Key Findings Federal policymakers are debating a legislative package focused on boosting U.S. competitiveness vis-a-vis China; however, it currently contains little to no improvements to the U.S. tax code. The existing U.S. tax code is biased against capital investment and it is scheduled to worsen over the next decade. The tax bias against domestic investment
Month: May 2022
As part of the latest Covid controls, China’s capital city of Beijing banned in-store dining as a five-day holiday kicked off, prompting restaurants to sell food outside. Kevin Frayer | Getty Images News | Getty Images BEIJING — Two months since China’s latest Covid outbreak began, many businesses in the country’s two largest cities by
In this article QSR-CA In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that fast food burger chain Burger King is misleading customers with imagery that portrays its food, including the Whopper burger,
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles. Mikhail Tereshchenko | Sputnik | via Reuters Russia looks set to meet another deadline for debt payments on Wednesday after
Business people are getting out and about again. And they’re looking for places to stay. More people are traveling for business meetings and industry events now than at any time in the past two years. A full recovery may be a couple years away, but Deloitte is forecasting 55% of business travel will be back
The Good Brigade | Digitalvision | Getty Images Inflation, rising interest rates and market volatility have many Americans on edge. Consumer prices were up 8.5% in March from a year ago, costing U.S. households an extra $327 per month, according to a Moody’s estimate. To combat rising inflation, the Federal Reserve has begun increasing interest
Supreme Court Police officers set up security barricades outside the U.S. Supreme Court in Washington, DC. Drew Angerer | Getty Images The Supreme Court is poised to overturn the constitutionally protected right to abortion ensured by the nearly 50-year-old Roe v. Wade decision, according to a leaked initial draft of the new opinion obtained by
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You
When Kristen Heaton launched her own business in 2013, she never dreamed she’d sell it for seven figures. So, when she sold it to Amazon aggregator Perch in July 2021, she hired a financial advisor to make sure her family could get the most out of the new wealth. “They sat us down, and they
Camille Tokerud Photography Inc. | Stone | Getty Images A federal benefits program for blind, disabled and elderly individuals could get a long-overdue update if a proposal in Washington is approved. Two Ohio senators — Democrat Sen. Sherrod Brown and Republican Sen. Rob Portman — have teamed up to introduce a bill to update the
A “For Sale” sign outside a home in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Mortgage rates just hit their highest level since 2009, and home prices are continuing to experience double-digit gains. Now, nearly all of the major housing markets in the United States are less affordable than they have been historically,
The Central African Republic has announced it would become the second nation to adopt bitcoin as legal tender.