Musk Sells 10% of Tesla
Tesla (TSLA) shares fell sharply on Monday after Elon Musk tweeted about selling a large stake of his stock to pay taxes. Market analysts see no reason to sell Tesla stock to retail investors, instead pointing to a good buyin...
Tax hike bill
A top Democrat in the House has questioned a new Senate plan to tax the unrealized capital gains of billionaires and other ultra-high earners, arguing that the proposal may be...
Increase in national debt
The Senate on Thursday approved a bill that raises the US national debt limit by $480 billion, but this funding will be exhausted by 3 December. A long-term bill is due to be decided in Decembe...
Chances of Jerome Powell staying on for a second term
Last week, Fed Chair Powell came under heavy criticism from Senator Elizabeth Warren. Market forecasts showed Powell's chances of reappointment declining. Here's wha...
TikTok active users
TikTok has officially surpassed 10 billion monthly active users worldwide.
The popularity of this short video app, owned by ByteDance, a Chinese business technology, has exploded since its launch in...
Tax on share buy-backs
Democrats in the US Congress want to impose a 2% tax on share buy-backs by companies to raise $270bn to fund the $3.5 trillion welfare bill.
On Friday, two senior Democrats in the US Senate introduced a proposal to impose a 2...
To resign
New York Governor Andrew Cuomo's closest aide Melissa Derosa has resigned after prosecutors found evidence of sexual harassment by the state chief.
Melissa Derosa said: "It has been an honour to serve the people of my ...
Infrastructure bill
US stock indices rose significantly before the opening of trading on Monday as investors welcomed the expected imminent passage of a bipartisan bill that would allow the US to spend a record amount on infrastr...
Vaccine for private companies
US authorities are studying the possibility of introducing compulsory vaccination at the federal level. The head of the US Centers for Disease Control and Prevention (CDC), Rochelle Walensky, told Fox News on Friday.
T...
Joe Biden's activities
US President Joe Biden's approval rating has fallen to 50% for the first time since he took office. This is evidenced by the data published on Friday in a poll conducted in July by the polling service Gallup inc.
According to...
Fighting crime
US President Joe Biden has unveiled a new strategy for the US administration to tackle the rise in gun crime, which includes hiring more police officers. On Monday, the US leader held a meeting at th...
State of Emergency Regarding Hong Kong
US President Joe Biden decided on Wednesday to extend until 14 July 2022 the so-called state of emergency for Hong Kong. The White House press office circulated the relevant document.
"The situation in Hong Ko...
New York City mayor's post
Businessman Andrew Yang, who previously sought the Democratic presidential nomination, has decided to withdraw from the race for mayor of New York City he started this year. The businessman told su...
Lawsuit against New York authorities
The Trump Organization, a US company owned by former US President Donald Trump, has filed a lawsuit against the New York City authorities for reneging on a golf course maintenance contract following the January i...
COVID in U.S.
US authorities predict that the US will not need a second lockdown due to the spread of an Indian mutation of a new coronavirus, the World Health Organization's new Delta strain. US President Joe Biden said this&nbs...
New manufacturing plants
General Motors will increase its spending on electric cars, following a similar move by rival Ford, and also plans to open two new battery plants, Reuters reports. GM is counting on the US government to help f...
Boeing and Airbus dispute
The European Union and the U.S. have reached an agreement to end a long-running trade dispute over Boeing and Airbus that has resulted in more than $10 billion in reciprocal customs duties...
Corporate tax
The G7 countries on Friday formally approved a global minimum corporate tax rate of 15 per cent. This means that multinational companies like Google, Facebook, Apple and others must pay this minimum tax in ...
Expanding cooperation in the region
Australian Prime Minister Scott Morrison discussed with US President Joe Biden and British Prime Minister Boris Johnson expanding cooperation on key areas. The Australian newspaper reported on Sunday that the them...
Negotiations to supply batteries
Apple is in talks with CATL and BYD to supply batteries for its future electric cars, according to media reports. The main obstacle may be Apple's requirement that the batteries for the Apple Car be manufactured in t...
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