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Boeing starts furloughing tens of thousands of employees amid machinist strike

Business
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024.  M. Scott Brauer | Bloomberg | Getty Images Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing
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Bob Stack Unpacks US Challenges in Global Tax

Taxes
Skip to content September 17, 2024By: Kyle Hulehan, Dan Carvajal What are the key challenges facing global taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy today? Bob Stack, an international tax expert,
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Alaska-Hawaiian merger clears DOT review, but airlines must preserve miles, routes

Business
In this article ALK HA Follow your favorite stocksCREATE FREE ACCOUNT Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024.  Hasan Akbas | Anadolu | Getty Images Alaska Airlines and Hawaiian Airlines can go through with their planned merger,
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Your inherited individual retirement account could trigger a ‘tax bomb,’ advisor says. How to avoid it

Personal finance
Greg Hinsdale | The Image Bank | Getty Images If you’ve inherited a pretax individual retirement account since 2020, you could face a sizable tax bill without proper planning, experts say.  Previously, heirs could take inherited IRA withdrawals over their lifetime, known as the “stretch IRA.” However, the Secure Act of 2019 enacted the “10-year
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Statutory vs. Effective Tax Rates: Why Do Higher Taxes Not Necessarily Lead to Increased Revenues?

Taxes
Laffer Curve: Statutory vs. Effective Tax Rates in Europe Skip to content Table of Contents Key Findings The gap between statutory rates and average effective taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
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SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says

Business
A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian Airlines PARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week’s United Airlines deal, a company director said Tuesday. “Very excited that we have about 2,500 aircraft under contract now, bringing what was effectively a startup to now what we
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China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows

Wealth
Staff members counting RMB cash deposited by customers in China’s Nantong city. Cfoto | Future Publishing | Getty Images The world’s super rich club expanded significantly over the past 10 years, with China leading the charge, according to the latest report from New World Wealth and investment migration advisor Henley & Partners. The number of centimillionaires
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Teens are losing faith in college, giving rise to interest in the skilled trades

Personal finance
Luminola | E+ | Getty Images Four years after the Covid pandemic began, there are more than 900,000 fewer undergraduates enrolled in college. The overall rate of high school graduates choosing to enroll in college held steady in 2023, compared to a year earlier, according to a recent report from the National Student Clearinghouse Research Center — which Doug
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