Business

Elon Musk wants to make manufacturing "cool again." College grads are showing some interest in manufacturing, but law school applications are also rising.

Published on: January 30, 2025, 07:05 PM UTC

Blackstone in talks to buy stake in New York office building from JPMorgan Asset Management institutional investors

Published on: January 30, 2025, 07:04 PM UTC

Sirius XM shares surged 6.4% after Q4 earnings beat EPS and EBITDA estimates. Despite slightly missing revenue guidance, analysts see strengths and blemishes in the quarter. Read our full analysis for insights and a free growth stock recommendation.

Published on: January 30, 2025, 07:04 PM UTC

Starbucks CEO Brian Niccol faces challenges in improving consumer perception of high coffee prices. Data shows competitors offer lower prices in key markets like New York City and Kansas City. Despite recent initiatives, Starbucks' same-store sales have declined, leading to a withdrawal of guidance for the current fiscal year. Analysts suggest re-evaluating pricing architecture and exploring additional customization options to enhance value perception.

Published on: January 30, 2025, 07:03 PM UTC

U.S. stocks finished mixed on Thursday as investors digested earnings updates from tech giants like Microsoft and Meta and awaited Apple's results for cues on the broader tech sector's health.

Published on: January 30, 2025, 07:02 PM UTC

Asia's richest family, the Ambanis, have acquired a 49% stake in the Oval Invincibles, the first Hundred franchise to be sold. This purchase marks their entry into the English cricket market, where they will share control with Surrey County Cricket Club.

Published on: January 30, 2025, 07:01 PM UTC

The US Justice Department is suing to block Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks, citing concerns that the deal would harm competition in the market for enterprise wireless equipment.

Published on: January 30, 2025, 07:00 PM UTC

Double taxation occurs when individuals or businesses are subject to tax in multiple jurisdictions on the same income. Double taxation agreements (DTAs) aim to prevent this by providing relief from double taxation. The UK has DTAs with over 130 countries, including popular destinations for expats and investors such as the US, Canada, Australia, and Spain. These agreements determine tax residency, relief eligibility, and the amount of relief available. To avoid double taxation in the UK, individuals can claim relief on various types of income, including wages, pensions, and dividends, if they have a DTA with the country where the income is earned. Filing a claim form with the relevant tax authority is necessary to claim relief. The impact of IR35 rules on double taxation and the UK's changing "non-dom" regime are also discussed to provide comprehensive guidance on avoiding double taxation for individuals with international income or assets.

Published on: January 30, 2025, 06:04 PM UTC

The US economy grew at a slower-than-expected 2.3% in Q4, below estimates. Consumer and government spending drove growth, while investment declines held back gains. Core PCE grew 2.5%, in line with estimates. Market expectations for Fed rate cuts in 2025 have diminished following the Fed's decision to hold rates steady.

Published on: January 30, 2025, 06:03 PM UTC

Starbucks faces a pricing challenge, with competitors offering lower prices for similar coffee drinks. Data from JPMorgan suggests the company needs to lower prices to improve consumer perception and boost sales. Despite recent efforts to enhance the customer experience, Starbucks' same-store sales declined globally in the most recent quarter, and the company has not provided guidance for the current fiscal year. Analysts believe Starbucks' pricing decisions, including reducing promotions and offering non-dairy milk at the same price as dairy milk, could help improve value perception and margins.

Published on: January 30, 2025, 06:03 PM UTC