Tag Archives: Profits

‘The federal government is making profits off the backs of our students’

As lawmakers and advocacy groups continue to push for $50,000 in student debt cancellation, Senate Majority Leader Chuck Schumer expressed shock over the interest rates that borrowers are being charged by the government. “The federal government is charging our students and those who have student debt 7% interest,” Schumer (D-NY) said during a press conference organized by Student Debt Crisis, an advocacy group. “You know, I’m from Brooklyn, I’d use a curse word before that 7% … can you… Source link

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Congressman scrutinized for pandemic profits – Yahoo News

The Telegraph Exclusive: Charity conducting ‘campaign of harassment’ against sites that raise money for hunts An anti-hunting charity has been accused of bullying in a “campaign of harassment” against auction sites used to raise money for hunts and hounds. The League Against Cruel Sports has been reported to the Charity Commission for “demanding with menaces” that a fundraising platform cut ties with legally registered hunts. The regulator was assessing the complaint, a spokesman… Source link

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A good inflation reading for corporate profits: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 13, 2021 It’s all about demand.  Inflation data published Wednesday left markets spooked.  Consumer prices rose at the fastest annual pace since 2008 in April, according to the latest data from the BLS, news that sent stocks tumbling with the S&P 500 (^GSPC) falling 2.1% on the day.  The simplest read on the market’s reaction to… Source link

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Tesla Losing Source of Credit Revenue That’s Been Key to Profits

(Bloomberg) — Tesla Inc. is about to lose one source of the regulatory-credit revenue that’s been crucial to its almost two-year run of consecutive quarterly profits. Stellantis NV, the automaker formed through the merger of PSA Group and Fiat Chrysler, announced Wednesday it is exiting a European emissions-credit agreement with Tesla. Complying with standards on its own will save the company about 300 million euros ($360 million), roughly two-thirds of which would have gone to Tesla, Chief… Source link

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Google used ‘double-Irish’ to shift $75.4bn in profits out of Ireland

Google shifted more than $75.4 billion (€63 billion) in profits out of the Republic using the controversial “double-Irish” tax arrangement in 2019, the last year in which it used the loophole. The technology giant availed of the tax arrangement to move the money out of Google Ireland Holdings Unlimited Company via interim dividends and other payments. This company was incorporated in… Source link

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10 Best Stocks to Invest in 2021 For Long-Term Profits

In this article we will take a look at the 10 best stocks to invest in 2021 for long-term profits. You can skip our detailed analysis of these stocks’ outlook for 2021 and some of the major growth catalysts for bank stocks and go directly to 5 Best Stocks to Invest in 2021 For Long-Term Profits. As consumer spending and employment slowly start to recover, investors are hopeful about the much-awaited stability in financial markets. It’s becoming harder for beginner investors to find the… Source link

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Tesla scores about $1 billion in profits from Bitcoin: Wedbush’s Dan Ives

Tesla’s (TSLA) investment in Bitcoin (BTC-USD) has garnered the electric vehicle company about $1 billion in profits — at least on paper, according to estimates from Wedbush Securities Managing Director Dan Ives. “That’s more than all they made on EV vehicles in 2020, but that continues to be the double-edge sword. It’s going to add risk to the story, and we’re seeing that in terms of the volatility,” Ives told Yahoo Finance Live on Monday. Earlier this month Tesla announced it had… Source link

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Tesla’s Bitcoin Profits Might Be More Than Its All-Time Profits From EVs, Solar, & Batteries

Tesla could have made more in profits from its recent bitcoin investment than it has made selling EVs, Yahoo! Finance reported. When bitcoin hit the $50,000 mark for the first time ever, this continued the 2021 rally that has been sending it higher on increased adoption. Tesla purchased $1.5 billion in bitcoin last month, and even though it hasn’t revealed its average purchase price or how many bitcoins it holds, Tesla could be raking in the profits. In January, Bitcoin traded between… Source link

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Yandex’s Taxi And Food Delivery Unit Says It Has Weathered Covid With Profits Intact

YEKATERINBURG, RUSSIA – OCTOBER 30, 2020: A Yandex.Taxi car (C) moves along Lenina Avenue. Donat … [+] Sorokin/TASS (Photo by Donat SorokinTASS via Getty Images) Donat Sorokin/TASS Yandex.Taxi has said that it maintained profitability during the pandemic despite the ride-hailing sector’s deep challenges in the crisis. Aram Sargsyan, Yandex.Taxi’s regional general manager for markets including EMEA and Eurasia, said that the division of the Russian… Source link

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