U.S. Navy ship fires warning shots after close encounter with Iranian vessels
A U.S. military ship fired warning shots after three vessels from Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) came close to it and another American patrol boat in the Gulf, the United States military said on Tuesday. Such incidents have occurred occasionally over the past five years, though there has been a relative lull over […]
White House says capital gains tax would hit 0.3% of taxpayers
President Joe Biden’s forthcoming capital gains tax hike proposal would affect only a 0.3% slice of U.S. taxpayers, a top economic aide said on Monday. Biden is set this week to propose nearly doubling taxes on capital gains to 39.6% for people earning more than $1 million, Reuters has reported, in what would be the […]
Nets’ Durant, Jazz’s Conley win Oscar for short film
Brooklyn Nets forward Kevin Durant and Utah Jazz guard Mike Conley Jr. were part of a group of executive producers awarded an Oscar for the film “Two Distant Strangers” on Sunday.
U.S. to share up to 60 mln AstraZeneca vaccine doses globally -White House
The United States will start to share up to 60 million doses of AstraZeneca Plc’s (AZN.L) COVID-19 vaccine doses with other countries as they become available, White House senior COVID-19 adviser Andy Slavitt said on Monday. “U.S. to release 60 million AstraZeneca doses to other countries as they become available,” he wrote on Twitter. The Associated Press […]
Explainer: What do Apple’s new iPhone privacy changes mean for consumers and businesses?
Apple Inc (AAPL.O) on Monday will begin rolling out an update of its iOS operating system with new privacy controls designed to limit digital advertisers from tracking iPhone users. For Apple’s more than 1 billion iPhone users, the change will mean a new pop-up notification in some apps seeking their permission to collect data that Apple believes […]
Starbucks set to brew record second-quarter revenue as vaccinations rise
After a year of declining sales, Starbucks Corp (SBUX.O) on Tuesday is expected to report record second-quarter revenue of over $6.8 billion, as speedy vaccinations in the United States and China make customers more comfortable with returning to their morning coffee runs. The world’s largest coffee chain was plagued in 2020 by falling store traffic, as rising […]
Analysis: As small-cap stocks lag, Wall Street worries about broad slowdown
An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic. “The easy money has been made for small caps and for […]
Exxon retreated from oil trading in pandemic as rivals made fortunes
Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar with the matter told Reuters. The cuts left Exxon traders without the capital they needed to take full advantage of […]
Wall Street edges higher on Tesla boost ahead of big tech earnings
Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies. Tesla Inc (TSLA.O) rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the […]
As U.S. capital gains tax hike looms, wealthy look for ways to soften the blow
Wealth advisers are counseling clients to max out their retirement accounts, park gains in tax-deferred opportunity zone funds and even sell some assets to avoid being clobbered by a potential U.S. capital gains tax hike. The White House will this week propose nearly doubling taxes on capital gains to 39.6% for people earning more than […]
