The House of Representatives passed the Build Back Better Act on Nov. 19. Though the bill would implement several tax increases, it’s a far cry from Democrats’ initial ambitions for raising revenue through taxes. On the campaign trail Joe Biden vowed to raise the corporate income tax rate to 28% from 21%. In the end, the bill contains a less aggressive 15% corporate minimum tax. Likewise on individual taxes: Lawmakers floated several ideas, including raising the top individual tax rate to… Source link

Kyrgyz operator Nur Telecom, trading under the O! brand, is running a promotion for the service Yandex.Plus. O! customers who sign up to Yandex.Plus can obtain a three-month free trial of the service, after which the monthly subscription rate will be KGS 179 later. Source link

YANDEX N.V. INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Unaudited Condensed… Source link

This story is part of Holiday Gift Guide 2021, our list of ideas, by topic, by recipient and by price, to help you discover the perfect gift.

Stock futures opened slightly higher Monday evening after a mixed session, as investors further mulled the market implications of Federal Reserve Jerome Powell’s renomination to lead the central bank. Contracts on the S&P 500 rose. Earlier, the blue-chip index set an all-time intraday high before pulling back to end in the red, with a drop in technology stocks dragging on the index. The Nasdaq underperformed with a drop of more than 1%, while the Dow ended narrowly in the green. Shares of… Source link

What happened Russian tech stock star Yandex (NASDAQ:YNDX) fell 10.2% through 3:15 p.m. ET on Monday — and you can probably blame Russian President Vladimir Putin for that. As the English-language The Moscow Times said this morning, currently both the Russian ruble and Russian stocks are “in the red as talk of military confrontation spooks investors.”  Image source: Getty Images. So what For weeks, diplomats have been warning that the Russian… Source link

Not every sector of the market is a longer-term buy even with stocks continuing to be on autopilot, warn strategists at Goldman Sachs.  Some of the worst stocks to own in a U.S. economy trying to claw back from the COVID-19 pandemic are those with high exposure to tight labor markets, which runs the risk of pressuring profit margins as wages are hiked. “Labor market tightness will remain a challenge during the next few years. Investors should avoid stocks with high labor costs relative to… Source link

This story is part of Holiday Gift Guide 2021, our list of ideas, by topic, by recipient and by price, to help you discover the perfect gift.

Drilling for oil and gas and mining for bitcoin might seem like an odd couple. One is more than 150 years old. The other has existed for a little over a decade. One is a staple of industrial development, squarely grounded in the world of atoms. The other is an innovation of a digital era, financial plumbing for the world of bits. One involves sweaty outdoor work. The other involves a lot of math and abstraction inside cavernous air-conditioned data centers. If the founders of bitcoin miner JAI… Source link

Stocks gained on Monday at the start of a holiday-shortened week, as traders considered the highly anticipated renomination of Federal Reserve Chair Jerome Powell to the top role at the central bank.  The Dow added more than 250 points, or 0.8%, during morning trading. The S&P 500 and Nasdaq each also advanced. Investors kicked off the week on a strong note, with equity and bond-market trading set to close fully on Thursday and early on Friday for the Thanksgiving holiday.  President Joe… Source link