business news
Why Biden’s billionaire minimum income tax may be a tough sell
Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021. Elizabeth Frantz | Reuters President Joe Biden has proposed a new tax on the ultra-wealthy as part of his 2023 federal budget, aiming to reduce the deficit by about $360 billion. Some experts say it’s unlikely to gain traction in Congress. The “billionaire minimum income tax” calls […]
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Russians hand control of Chernobyl nuclear plant back to Ukraine, IAEA says
A shelter construction covers the exploded reactor at the Chernobyl nuclear plant, in Chernobyl, Ukraine, on April 27, 2021. Efrem Lukatsky | AP Russian troops that took over the Chornobyl nuclear power plant last month have transferred control back to Ukraine, the International Atomic Energy Agency said Thursday, citing information from Ukraine. Multiple convoys of […]
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AMD falls 8% after Barclays downgrades stock, warns about PC, gaming markets
The road ahead for AMD may be a rocky one as some of the company’s key markets could see slowdowns, according to Barclays. Source
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The Great Resignation is still in full swing. Here’s what to know
A Now Hiring sign is displayed at a restaurant in Arlington, Virginia, on March 16, 2022. Stefani Reynolds | Afp | Getty Images The pandemic-era trend known as the “Great Resignation” remains a prominent feature of the labor market, as favorable conditions lead workers to quit their jobs at near-record levels in search of better […]
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U.S. sanctions global network of firms helping the Russian military evade export controls
Armored vehicles of pro-Russian troops drive along a road in the course of Ukraine-Russia conflict near Dokuchaievsk in the Donetsk region, Ukraine March 25, 2022. Alexander Ermochenko | Reuters WASHINGTON — The Treasury Department on Thursday announced sanctions on a global network of individuals and shell companies it says are helping the Russian military to […]
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Apple releases new device management software as part of subscription push
Tim Cook at WWDC21 on June 7th, 2021. Source: Apple Apple on Thursday released a new program for businesses to set up, manage and install software on worker iPhones, iPads and Macs. The product, called Business Essentials, ranges from $2.99 per month to $24.99 per month per worker. It allows a boss or a system […]
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Stocks making the biggest moves midday: Walgreens, AMD, Dell and more
A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walgreens — The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a beat on earnings, it […]
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Alexa will now tell you when items in your Amazon cart or wish list go on sale
Amazon’s redesigned Echo Dots Kids Edition Amanda Ringstad, Amazon Amazon’s Alexa voice assistant will soon tell users when items they’ve had an eye on are about to be on sale. The company announced on Thursday that Alexa will notify Prime customers up to 24 hours in advance of upcoming sales on items in their Amazon […]
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CIA Director William Burns tests positive for Covid after meeting with Biden, but is not considered a close contact
CIA Director Bill Burns testifies next to Director of National Intelligence Avril Haines during a House (Select) Intelligence Committee hearing on diversity in the intelligence community, on Capitol Hill in Washington, October 27, 2021. Elizabeth Frantz | Reuters WASHINGTON – CIA Director William Burns tested positive for Covid-19 on Thursday, the intelligence agency said. Burns, who […]
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U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices
U.S. President Joe Biden announces new actions against Russia for its war in Ukraine, during remarks in the Roosevelt Room at the White House in Washington, U.S., March 8, 2022. Kevin Lemarque | Reuters The U.S. will release 1 million barrels of oil per day from its strategic reserves to help cut gas prices and […]
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