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.
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 […]
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 […]
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 […]
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Canadian Pacific Railway Ltd (CP.TO) on Saturday welcomed the U.S. Surface Transportation Board’s (STB) decision to uphold a 2001 waiver it granted to Kansas City Southern (KSU.N) being applicable to the merger of the two companies. The two companies will proceed with an application under the standards in the STB’s pre-2001 major merger rules, according to a statement by […]
Porsche plans EV battery cells factory in southern Germany
Volkswagen’s (VOWG_p.DE) luxury sports car unit Porsche AG is speeding up its e-mobility drive with plans for a German factory to manufacture battery cells for electric vehicles, its chief executive officer told Frankfurter Allgemeine Sonntagszeitung.
German prosecutors charge more VW managers in emissions scandal
German prosecutors have charged 15 executives from Volkswagen AG (VOWG_p.DE) and a car supplier in connection with the diesel emissions scandal that emerged in 2015, a spokesman for the prosecutor’s office said on Saturday.
Apple to help workers get COVID-19 shots at its offices
Apple Inc (AAPL.O) said on Friday that it is starting a program to help employees get voluntary COVID-19 vaccinations at the iPhone maker’s offices. The company is working with drugstore chain Walgreens Boots Alliance Inc (WBA.O) as its vendor and will open a website for its workers to sign up for appointments, an Apple spokeswoman said. Apple is one […]
Fire extinguished on oil tanker off Syria after suspected drone attack
Syria’s oil ministry said on Saturday that firefighting teams extinguished a fire on an oil tanker off the oil terminal of Baniyas after a suspected drone attack from the direction of Lebanese territorial waters, state media reported.
