Pictured here is Shenzhen in southern China. The city is sometimes considered China’s Silicon Valley. Nurphoto | Nurphoto | Getty Images BEIJING — In the years since Alibaba’s U.S. listing in 2014, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it. Among China-focused investment firms, only
Month: September 2023
Westend61 | Westend61 | Getty Images Pay transparency is on the rise for job applicants — and momentum suggests that trend will continue, experts said. In August, 50% of online job listings advertised salary, up from 18.4% in February 2020, according to Indeed Hiring Lab, the economic research arm of career site Indeed. Such businesses
Michael R. Stevenson is better known by his stage name of Tyga. Tyga is a successful rapper, who like many celebrities has found his way to Tax Court. His attorneys were pushing back against an IRS levy notice on a balance due of over $2 million for just 2019. It did not go well, in
The cream most certainly rises to the top at the Shangri-La Toronto Residences. The lower floors of the artfully designed glass-clad tower make up the renowned five-star hotel, the midsection contains condominium residences and the uppermost levels are devoted to what is known as the “private estate” collection. It is within this realm that one
United Auto Workers members attend a solidarity rally as the UAW strikes the Big Three automakers on September 15, 2023 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers union could lead to the closure of 18 U.S. facilities, but it
In this article VLO Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Oil stocks — Petroleum refiners Valero Energy and Marathon Petroleum gained 1.5% and 1.2%,
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters As the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance. The IRS on Thursday temporarily halted processing for amended payroll
What is taxed and what isn’t can be confusing. In the case of disability pay, whether it is taxed or not usually depends on who paid for the disability insurance coverage. Perhaps your employer paid for your disability coverage, and you were covered as a fringe benefit. In that case, when you are disabled and
Homeowners renewing their insurance are seeing their premiums increase more than 20% according to a recent study, making housing even more expensive for a growing number of Americans. The study, conducted by Policygenius, found that Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters Morgan Stanley has officially kicked off the generative-AI era on Wall Street. The bank plans to announce Monday that the assistant it created with OpenAI‘s latest generative AI software was “fully
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. PayPal – Shares of the payments giant fell more than 1% premarket after MoffettNathanson downgraded the stock to market perform from outperform and
Planning a holiday can be stressful — that’s where travel agents come in. But now, travelers have another option: chatbots like ChatGPT, Bard AI and Microsoft Bing. Simply input a prompt and watch the travel recommendations pour in. The best parts? It’s instantaneous and, for the most part, free. But which is better when it
Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap
Artistgndphotography | E+ | Getty Images The Federal Reserve is likely to skip an interest rate hike when it meets this week, experts predict. But consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. Yet recent data
In this article F GM STLA Follow your favorite stocksCREATE FREE ACCOUNT Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images The United Auto Workers labor union launched targeted strikes against the three
Chinese ride-hailing giant Didi delisted from the New York Stock Exchange just months after its June 2021 IPO after a now-resolved regulatory probe that had forced Didi to suspend new user registrations. Brendan McDermid | Reuters BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations. The company announced plans to cancel and refund bookings for stays after Dec. 1, according to the Associated Press, after long-planned regulations aimed at curbing illegal short-term rentals
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Taylor Hill | GGetty Images U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist. “I would like to have diversification, because what I don’t know is
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023. Mario Tama | Getty Images News | Getty Images Picket signs have lined the gates of Hollywood’s studios for nearly
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Usually when a person or company sells something, the
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