The tax treatment of U.S. businesses is a complicated and onerous process for tax preparers, revenue officials, and business owners alike. The tax system treats businesses differently based on their legal form, produces economic distortions, taxes income multiple times, and creates complexity and uncertainty for taxpayers. Even though business taxation has changed in the last
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In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Chairman and former CEO Howard Schultz Jason Redmond | AFP | Getty Images Sen. Bernie Sanders is making good on his threat of a subpoena for Starbucks CEO Howard Schultz on what Sanders has called union-busting activity at the company’s coffee shops. Sanders said
In this article NCLH Follow your favorite stocksCREATE FREE ACCOUNT A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider
A grocery cart sits in an aisle at a grocery store in Washington, DC, on February 15, 2023. Stefani Reynolds | AFP | Getty Images It was a year ago this month that the Federal Reserve launched its first attack against inflation that had been percolating in the U.S. economy for at least the previous
Ben Kirkhoff, a high school senior at Cretin-Derham Hall in St. Paul, Minnesota, knows that a four-year college degree isn’t for him. Even though his parents have a college savings account for him, he said money is still a factor. “I don’t want to put myself and my family in a lot of debt.” Instead, Kirkhoff,
Hundreds of anti-Netanyahu protesters gathered on Wednesday outside a hair salon after the prime minister’s wife, Sara, was spotted at a hair salon nearby. Picture Alliance | Picture Alliance | Getty Images New concerns about Israel’s economy are leading global investors to question the money they have in the country. Massive protests have intensified in
West Virginia’s long road to tax relief was beginning to feel older than the trees, but after many years of efforts, the state’s lawmakers are finally taking home a win. Under an agreement reached over the weekend and pending final action in the House, lawmakers and Gov. Jim Justice (R) reached a deal that will
Oddity Il Makiage Coutesy: Oddity Oddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that’s increasingly risky for purely digital retailers. The Tel Aviv-founded company looks like it could even be preparing for an initial public offering, despite
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates
In this article PLUG SPLK CELH BOX PSTG AEO OKTA SNOW CRM Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians near Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares popped more than 16%
U.S. Solicitor General Elizabeth Prelogar Artist: Bill Hennessey The government’s top Supreme Court lawyer may have saved President Joe Biden‘s $400 billion student loan forgiveness plan from what experts considered all but certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of the nine justices
March 1, 2023: U.K. house prices saw their sharpest annual decline since 2012 in February, according to Nationwide. Christopher Furlong | Getty Images News | Getty Images LONDON — U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and the sharpest contraction since November 2012, according to a
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines pilots picket for a new contract at Terminal 4 in JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images Delta Air Lines pilots on Wednesday approved a new contract that includes
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In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022 — and made progress on the Neutron
In this article AMC MNST SPOT Follow your favorite stocksCREATE FREE ACCOUNT Monster Beverage Corp. drinks. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Rivian — Shares of the electric vehicle maker tumbled more than 9% after the company posted mixed fourth-quarter results and an underwhelming
Goc | Istock | Getty Images Scammers are making more money per episode of fraud, new government data suggests. While the number of fraud reports recorded through the Federal Trade Commission’s database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 billion. That’s up 44% from
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT An increased number of mannequins feature clothing and shoes throughout the remodeled Target store in Orange, California. Jeff Gritchen | MediaNews Group | Getty Images NEW YORK — As Target sees growth slowing in sales and customer traffic, the company said Tuesday it will spend
In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic said on Tuesday it remains on track to resume spaceflights in the coming months after completing upgrades to