(Bloomberg) U.S. House Democrats are proposing an increase in the corporate tax rate to 26.5%, from the current 21%, against an earlier 28% rate in Biden’s proposal. The move is…
(Yahoo! Finance) A US district court Judge has granted an injunction requested by Epic Games Inc. against Apple’s App Store seeking to allow alternative payments for consumers. Federal judge Yvonne…
(Bureau of Labor Statistics) US producer prices rose by 0.7% in August to fuel further inflationary pressures amid constrained supply chains and the Covid-19 pandemic. The increase was higher than…
(Bitwise) Bitwise Asset Management is launching the world’s first major crypto index fund to provide users with exposure to exciting developments in the cryptomarket. The launch of Bitwise 10 ex…
(Office for National Statistics) The UK recorded a 0.1% jump in the gross domestic product in July from June, the smallest gain since January this year. The gain was less…
(Markets Insider) President Joe Biden’s call to his Chinese counterpart Xi Jinping on Friday raised optimism globally on the revival of trade between the two rivals. Global stocks surged following…
Reliance Industries Limited has postponed a planned launch of a low-cost smartphone in India in partnership with Google due to chip shortage, according to Reuters. The launch, which had been…
(Affirm) Affirm Holdings Inc.’s earnings dropped to a net loss of $128.2 million in the fourth quarter of 2021, from a net profit of $34.8 million in the same period…
(WSJ) Uber Technologies, DoorDash Inc., and Grubhub Inc. have filed a lawsuit in a New York federal court to protest a fee cap by the city authorities. The food-delivery firms…
(Forbes) The 90-day missions of the United States Navy’s solar-powered drone Skydweller will be run on the software of Palantir Technologies Inc. Currently being developed by the Skydweller Aero, the…
(Markets Insider) 78-year-old billionaire investor Leon Cooperman says gold is a better store of value for the risk-averse but warns that those who don’t understand bitcoin are possibly old. Cooperman…
(Department of Labor) US jobless claims were 310,000 in the week that ended September 4, down by 35,000 from the previous week. Fig: Seasonally Adjusted Initial Claims On a 4-week…