In recent times, there has been growing momentum behind the idea of implementing a wealth tax as a means to combat wealth inequality and increase revenue for public services. This movement gained traction when U.S. President Joe Biden proposed a “billionaire tax” that would impose a 25% tax on Americans with assets exceeding $100 million.
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Singapore Airlines recently announced the pricing of a $500 million U.S dollar bond due in 2034, with a fixed interest rate of 5.25% per annum. The bond launch was successful, with orders reaching over $4.5 billion and strong investor interest. However, it is crucial to critically analyze this bond issuance to determine its long-term implications
Adobe recently saw its stock plummet by 10% in after-hours trading due to disappointing guidance for the current quarter’s revenue. Despite this setback, the company managed to exceed analysts’ expectations for both the top and bottom lines in its fiscal first quarter. To appease investors, Adobe also announced a $25 billion share buyback program to
New Zealand’s Finance Minister, Nicola Willis, recently announced that the country will be facing “significantly slower” economic growth in the upcoming years due to various factors affecting productivity growth. This update comes after the unexpected contraction of New Zealand’s economy in the third quarter, prompting a reevaluation of growth projections by Treasury officials. The downward
Emma Stone’s next movie, “Kinds of Kindness,” directed by Yorgos Lanthimos, is set to be released theatrically on June 21 this summer. This will be Searchlight’s third project with Lanthimos, following the success of “The Favourite” and “Poor Things.” Unlike the previous releases that launched in Q4 parts of the calendar, “Kinds of Kindness” will
“With Love” is the latest action movie from Universal and 87North, set to hit theaters on Feb. 7, 2025. The film stars Oscar winner Ke Huy Quan and is already generating a buzz among audiences and critics alike. 87North, known for producing successful action flicks such as Nobody, Violent Night, and Atomic Blonde, is behind
Tracy Britt Cool, a former protege of Warren Buffett at Berkshire Hathaway, has embarked on a new venture with her private equity firm Kanbrick. Kanbrick focuses on acquiring midsize companies with earnings between $5 million to $50 million in various industries. Cool’s approach mirrors that of Buffett’s, with an emphasis on family or founder-owned businesses
Despite current economic headwinds, HSBC’s Chief Financial Officer, Georges Elhedery, remains “very positive” about the mid- to long-term outlook for the Chinese economy. The growth in China has been hampered by a downturn in real estate, infrastructure, and exports, prompting Beijing to focus on bolstering manufacturing and domestic technology to modernize the economy and increase
Dick’s Sporting Goods saw a significant 14% increase in shares following the release of fourth-quarter results that surpassed expectations. With earnings per share of $3.85 and revenue of $3.88 billion, the sporting goods retailer outperformed analyst predictions of $3.35 per share on revenue of $3.80 billion. Lennar Faces Decline Due to Revenue Miss On the
The European Commission recently announced that it has launched a formal investigation into AliExpress, an international e-commerce platform owned by Alibaba, the Chinese tech giant. This investigation comes as a result of concerns over the dissemination of illegal content on the website. The investigation is being conducted under the Digital Services Act, a new legislation