Markets

France resumes tax on tech giants, seeks deal with US

France resumes tax on tech giants, seeks deal with US A Finance Ministry official said the French Treasury sent the 2020 tax bills to Amazon , Google and other companies affected by the measure last week, and they have to pay by the end of the year. The tax is payable on earnings during 2020 when digital companies made huge profits as people around the world were confined to their homes during lockdowns imposed to combat Covid-19. [Full Article...]

INTU) Receives Approval For The Acquisition Of Credit Karma — Intuit (NASDAQ

INTU) Receives Approval For The Acquisition Of Credit Karma — Intuit (NASDAQ According to the press release, Square will pay United States dollars 50 million in cash for Credit Karma Tax, which provides a free, do-it-yourself tax filing service for consumers. Square was advised by Fenwick & West LLP and Cleary Gottlieb Steen & Hamilton LLP as legal advisors and Credit Karma was advised by Goldman Sachs & Co. [Full Article...]

Dow, S&P Futures Change Little After Historic Day on Wall Street

Dow, S&P Futures Change Little After Historic Day on Wall Street Economists polled by Dow Jones expected initial jobless claims to come in at 733,000. "For the last several weeks, the market has been looking through bad news, but then you get the statistic about the unemployment claim and the market focuses again on the short term difficulties we are having". [Full Article...]

Americans Defy Covid-19 Recommendation Not To Travel For Thanksgiving

Americans Defy Covid-19 Recommendation Not To Travel For Thanksgiving Flightradar24 reported 6,972 flights in the skies above North America as of noon Tuesday November 24 - fewer than the 7,630 flights on the same day in 2019 but more than the 6,815 flights on the same day in 2018. The U.S. Centers for Disease Control (CDC) believes going on a cruise ship is among one of the riskiest forms of travel during the current global health crisis, but has turned a blind e... [Full Article...]

Coronavirus relief funds clawed back from Fed put out of Yellen’s reach

Coronavirus relief funds clawed back from Fed put out of Yellen’s reach The dollar index , pitting the USA dollar against a basket of six major currencies, was at 92.012 after falling 0.4 per cent on Tuesday. It is holding above a key technical support at around 92, which analysts say would lead to further declines if broken. [Full Article...]

US Weekly Jobless Claims Increase again

US Weekly Jobless Claims Increase again Nationally, the number continues to climb. And sales of new homes remained steady in October, the latest sign that ultra-low mortgage rates and a paucity of properties for sale have spurred demand and made the housing market a rare economic bright spot. [Full Article...]

WhiteHat Jr files Rs 14 crore defamation suit against investor Aniruddha Malpani

WhiteHat Jr files Rs 14 crore defamation suit against investor Aniruddha Malpani In the defamation suit, WhiteHat Jr and its co-founder and chief executive officer Karan Bajaj claimed that Malpani's tweets contain "unfounded allegations" that the company's operations are corrupt and unethical, that it's employers are unqualified, its service is overpriced and unhealthy for children, and also that WhiteHat Jr's course material is stolen from Code.org. [Full Article...]

Trump Congratulates US Public for Stock Market Record, Vaccine Development

Trump Congratulates US Public for Stock Market Record, Vaccine Development That is a sacred number, 30,000. "Nobody thought they'd ever see it", he continued. Wall Street soared Tuesday morning after the Trump administration agreed late Monday to start the transition process to President-elect Joe Biden , giving him access to millions of dollars in federal funds and other resources to begin his transition to power. [Full Article...]


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