Policymakers broadly agree that investments by the federal government in highways, mass transit, and other modes of transportation are crucial to facilitate the nation’s economic activity, but they can’t seem to agree on how to fund such investments. The current debate is over corporate income taxes, and therein lies the problem. The standard approach long
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Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin. The results are a marked improvement from the same period last year when demand was ravaged
In this article F Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor is expected Wednesday to report a slight loss for the second quarter as the semiconductor chip shortage causes significant production
In this article OCBC-SG UOBH-SG DBSM-SG Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest
U.S. Speaker of the House Rep. Nancy Pelosi arrives at a weekly news conference at the U.S. Capitol July 28, 2021 in Washington, D.C. Alex Wong | Getty Images News | Getty Images House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are
In front of the criminal court in Moabit, supporters of a left-wing housing project in Köpenicker Straße protest against its eviction. A woman holds a sign with the English inscription “A roof or your head a basic human right”. picture alliance | picture alliance | Getty Images LONDON — Rent controls are becoming increasingly popular
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Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of
This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes that apply
The hottest earnings charts aren’t always what you might think.
In this article WING Wingstop has laid out plans to expand its presence in Manhattan with dozens of new locations set to open in the market, CEO Charlie Morrison told CNBC on Wednesday. Many of those locations will come in the form of ghost kitchens where the company will lean on digital orders and delivery
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
The Wall Street forecaster who warned investors to brace for once in a generation inflation has a new concern: Delta variant cases sparking new economic restrictions. According to Jim Bianco, the emerging risk will hinder the ability to pick market winners and losers into fall. “This is the toughest one [risk] for investors to get
In this article GSBD BLK GS Eric Adams, Democratic candidate for New York City Mayor, speaks during a campaign appearance in Brooklyn, New York, June 11, 2021. Brendan McDermid | Reuters Eric Adams may not be the mayor of New York, but he is already starting to privately seek an alliance with several of the
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, U.S., April 15, 2021. Amira Karaoud | Reuters There’s good news for some who claimed unemployment benefits in 2020. The IRS is sending another 1.5 million refunds to people who were taxed on unemployment income last year before a portion
The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs inflation is heating up. While rising prices brought on by supply constraints and a sudden spike in consumer demand are paving the way for the Fed to unwind last year’s bond buying, the central bank said it is sticking with ultra-accommodative
In this article GNRC A worker inspects a 24-kilowatt Generac home generator at Captain Electric on February 18, 2021 in Orem, Utah. George Frey | Getty Images Shares of backup power company Generac fell more than 12% on Wednesday at the lows after the company warned about ongoing supply chain constraints and inflationary pressures. The
The families of roughly 60 million children received their first installment of the enhanced Child Tax Credit payments on July 15. We’re here to bust some of the common misconceptions surrounding the payments. 1. You can keep these payments. Many families have expressed concern over keeping the money fearing they’ll have to pay it back
Speaker Nancy Pelosi, D-Calif., is seen after her weekly news conference in the Capitol Visitor Center on Thursday, February 11, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images House Speaker Nancy Pelosi slammed Republican Minority Leader Kevin McCarthy on Wednesday for criticizing new mask guidance issued by the Centers for Disease Control and
In this article BA A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge in deliveries of commercial jetliners as airlines began recovering from the