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UAE to Join Global Minimum Tax Rate on Multinationals: What It Means for the Business World

UAE to Join Global Minimum Tax Rate on Multinationals: What It Means for the Business World

In a significant move to align with global tax reforms, the United Arab Emirates (UAE) has announced its decision to join the global minimum tax rate on multinationals, a policy

December 10, 2024
US Stocks Hit Record Highs on Corporate News: What’s Driving the Surge?

US Stocks Hit Record Highs on Corporate News: What’s Driving the Surge?

The US stock market has reached new heights, with major indices hitting record highs, largely fueled by positive corporate news that has fueled investor optimism. As the economy shows signs

December 10, 2024
UAE Corporate Tax Credit on ‘High-Value Employment’ to Be Major Incentive for Global Businesses

UAE Corporate Tax Credit on ‘High-Value Employment’ to Be Major Incentive for Global Businesses

In a bid to strengthen its position as a global business hub, the United Arab Emirates (UAE) is introducing a corporate tax credit focused on promoting high-value employment. This new

December 10, 2024
BRICS New Currency Plan and Trump’s Tariff Threat: A Shifting Global Economic Landscape

BRICS New Currency Plan and Trump’s Tariff Threat: A Shifting Global Economic Landscape

The global economic landscape is undergoing significant changes, driven by two major developments: the BRICS nations’ push for a new currency and Donald Trump’s renewed tariff threats. These events signal

December 10, 2024
Household Finance Outlook Soars to 4-Year High After Trump’s Victory, New York Fed Survey Reveals

Household Finance Outlook Soars to 4-Year High After Trump’s Victory, New York Fed Survey Reveals

In a notable shift, household financial optimism in the United States has surged to its highest level since February 2020, according to the latest survey from the Federal Reserve Bank

December 10, 2024

OpenAI Unveils o3 System Capable of Solving Math and Science Problems

OpenAI has officially unveiled its latest innovation, the o3 system, a cutting-edge model designed to tackle complex math and science problems with unprecedented accuracy. The new system, built on advanced reasoning and problem-solving techniques, represents a significant leap forward in...

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Latest Feeds

Sweden’s Volvo Cars shares jump 40% after profit beat, on track for best day ever

Sweden's Volvo Cars on Thursday posted stronger-than-expected third-quarter operating profit, prompting shares to rally by more than 40%.

Published: 47 minutes ago

Tesla reports revenue growth after two down quarters. Why the stock is falling

Tesla has returned to favor on Wall Street after a brutal start to the year.

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EU targets Russian energy with new sanctions — and welcomes Trump’s major policy shift

The European Union's latest package of sanctions targeting Russia includes a ban on Russian liquefied natural gas (LNG) imports.

Published: 2 hours ago

Netflix is trading near levels that could make or break the streaming giant, according to the charts

Frank Cappelleri breaks down the technical outlook on Netflix after the company's Wednesday drop.

Published: 16 hours ago

First rare earths and chips, now quantum computers: Trump reportedly eyes new U.S. stakes

The Trump administration is reportedly in talks with several quantum-computing firms about government taking equity stakes in exchange for funding.

Published: 36 minutes ago

Trump port fees slap shipper with $34 million tariff bill: 'They are showing us the door,' says shocked U.S. freight CEO

Last-minute changes by President Trump's USTR to new port fees have stuck one U.S.-based ocean carrier with an estimated $34 million annual tariff bill.

Published: 10 hours ago

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Published: 10 hours ago

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Published: 7 hours ago

Reddit accuses Perplexity of stealing user posts, expanding data rights battle with AI industry

In its latest data-rights battle with the AI industry, Reddit has launched a suit against Perplexity alleging the AI company illegally scraped its users' posts.

Published: 3 hours ago

Stony silence from Moscow after Trump turns on Russia, says talks with Putin 'don't go anywhere'

There was a stony silence in Moscow a day after President Donald Trump signalled he had lost his patience with Russian President Vladimir Putin.

Published: 2 hours ago

China and India to face supply jolt as U.S. targets Russia's oil giants

U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, industry experts said.

Published: 4 hours ago

Meta lays off 600 from 'bloated' AI unit as Wang cements leadership

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Published: 13 hours ago

Southwest beats earnings estimates, forecasts record revenue for current quarter

Southwest Airlines reported a surprise quarterly profit for the third quarter.

Published: 12 hours ago

Elon Musk said Tesla's robot will be 'incredible surgeon,' left Wall Street with no guidance on EVs

In Tesla's quarter earnings call, Elon Musk and other executives talked a lot about the future but said little about the core business.

Published: 8 hours ago

Hundreds of public figures, including Apple co-founder Steve Wozniak and Virgin's Richard Branson urge AI ‘superintelligence’ ban

A group of prominent figures, including artificial intelligence heavyweights, has lead a call to end efforts to create ‘superintelligence.'

Published: 20 hours ago

Kering shares pop 9% as ‘sharp' improvement at Gucci builds investor optimism

Sales declines narrowed at the group level and at Gucci, the company's biggest brand.

Published: 12 minutes ago

Jim Cramer explains why sky-high expectations can sink even strong stocks

Jim Cramer says strong earnings can’t always lift stocks if expectations are too high, pointing to GE Vernova and Vertiv.

Published: 11 hours ago

Santoli's Wednesday market wrap-up: Whipsaw in hot-money flows catches S&P 500 in bumpy 0.5% drop

High-momentum, more-volatile, heavily speculative stocks have broken steep uptrends and are spilling lower, as quality and value stocks hang in just fine.

Published: 14 hours ago

New Jersey sues Amazon for allegedly discriminating against thousands of pregnant warehouse workers

The state said the lawsuit follows a years-long investigation by its civil rights division into Amazon's treatment of workers at warehouses across New Jersey.

Published: 8 hours ago

A resilient consumer isn't an all-clear for investing in retail and restaurant stocks

Investors need to understand both the economic big picture and company-specific factors.

Published: 14 hours ago

Lock in this 4.36% APY CD before next week's expected Fed rate cut

Analysts anticipate a rate cut next week, meaning now's the time to lock in the highest CD returns.

Published: 18 hours ago

U.S. mulls software-linked export curbs on China: ‘Everything is on the table’

The U.S. weighed curbs on software-related exports to China, responding to Beijing's rare earth export controls, ahead of a critical round of negotiations.

Published: 2 hours ago

Oil jumps 3% after Trump administration sanctions big Russian oil companies

The new sanctions are related to plans for a meeting between President Donald Trump and Russian leader Vladimir Putin being dropped.

Published: 9 hours ago

China's property slump is far from bottoming. But Beijing is prioritizing tech growth

Chinese policymakers won't likely release much more support for the struggling property sector, as tech competition and other issues are more pressing.

Published: 2 hours ago

The S&P 500 is more concentrated with AI than ever. Here's how to manage your risk

AI stocks now dominate the S&P 500, raising big questions about diversification and your retirement portfolio.

Published: 19 hours ago

AI is already taking white-collar jobs. Economists warn there's 'much more in the tank'

Across banking, the auto sector and retail, executives are warning employees and investors that AI is taking over jobs.

Published: 18 hours ago

Bank of Korea holds rate at 2.5% as tighter property rules kick in

South Korea's central bank kept its benchmark interest rate unchanged at 2.5% for the fourth consecutive meeting.

Published: 8 hours ago

Trump says U.S. cattle ranchers 'don't understand' tariffs after some slam Argentine beef plan

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Published: 13 hours ago

Government shutdown becomes 2nd longest in U.S. history

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Published: 12 hours ago