to Twitter, the 49-year-old Tesla CEO shared a graph which showed bitcoin’s electricity usage had soared during 2021. “Energy usage trend over past few months is insane,” he posted. In a previous tweet, […]
By Brooks Barnes Lower programming costs at traditional television networks and improved results at Hulu and ESPN+ contributed to $912 million in quarterly profit at the Walt Disney Company, a result that was dramatically better than Wall Street analysts had predicted. But growth at Disney’s flagship streaming service fell short of expectations, and Disney’s theme […]
MILAN — Double-digit sales growth in Asia and in America, as well as cost-cutting strategies, enabled Aeffe, the parent company of Alberta Ferretti, Moschino, Philosophy di Lorenzo Serafini and Pollini, to report improved results on Thursday. In the first quarter ended March 31, Aeffe’s earnings before interest, taxes, depreciation and amortization increased 64 percent to 14.1 […]
NEW YORK — Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for COVID-19. The jobs pay at least $15 an hour and are for delivery drivers and warehouse workers, who pack and ship online orders. […]
House price growth is accelerating as sellers pull back from the market despite demand remaining buoyant, according to a new report. A monthly survey by the Royal Institution for Chartered Surveyors (RICS) said a net balance of 75% of property professionals saw prices increasing rather than decreasing. The measure is at its highest level since […]
SYDNEY (Reuters) – Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, […]
LONDON (Reuters) – India’s devastating COVID-19 crisis is making investors question more than ever whether after years of debt accumulation and patchy progress on reforms, a country touted as a future economic superpower still deserves its ‘investment grade’ status.FILE PHOTO: A bank employee maintains order as customers wait in lines to enter a bank during […]