Tag: business

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000

He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base pay to $70,000 says wealthy people donating their money...

The 737 Max is no longer Boeing’s biggest problem, after yet another safety grounding

But now Boeing (BA) faces perhaps a more serious long-term problem: the near collapse of the market for widebody passenger jets, which is crucial to...

‘They can’t coerce the states into doing anything:’ Biden does NOT have the power to enforce in-person learning at K-8 schools — here’s why

Over the past few weeks the question of whether the Biden administration will achieve a campaign promise to reopen the majority of schools in its...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

Bill Gates: Texas’ tradeoffs lead to deaths

Gates pushed back on Texas Governor Greg Abbott’s claim that frozen wind turbines were to blame for the massive power failure. Gates said America’s dependence...

IRS chief says agency is having ’15 minutes of fame’ — here’s how he’s hoping to make the most of it

“ I think we’re living in our 15 minutes of fame. And I think we’re living in, for us, a bipartisan environment. ” — Internal...

Apple stock breaks below post-COVID uptrend line after largest shareholders disclose share sales

Shares of Apple Inc. sank to a one-month low Wednesday, and broke below two key chart levels in the process, after the technology behemoth’s two...

Maersk has found a way to clean up shipping but there’s a catch

The world’s largest container shipping company said in a statement on Wednesday that the vessel will operate on methanol produced from renewable sources or sustainable...

Nearly half of MyTheresa customers in the U.S. and Germany spend tens of thousands on luxury goods annually: Cowen

Cowen analysts conducted a survey of customers in the U.S. and Germany who shop on luxury e-commerce site MyTheresa, finding that about 45% typically spend...

Fewer older workers file employee compensation claims in states where marijuana is legalized

In the ongoing debate over marijuana’s full legalization, a new study offers proponents this potential payoff: cheaper workers’ compensation claims for injured workers. In states...

Regulator objects to $9.2 billion sale of eBay arm in the latest move to protect online competition

In the latest move from regulators to protect competition in online marketplaces, the U.K.’s Competition and Markets Authority, or CMA, has objected to the sale...

Europe joins Wall Street’s boom in ‘blank-check’ companies

It’s the monster trend on Wall Street. Now it’s crossed the Atlantic. LVMH MC, -0.34% founder Bernard Arnault and former UniCredit UCG, -0.09% chief Jean-Pierre...

Here’s the main reason Robinhood traders have been able to push stocks higher — and, no, it isn’t by squeezing hedge funds

With the broader stock-market indexes in a bit of a coma this week, the talk of financial markets is still the awakening of retail investors...

Last-minute strategies for lowering your 2020 business tax bill

Although 2020 is history (thankfully), business taxpayers can still take actions that will lower last year’s federal income tax liability and/or federal income tax liabilities...

Did you skip mortgage payments last year? Here’s what that means for your taxes

Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for...

Archer Aviation gets a $1 billion order from United Airlines, on the same day it announces a deal to go public

Archer Aviation Inc. said Wednesday that United Airlines Holdings Inc. placed a $1 billion order for its all-electric vertical take-off and landing aircraft (eVTOL), on...

How to plan a meaningful post-pandemic re-entry

At long last, as the vaccines gradually roll out, maybe the end of the pandemic is in sight and soon the new (revised) normal will...

My sister put our mother in a nursing home, where she died of COVID-19. Should I take legal action against her or the nursing home?

My sisters and I disagree on most things, but never could I have imagined how our relationship would end. My parents put me down as...

These S&P 500 stocks have had the biggest increases in ‘buy’ ratings so far this year

Traders in the stock market can take advantage of special situations to exploit sentiment and momentum and make quick profits — if they are quick...

Individual investors are back — here’s what it means for the stock market

Look who’s back. After a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop Corp. GME, +19.20%...

Ngozi Okonjo-Iweala: Nigerian economist is WTO’s first Black woman leader

Yoo Myung-hee, the South Korean trade minister, announced her decision to withdraw in a televised briefing on Friday. Okonjo-Iweala, an economist and former finance minister...

‘One job is no longer enough to survive’: Dolly Parton’s Super Bowl ad glosses over the reality for millions of gig workers, critics say

Dolly Parton’s “5 to 9” Superbowl ad is just as catchy and upbeat as her original hit song “9 to 5”. But the reality of...

GameStop, AMC stocks close lower as oversight momentum builds, Reddit poster to testify

GameStop Corp. shares closed lower Thursday for their third trading day this week as volatile trading of heavily shorted stocks comes under more federal scrutiny....

Opinion: Code red — here’s what it means for the stock market now that company insiders are selling shares

Now that WallStreetBets’ 15 minutes of fame is over, it’s all clear in the stock market, right? Maybe not. Right before the GameStop GME, -28.41%...