OPINION: The first thing that needs to be said about this, or any other Budget, is that they have long since ceased to be the be-all and end-all of politics. The parliamentary rituals remain the same but the context and significance donot. There is still an expectation of major new policy initiatives as the central purpose of the Budget when […]
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At least 22 Republican-led states are pulling out of federal unemployment programs early. Four — Arizona, Montana, New Hampshire and Oklahoma — are paying a return-to-work bonus. The one-time bonuses, which come with a few caveats, range from $500 to $2,000. States are trying to incentivize unemployed residents to accept jobs. Some economists think it's a gamble to cut off […]
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Elon Musk announces suspension of Bitcoin Tesla purchases When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Cunning fraudsters posed as celebrities […]
Read morehoto Illustration by Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty Images Wall Street Bets traders claim to be pouring thousands of dollars into a company called UWM Holdings. Shares of the mortage lender are "undervalued and over shorted," one Redditor told Insider. Social media sentiment around the stock is largely positive, Hype Equity data show. See more stories on Insider's business […]
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Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, on Friday approved a takeover by hedge fund Alden Global Capital. Alden, which already owned one-third of Tribune, now takes full control of the Chicago Tribune, Baltimore Sun and other Tribune papers in a deal worth roughly $630 million. Through its Digital First Media chain, Alden also owns The […]
Read moreAndrew Harnik/AP The top 50 biggest companies by market capitalization paid an effective tax rate of 17.4% in 2020, according to a new study. That's less than half of the 35.5% effective tax rate they paid in 1990. The top 50 corporate giants of the world now represent nearly 30% of global GDP. Sign up here for our daily newsletter, […]
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Virgin Galactic soared this week ahead of its next test flight. The stock took off on Thursday after the company announced a spaceflight test targeted for Saturday. The company aims for commercial space travel next year. But, for Gradient Investments President Michael Binger, the stock still looks too risky to jump in. "This is clearly a concept stock. Analysts aren't […]
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If you buy through our links, we may earn money from affiliate partners. Learn more. Amazon Prime Day 2021, one of the largest shopping events of the year, is fast approaching. According to reports from Recode and some Amazon merchants, the annual deal holiday will land sometime in June or July. For those who are unfamiliar, Amazon Prime Day is […]
Read moreEvan Vucci/Associated Press SEC Chairman Gary Gensler said that the SEC and FINRA have to be prepared to fight crypto cases. At the annual FINRA conference, Gensler said tighter regulations would help protect investors. Earlier this year, SEC "crypto mom" Hester Peirce presented a safe-harbor policy to ease regulatory pressures on crypto firms. Sign up here for our daily newsletter, […]
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