© Reuters. Rupee Tumbles on Worries RBI’s Bond Plan May Add to Money Glut (Bloomberg) — The Indian rupee tumbled to the lowest in more than four months, with some analysts saying the central bank’s formal plan to buy bonds will add to a liquidity glut. The fell asRead More →
On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challengeRead More →
DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK: US equity futures rebounded after suffering a tech-led pullback in last-hour trading Asia-Pacific stocks edged higher on reflation hopes at open Biden proposed a US$1.9 Covid-relief plan that include stimulus checks and funds to fight the pandemic Dow Jones, Biden’sRead More →
South African Rand Analysis: The ZAR regained all of its lost ground after the announcement of the recovery plan USD/ZAR continues to oscillate around the 16.50 mark Focus shifts to the delayed Medium-Term Budget statement later this month which is set to reveal how the economic recovery plan isRead More →
Ethereum Classic (ETC) accelerator Ethereum Classic Labs announced a plan to protect the protected blockchain from further attacks. On August 19, the organization proposed immediate action to implement long-term changes to the network architecture over the next three to six months. In the wake of recent attacks on theRead More →
3/3 © Reuters. FILE PHOTO: A passenger is seen at the South African Airways (SAA) customer desk at the O.R. Tambo International Airport in Johannesburg 2/3 By Alexander Winning JOHANNESBURG (Reuters) – The South African government would need to find at least 10 billion rand ($580 million) in new bailoutRead More →
2/2 © Reuters. A man wearing protective face mask walks in front of a stock quotation board outside a brokerage in Tokyo 2/2 By Marc Jones LONDON (Reuters) – European shares rose for the fourth straight session on Thursday and the euro perched at a two-month high, as businesses returningRead More →
© Reuters. Tokyo Motor Show 2019 By Naomi Tajitsu TOKYO (Reuters) – Nissan (OTC:) Motor Co (T:) will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annualRead More →
© Reuters. A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise (Reuters) – Bankrupt California power producer PG&E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns raised byRead More →
Employer stock options remain a potentially valuable asset for recipient employees, especially when they work for start-ups or fast-growing enterprises. For example, many Silicon Valley millionaires got rich (or at least semi-rich) from exercising their employer stock options. However, complicated tax rules apply to folks who exercise company stock options.Read More →
On this Martin Luther King Jr. Day, Americans will pause to reflect on the civil-rights movement — the progress made and the lingering challenges. More than half a century after Dr. King’s untimely death, the U.S. has made strides toward realizing his vision, but discrimination still exists — both inRead More →
© Reuters. FILE PHOTO: Nissan Motor’s executive officer vice-COO Jun Seki attends a news conference in Yokohama By Norihiko Shirouzu YOKOHAMA, Japan (Reuters) – The executive tasked with leading a recovery at Nissan Motor Co Ltd said he had decided to resign just weeks into his new job, a moveRead More →
As New Year’s approaches, people are thinking about what they could do in 2020 that they didn’t do in 2019. One thing to add to your list: put money in your child’s 529 college savings plan, which, like individual retirement accounts and 401(k) plans, allows your investments to appreciate tax-freeRead More →
By Tom Hals and Steve Gorman (Reuters) – California Governor Gavin Newsom was expected to decide late on Friday whether a bankruptcy reorganization plan submitted by PG&E Corp (N:), the state’s largest investor-owned utility company, complies with a recently enacted state wildfire law. The state has until midnight on FridayRead More →
© Reuters. FILE PHOTO: Employees of Pacific Gas & Electric work in the aftermath of the Camp Fire in Paradise By Kanishka Singh (Reuters) – California power producer PG&E Corp (N:) said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on trackRead More →
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s Bay Co (TO:) to take the Saks Fifth Avenue owner private after the bid was topped by an offer from Catalyst Capital Group Inc. In October, Hudson’s Bay agreed toRead More →
Don’t worry, they’d still be doing just fine. That’s not to say the uber wealthy wouldn’t get torched by Elizabeth Warren’s tax plan, but even if her proposal were in place for decades, the fortunes of men like Amazon’s AMZN, -0.86% Jeff Bezos and Microsoft MSFT, +1.29% founder Bill GatesRead More →
The unified federal estate and gift tax exemption for 2019 is a historically huge $11.4 million, or effectively $22.8 million for married couples. Even though these big exemptions probably mean that you are not currently exposed to the federal estate tax, your estate plan may still need updating to reflectRead More →
© Reuters. EU signals initial approval of NordLB rescue plan: sources BERLIN (Reuters) – The European Union has given an initial green light to a rescue plan worth 3.6 billion euros ($3.97 billion) for ailing German lender NordLB, two sources told Reuters on Monday. EU experts view the recapitalisation planRead More →
MarketWatch photo illustration/iStockphoto, Getty Images Bill Gates’s fortune would take a tax hit under Sen. Elizabeth Warren’s tax plan — what would that mean for his philanthropic goals? Bill Gates, co-founder of Microsoft MSFT, +1.18% and a philanthropist behind the world’s largest charitable foundation, said Wednesday he would mull overRead More →
New York Fed President John Williams said Thursday that the central bank was closely monitoring its measures to soothe pressures in funding markets, and could adjust its plans. Since funding markets seized up last month, the U.S. central bank has regularly intervened to provide liquidity, offering daily repurchasing agreements toRead More →
(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need. And subscribe to Terms of Trade, our daily newsletter that untangles a world embroiled in trade wars. Vietnam’s campaign to tamp down the Trump administration’s trade gap ire has come to a coastal commune betterRead More →
DUBLIN (Reuters) – Ryanair (I:) shareholders narrowly approved a bonus scheme for Chief Executive Michael O’Leary on Thursday that could earn him around 100 million euros ($111 million) over five years. The bonus scheme, which requires him to either double the profitability or share price of the carrier within fiveRead More →
It’s been a bumpy stock ride since Aman Bhutani took over as GoDaddy Inc. chief executive less than two weeks ago. Shares of the internet-domain registrar and web-hosting company have tumbled 10% since Scott Wagner announced his retirement in August due to health reasons. Shares rose 0.7% in regular tradingRead More →
By Jim Christie SAN FRANCISCO (Reuters) – California power provider PG&E Corp on Monday unveiled the outlines of a reorganization plan that will pay $17.9 billion for claims stemming from the wildfires that pushed it to seek bankruptcy protection. The plan filed in U.S. Bankruptcy Court in San Francisco includesRead More →
