The U.S. Department of Justice could have made at least ten times more than the $48 million it took in from the bitcoin holdings of dark web marketplace founder Ross William Ulbricht. The U.S. government seized 144,336 bitcoins gained from Silk Road’s illegal activities that were found on Ulbricht’s laptop, Joon H. Kim, the Acting […]
Read moreWall Street is betting big on the U.S. economy and it is showing in the S&P 500 today. Some of the best performers in the index were Lennar, Sherwin-Williams, Ford Motor, General Motors and Paychex, all stocks that benefit from strong economic growth. CNBC’s Carl Quintanilla flagged this phenomenon on Twitter: Tweet Sherwin-Williams rose after […]
Read moreWarren Buffett, chairman and CEO of Berkshire Hathaway and the world’s second richest man, had a lot to say to CNBC’s Squawk Box and Becky Quick on Tuesday. The “Oracle of Omaha” discussed his new purchase of truck stop company Flying J, but that was just the beginning. He also touched on: Why stock valuations […]
Read moreJust the idea that Janet Yellen is now more likely to be replaced by a more hawkish Fed chairman is bullish for the dollar. Jens Nordvig, CEO of Exante Data, said the tide turned last week, when news emerged on who was interviewed by President Donald Trump for Fed chair. The two names were Kevin […]
Read moreAmazon will be hit with a fine for unpaid back taxes on Wednesday, the Financial Times said Tuesday. The European Union is contending that Amazon used Luxembourg as a tax haven and that it had established unfair partnerships with the country in an effort to skirt European taxes on 3 billion euros ($3.5 billion) in […]
Read moreTwitter has continued to allow a Russian government-supported news network to advertise on its platform, even though the tech company sounded alarms about its ads to lawmakers investigating the Kremlin’s interference in the 2016 presidential election. In a meeting with House and Senate investigators last week, Twitter executives shared more than 1,800 promoted tweets from […]
Read moreOnline giant Amazon is on the prowl for approximately 15 store locations in France, especially in Paris, in the next two years, according to Le Monde newspaper. The French paper also said the U.S. company has “approached French distributors to forge partnerships or make an acquisition in France.” The overall goal in mind for Amazon […]
Read moreI didn’t think I’d care much to have Google built-in to a set of headphones, but it works really well. You’ll first need to install and sign-in to the Google Assistant app on Android or iPhone, which takes a few seconds to do. After you’ve done that, a quick tap of the button pulls up […]
Read moreCurrency, United States Finance
New EU tax plan would end money-saving workarounds for companies like Amazon
The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon. The plan is part of a broader EU campaign for fairer corporate taxation following revelations that […]
Read moreSusquehanna Financial Group downgraded MGM Resorts and cut its price forecast on the casino resort operator’s shares after the recent attack in Las Vegas, but remained positive on the company in the long-term. The analyst cited the possibility for occupancy and pricing shifts in the near-term, based on historical patterns. She lowered her estimate for […]
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