Researchers analyzed securities filings to determine what companies would have paid if the tax had been in place last year and found just six would have paid half of the estimated $32 billion the levy would have generated.
Global semiconductor manufacturer On Semiconductor Corp. (Onsemi) is offloading nearly 300,000 square feet of office and manufacturing space as it moves some roles out of the Bay Area and centralizes local operations in a smaller facility in San Jose. Onsemi (Nasdaq: ON) plans to vacate about 290,000 square feet of space it currently occupies in three facilities in Sunnyvale, Santa Clara and San Jose. This summer it signed a 15-year lease for a full building of 92,448 square feet at 110-180 Rose Orchard Way in San Jose, where it plans to shift roles that aren't moving to facilities in Arizona closer to its headquarters in Phoenix.
Japan's Mazda Motor Corp is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported on Saturday. The Japanese automaker, which sold 30,000 cars in Russia last year, said in March that exports of parts to the plant were going to end and production would cease when stocks ran out. Mazda has not made a decision about ending car sales and maintenance operations in Russia, the newspaper said.
The dean of JU's business school weighs in on the workplace phenomenon of "quiet quitting."
A federal judge ruled U.S. Sugar can proceed with its planned purchase of rival Imperial Sugar, rejecting a Justice Department antitrust challenge.
The reach of Russia's alternative to the SWIFT international messaging system has grown at record pace this year, the central bank said on Friday, as Moscow ramps up efforts to resolve financial shortcomings wrought by sanctions. Sweeping Western sanctions on many of Russia's top banks in the wake of Russia sending tens of thousands of troops into Ukraine have sorely limited lenders' access to the global financial system. Alla Bakina, director of the central bank's national payment system department, said 50 new entities had joined Russia's alternative system this year, taking the total number to 440, of which more than 100 are non-residents.
Progress Software (PRGS) inks an agreement with Microsoft to extend the coverage of the Chef DevSecOps portfolio to India.
There are many things to consider before you take out a loan from your 401(k).
The internet has had enough of Matt Canada.
Electric vehicle maker Fisker Inc (NYSE: FSR) plans to start selling its Ocean electric sport-utility vehicle (SUV) in India from July 2023. CEO Henrik Fisker said the company would begin manufacturing cars locally in India in a few years, Reuters reported. The CEO believes EV sales in India could pick up pace by 2025 – 2026. The Ocean, priced at $37,500 in the U.S., could prove costly to import to India due to additional logistics and a 100% import tax. Fisker's rival Tesla Inc (NASDAQ: TSLA),
Smaller stocks were hit harder than larger names. With the S&P 500 down 0.84%, the Russell 2000 (down 2.26%) and Russell Microcap (down 2.08%) took the brunt of the damage. This can create intense selling pressure among the smaller names, driving these stocks into the ground, and for those with a very strong stomach, creating bargain opportunities.
Shares of FedEx Corp. fell Friday, as the package delivery giant's warning of a disappointing earnings report didn't go far enough, but some analysts found reason to be optimistic.
The broader market indexes were caught in a downdraft, which no doubt contributed to the iPhone maker's slump. Earlier this month, Apple announced the latest version of its popular earbuds, the second generation of the AirPods Pro. It's worth noting that Apple's commitment to technological innovation has helped it take a majority share of the U.S. headphone market.
Yankees slugger Aaron Judge is chasing his 61st home run of the season in a game that will be streamed only on Apple TV+.
Imagine getting an email about a bonus. Then another saying the bonus was a bit smaller. That’s 40% of promoted employees at Amazon.
At closing, CoinSmart is set to receive $2.2 million (CAD $3 million) in cash along with the issuance of about 5.2 million shares of Coinsquare.
Also, a transformed housing market, stocks for this economy and financial considerations for those who work past the age of 65.
The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.
Many of us who shop at Costco regularly may be more inclined to pay attention to things like current sales and seasonal offerings than how well Costco is doing as a company. After all, if you don't own shares of Costco stock, you may not care whether the company's earnings are solid during a given quarter or not. The more money Costco makes, the less money Costco has to charge for things like membership fees.
Workers questioned Google execs earlier this year after the company's 'Googlegeist' survey results came out.