World’s Richest Man Backs Higher Taxes For American Firms
Amazon Founder and CEO Jeff Bezos has issued a statement of support for President Joe Biden's $2 trillion infrastructure plan that includes increasing the corporate tax rate, according to SeekingAlpha....
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Treasury’s Yellen Calls For Global Minimum Corporate Tax Rate
U.S. Treasury Secretary Janet Yellen on Monday called for international cooperation for a global minimum corporate tax rate, according to the WSJ. Yellen said competitiveness is about more than how...
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Celebrity Investor Says U.S. Should Extremely Aggressive To Level Playing Field With China
Celebrity investor Kevin O'Leary said the United States should be "extremely aggressive" to level the economic playing field with China, CNBC reported. O'Leary said the U.S. should make Chinese companies...
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Disney Plus Pulls In Closer To Rival Netflix’s Subscriber Loyalty. Amazon Prime and Hulu to Follow
Disney's streaming service is pulling closer to rival Netflix when it comes to subscriber attitudes and loyalty, according to a report by SeekingAlpha. Hub data shows that 77% of U.S....
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IMF Warns Global Economy ‘Diverging Dangerously’
The global economic outlook has improved overall but prospects are diverging dangerously, according to a BloombergQuint report. International Monetary Fund (IMF) Director Kristalina Georgieva said differences could hold back the...
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Financial Markets Close for Good Friday
Major financial markets are closed for Good Friday despite not being a federal holiday, according to a report. Stock markets including the New York Stock Exchange and Nasdaq will be...
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Coinbase Sets Nasdaq’s First Major Direct Listing on April 14
Cryptocurrency exchange Coinbase will start trading April 14 after the Securities and Exchange Commission approved its direct listing, according to CNBC. Coinbase will be Nasdaq's first major direct listing. The...
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China’s Sinovac Doubles CoronaVac Annual Production Capacity to 2 Million Doses
The Chinese drug company Sinovac Biotech has doubled its annual capacity for the COVID-19 vaccine to 2 billion doses, according to Reuters. The additional capacity comes from its third production...
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Auto Makers Open 2021 With Strong Sales Growth Despite Supply Issues
U.S. vehicle sales jumped 11.3% in the first quarter of 2021 as consumer demand continued amid chip shortages, the WSJ reported. Data from Wards Intelligence indicated that the annualized selling...
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UFC, Miss Universe Owner Files For IPO. Wants Elon Musk As Board Member
Endeavor Group Holdings has filed for an initial public offering with Elon Musk eyed to join its board, according to the company's filing. The entertainment group listed the offering size...
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Family Offices Take Off. Largest Firms Account For $142 Billion In 2020 – UBS Report
Family offices have been gaining traction with some 121 of these representing an estimated net worth of $142.4 billion last year, according to the WSJ. A report by UBS Securities...
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Trump Ban On Temporary Foreign Workers To End Under Biden Leadership
U.S. President Joe Biden is expected to let his predecessor's ban on temporary foreign workers lapse on Wednesday, according to Reuters. Former President Donald Trump banned temporary foreign workers in...
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