Just days after millions of Americans rushed to file their taxes, a new report has revealed just how adept many of the country’s biggest companies remain at avoiding taxes. Nineteen companies among the Fortune 100 paid a rate of less than 10% on their profits when it came to their 2021 federal income taxes. And four of those companies even managed a negative rate — meaning they will effectively enjoy a refund from the federal government, according to a new analysis from the left-leaning… Source link

(Bloomberg) — Tesla Inc. is on pace to wipe off over $100 billion from its valuation in a single session Tuesday with the stock down more than 11% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc. Most Read from Bloomberg The electric-vehicle maker’s market capitalization is already down nearly $250 billion since April 4, when Musk disclosed that he increased his Twitter stake. That’s a drop of roughly 23%. The dollar value of… Source link

Google parent Alphabet Inc. GOOG -1.62% is expected to report strong sales growth despite global economic turmoil, propelled by digital advertising spending in its core search business. Rising inflation, supply chain disruptions, Russia’s war on Ukraine and other factors have weighed on the economic outlook and, analysts say, companies’ appetite to spend on ads. Snap… Source link

Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending that has already been easing after pandemic-fueled highs. The company said first-quarter sales rose 23% from the year-ago period, the lowest rate for the tech giant since late 2020. The company at the time saw a period of massive sales growth, as small and large businesses… Source link

It’s official. Elon Musk is buying Twitter (TWTR) for $44 billion and will take the firm private at the close of the deal pending regulatory approval. And the move is raising a number of questions about Twitter’s future, including whether Musk will change its content moderation practices and reinstate banned users like former President Donald Trump (though Trump says he won’t return to Twitter). Fellow billionaire and Amazon founder Jeff Bezos has questions of his own — specifically,… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Microsoft, Alphabet report later in the day * GE down after it sees 2022 earnings at lower end of forecast * Tesla slides as Musk clinches deal to buy Twitter * Indexes down: Dow 1.56%, S&P 1.90%, Nasdaq 3.03% (Adds comment; updates prices, details) By Bansari Mayur Kamdar and Devik Jain April 26 (Reuters) – The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as… Source link

Google Play is today officially launching its own version of privacy-related “nutrition labels” for apps. The company says it will begin to roll out the new Google Play Data safety section to users on a gradual basis, ahead of the July 20th deadline that requires developers to properly disclose the data their app collects, if and how it’s shared with third parties, the app’s security practices, and more. The company’s plan to introduce app privacy labels on Google Play was… Source link

Google is rolling out a new safety section in the Play Store designed to show users more detail about the data apps collect and how it is used, the company has announced. The section will be gradually rolling out for users over the coming weeks, and app developers have until July 20th to add the information to their listings — so the section may not immediately appear for everyone. The initiative was first announced last year. According to Google, the section is an attempt to give users… Source link

Russia’s Yandex says it has no plans to split up the company | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link

Text size Wall Street will digest a wave of U.S. corporate earnings this week. Dreamstime Stocks were down… Source link