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Stock futures were flat in overnight trading after the major indexes rallied and oil prices tumbled below $100 a barrel ahead of Wednesday’s Federal Reserve meeting. Futures on the Dow Jones Industrial Average dipped 30 points, while S&P 500 futures fell 0.1% and Nasdaq 100 futures were flat. The gains came ahead of a critical…
Sunny Balwani, former president and chief operating officer of Theranos Inc., leaves federal court in San Jose, California, Oct. 2, 2019. Michael Short | Bloomberg | Getty Images He was the man behind the lab curtain at blood-testing start-up Theranos. Now he takes center stage in his own criminal fraud case. Opening arguments in the…
Yongyuan | E+ | Getty Images Workers who save in a 401(k) plan offered by a small business pay fees that are twice as high as those paid by employees who work at the largest companies in the U.S. The smallest workplace retirement plans (those with less than $25 million in aggregate savings) charge total…
In 2020, the EU agreed to the European Green Deal, which sets out to make the union climate neutral by 2050, and in 2021, the Fit for 55 package, which is intended to cut emissions by at least 55 percent by 2030. Both legislative packages outline various ways for the EU to reduce reliance on…
February’s year on year inflation was the highest in 40 years.
In this article GM An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. General Motors Co. | Reuters DETROIT – General Motors is gearing up to deliver Cadillac’s first electric vehicle…
In this article AMCX PLNT SBUX HYMC AMC An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. AMC Entertainment, Hycroft Mining — The movie theater chain saw its…
Valeriy_G | iStock | Getty Images Flush with cash, more than two dozen states enacted tax breaks in 2021, including earned income tax credits, or EITCs, a boon for low to moderate earners. Generally, working families with children earning roughly $42,000 to $57,000 qualify for state EITCs, depending on marital status and family size, according…
In this article AVD Pixelfit | E+ | Getty Images Vanguard Group and its executives created big tax bills for some investors in its target-date funds, amounting to hundreds of millions of dollars in aggregate, according to a lawsuit filed Monday. The lawsuit, filed in a Pennsylvania federal court by three investors, claims the investment…
This week’s map examines states’ rankings on the individual income tax component of our 2022 State Business Tax Climate Index. The individual income tax is important to businesses because states tax sole proprietorships, partnerships, and in most cases limited liability companies (LLCs) and S corporations under the individual income tax code. However, even traditional C corporations are…
In this article F VOW3-DE GS TSLA A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt said Tuesday it would look to build a gigafactory in Germany, with the firm hoping the facility’s first batteries will be produced in 2025. In a statement, the Stockholm-headquartered battery maker…
Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. All three airlines raised their revenue outlooks, saying air travel is rebounding from the earlier slump induced by…