Before New Labor's landslide victory in the 1997 general election, I learned from reliable City sources that the party's future chancellor, Gordon Brown, and his economic adviser Ed Balls were planning a tax seizure of Britain's pension funds.Working secretly with the now-defunct accounting firm Arthur Andersen, they worked on a law that would repeal the tax breaks that British companies enjoyed on dividend payments into company pension schemes.The estimated £5 billion a year the government...
After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are moving forward against major US technology companies -- including two against Google that could see the company split...
'We see a very collaborative future between AI and the human user. We do not see an adversarial relationship here,' says Autodesk CEO Andrew Anagnost.
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.
Makeup can be very expensive! If you're looking to get high-quality beauty
Makeup can be very expensive! If you're looking to get high-quality beauty
Canada’s Parliament is considering a tax on digital services revenue that would impact the world’s biggest tech companies. The legislation would cover companies’ digital services revenue made from Canadian users, imposing a 3% tax on the revenue above 20 million Canadian dollars (about $14.5 million), Bloomberg reported Wednesday (April 17). It would apply only to companies […]
Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the “Big 6 TECH+” stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia—was projected to decline to 15.5% by the first quarter of 2025, from 42.2% estimated for the same period this year, strategists led by Jonathan Golub said. “Our...
Presidential hopeful Robert F. Kennedy Jr. gave the game away on how the Biden White House used fear and intimidation to push social media censorship. Kennedy Jr. appeared on the April 14 episode of Dave Rubin’s The Rubin Report. During the podcast, Kennedy elucidated more on his heated interview with CNN’s Erin Burnett, in which he categorized President Joe Biden as a worse threat to democracy than former President Donald Trump, much to the astonishment of the CNN host. Kennedy used this...
Presidential hopeful Robert F. Kennedy Jr. gave the game away on how the Biden White House used fear and intimidation to push social media censorship. Kennedy Jr. appeared on the April 14 episode of Dave Rubin’s The Rubin Report. During the podcast, Kennedy elucidated more on his heated interview with CNN’s Erin Burnett, in which he categorized President Joe Biden as a worse threat to democracy than former President Donald Trump, much to the astonishment of the CNN host. Kennedy used this...
Wall Street was poised to kick of the week with gains as investors focused on the latest deluge of corporate earnings.
The owner of a Medford-based construction business pleaded guilty to a tax fraud scheme and making false statements about a deadly workplace accident.