California city's universal basic income test: What to know

Newark looks to test universal basic income Reason.com managing editor Peter Suderman on how New Jersey’s largest city plans to test a universal basic income program. Some residents in Stockton, California, are being given a free stipend to live on as part of a universal basic income experiment. Continue Reading Below Universal basic income (UBI) is a modern welfare scheme […]

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Morgan Stanley Shares Rise After Q1 Profit Beats Estimates

Morgan Stanley (MS) reported first-quarter earnings that surpassed the analysts’ estimates. Shares of the company were up more than 2 percent in premarket trade. The bank reported earnings of $1.39 per share compared with $1.45 per share a year ago. Total earnings declined 9 percent year-over-year to $2.34 billion. During the quarter, it recorded certain tax benefits of $101 million, […]

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Morgan Stanley Reveals Decline In Q1 Bottom Line

Morgan Stanley (MS) reported earnings for first quarter that fell from last year. The company’s profit came in at $2.43 billion, or $1.39 per share. This compares with $2.67 billion, or $1.45 per share, in last year’s first quarter. Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude […]

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Palestinian PM accuses U.S. of ‘financial war’ and rejects peace plan in first interview with international press

The new Palestinian prime minister on Tuesday accused the United States of declaring “financial war” on his people and said an American peace plan purported to be in the works will be “born dead.” In his first interview with international media since taking office over the weekend, Mohammad Shtayyeh laid out plans to get through the financial crisis he has […]

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Google asked 5,600 employees about how they work and found that its happiest, most productive teams do 3 things differently

Veronica Gilrane, the manager of Google’s People Innovation Lab, wanted to learn more about the productivity and effectiveness of Google’s distributed team model. Over the course of two years, Gilrane surveyed 5,600 Google employees and held focus groups with about 100. She published her findings on the Google blog. Many recommendations come down to creating a better virtual meeting culture. […]

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Want to get out of taxes? Just make $79B

While millions of Americans had to cut Uncle Sam a check this year to pay their tax bill, 60 of the Fortune 500 companies paid zero taxes on their revenue, a new report finds. In 2018, 60 of America’s biggest corporations zeroed out their federal income taxes on $79 billion in US pretax income. Instead of paying $16.4 billion in […]

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Blackrock Inc. Q1 adjusted earnings Beat Estimates

Blackrock Inc. (BLK) revealed a profit for first quarter that decreased from the same period last year. The company’s profit totaled $1.05 billion, or $6.61 per share. This compares with $1.09 billion, or $6.68 per share, in last year’s first quarter. Excluding items, Blackrock Inc. reported adjusted earnings of $1.05 billion or $6.61 per share for the period. Analysts had […]

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