Canada is planning to join the club of countries that, in the past 3 years, introduced a digital services tax (DST) despite U.S. opposition and concerns expressed by Canadian businesses. The country first announced plans for a digital services tax in the 2021 budget, before putting it on pause to see how the OECD global tax
Getty Images No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and Harveys Supermarket locations across the Southern U.S. As part of the deal, it would take over operations of the stores, which are in
A CVS pharmacy in Bloomsburg, Pennsylvania. Paul Weaver | LightRocket | Getty Images Check out the companies making headlines during midday trading Thursday. Cisco Systems — Shares of the computer networking giant added 4% after reporting earnings postmarket Wednesday that beat Wall Street’s expectations. Adjusted earnings per share for its fiscal fourth quarter came in
Even billionaires kick themselves for passing on investment opportunities that turned out to be incredibly lucrative. In Mark Cuban’s case, he regrets not investing in Uber. He was offered the chance to invest at a $10 million valuation by Uber co-founder Travis Kalanick in 2009, and turned it down — because he thought the ridesharing
Moyo Studio | E+ | Getty Images Social Security benefits provide retirement income for millions of Americans. Because the timing of your claim may impact the size of the benefits you receive, it’s a high-stakes decision. And the results may also affect your spouse or dependents. But sifting through Social Security’s claiming rules may make
Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location,
In this article OUST LAZR INVZ OUST LAZR INVZ Follow your favorite stocksCREATE FREE ACCOUNT A lidar sensor from Hesai company on top of a vehicle in Shenzhen, China on Jul. 10 2022. Jade Gao | AFP | Getty Images For investors in lidar startups, this has been a long time coming. After years of
Tencent sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters BEIJING — Corporate earnings releases are picking up on a few bright spots for China’s consumer in a competitive market where people are less willing to open their wallets. JD.com, Tencent and Alibaba this
It is difficult to coordinate an international agreement on tax policy. Just ask the Organisation for Economic Co-operation and Development (OECD) how smoothly things have gone with the global tax deal. While implementation of the global minimum tax (Pillar Two) is moving forward in dozens of countries, there is much less tangible success when it
In this article CMG MCD WEN PZZA Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. Some chains said their higher menu prices alienated
In this article KEYS EL XPEV 9868-HK NVDA ROST BLBD STRA Follow your favorite stocksCREATE FREE ACCOUNT XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. Check out the companies making headlines in midday trading. Strategic Education — The education stock advanced 3% following an upgrade to buy from neutral
Peopleimages | Istock | Getty Images After a series of interest rate hikes, investors have more competitive options for cash. Whether you’re saving for a short-term goal or increasing your emergency fund, you should consider reaping the benefits of more generous returns. “This is a very good time to take advantage of the higher savings
Ascentxmedia | Istock | Getty Images Social Security beneficiaries may get a much lower cost-of-living adjustment in 2024 as inflation subsides. But with two months before the COLA for next year is officially announced, there’s one unusual factor that may push the adjustment higher: hurricanes. The Social Security COLA for 2024 may be 3%, The
Ben Rains explores where the stock market sits amid the August pullback. The selling doesn’t feel great in the moment, but the downturn was needed to help cool things off. The drop also offers investors opportunities to buy into great stocks at attractive levels. The two Zacks Rank #1 (Strong Buy) stocks we look at
In this article GM F STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. Michael Wayland / CNBC DETROIT – The Oracle of Omaha is cutting exposure to the U.S. automotive industry amid union negotiations — potentially for good
In this article NIO AMAT EL Follow your favorite stocksCREATE FREE ACCOUNT American multinational skincare and beauty products brand Estée Lauder’s logo seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines before the bell Friday. Palo Alto Networks — Shares of the cybersecurity company edged 1.8% lower
Thanks to “tipflation,” a 20% gratuity isn’t what it used to be. With more opportunities to tip and pre-determined point-of-sale options that now range from 15% to 35% for each transaction, tip expectations are growing, whether consumers like it or not. And most don’t: Two-thirds of Americans have a negative view about tipping, according to
This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more about taxes with TaxEDU. Economists typically frame the impact of fiscal, monetary, and tax policies by talking about three main economic indicators: GDP, jobs, and wages. It’s easy to
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In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Timothee Chalamet stars in Warner Bros.’ “Dune.” Warner Bros. LOS ANGELES – Warner Bros. has a sandworm-sized dilemma on its hands: Keep the fall release date for its highly anticipated “Dune: Part Two” and risk not having its star-studded cast promote it – or bump