Why Biden’s Tax Plans May Be Out of the Table
President Joe Biden’s campaign promise of raising corporate taxes may be out of the table given the opposition of lawmakers, even including Democrats, Bloomberg reported. Among the biggest voices against...
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Hertz Orders 100,000 Tesla Units, Aims Biggest Rental Fleet in North America
American car rental firm Hertz Corp. is set to order an initial 100,000 units from Tesla Inc. as it seeks to have the biggest electric vehicle rental fleet in North...
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HSBC to Invest $2 Billion in Share Buyback as Q3 Profit Soar 74%
HSBC posted a $2 billion share buyback and a 74% surge in third-quarter profit, signaling a bullish economic outlook, according to a report by FT on Monday. Earnings received a...
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Walmart is Partnering with Coinstar to Bring 200 Bitcoin Kiosks To Its Stores
Walmart Inc. has commented on a testing program whereby shoppers can buy Bitcoin at Coinstar kiosks in some of its U.S. stores, according to a report by Bloomberg on Friday....
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Oil Prices Down as Traders Focus on US Inventories
Oil prices slipped from seven-year highs as traders took into consideration the drop in American inventories, Bloomberg reported. Futures in New York slipped by 1.2%, down from the seven-year high...
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China’s Evergrande Slumps Nearly 14% After Collapse of $2.6bln Sale of Property Services Unit
Shares of China’s Evergrande slumped nearly 14% on the Hong Kong bourse on Thursday after shares resumed trading, according to a report by Markets Insider on Thursday. Investors disposed of...
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Morgan Stanley Is Optimistic SpaceX Can Make Musk the First World’s Trillionaire
Morgan Stanley Analyst Adam Jones believes Elon Musk could hit the trillionaire mark from his SpaceX space exploration company, according to The Guardian. Jones believes that SpaceX may become the...
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Chinese Officials Reassure Property Debt Crisis Was “Controllable,” Some Bonds Bounces Back
Chinese officials reassure investors and homeowners that the property sector crisis was controllable, according to a report by Reuters on Wednesday. Concerns that a liquidity crisis at China Evergrande Group...
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EU Electricity Prices Rise in the First Half-Year as Gas Prices Drop Marginally
EU Household electricity prices increased to €21.9 per 100 kWh in the first half of 2021, from €21.3 per 100kWh in the prior year, according to Eurostat. Gas prices dropped...
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Evergrande Group Stake Sell Stalled – Sources
Chinese property giant China Evergrande Group’s transaction to let go of a controlling stake in its property services unit has been stalled. Sources close to the matter said in a...
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Facebook to Boost EU Workforce by 10,000 as Part of Metaverse Efforts
Social media giant Facebook Inc. is set to boost its workforce in the European Union by 10,000 in the next five years in a bid to establish the “metaverse,” CNBC...
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Richest 10% of Americans Own Nearly 89% of All US Stocks
The top 10% of Americans own 89% of all US stocks, a record-high that signals the role of the stock market in growing inequality, according to a report by CNBC...
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