Shares of Grab Holdings tumbled on its first trading day on the Nasdaq, after completing the world’s biggest ever merger involving a special purpose acquisition company, or SPAC. While the merger with blank-check company Altimeter Growth Corp. valued the Southeast Asian superapp giant at $40 billion, some analysts questioned how a loss-making company could be
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Auto industry icon Lee Iacocca, once one of America’s highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. He was 94. He was instrumental in the creation of the Ford Mustang and the Chrysler minivan. Iacocca’s youngest daughter confirmed he passed away of natural causes Tuesday. He is
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Around the world, the pandemic spurred a significant rise in remote work arrangements. Regardless of industry or business model, remote teams can have significant impacts—both positive and negative—on a company’s overall financial health. In some cases, remote teams require a company to buy new technology in order for employees to accomplish their work. On the
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Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report. Congress authorized many new programs in the pandemic’s early
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In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers rose in premarket trading Thursday after the parent company of Kay Jewelers, Zales and Jared reported fiscal third-quarter earnings ahead
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“Jay” Powell – that is.  The famous “dangerous transitory man” has pivoted again, as we, and the market, expected. In a flash he went from the “transitory inflation” camp to “persistent inflation” camp.  As expected, the yield curve underwent a vicious flattening twist, breaking carry strategies and market calm at the same time. Investors were again exposed to
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Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau is cracking down on banks charging fees for customers who overdraw their checking accounts, the bureau announced Wednesday. The financial watchdog is planning a “range of regulatory interventions” targeting firms that rely heavily on overdraft fees
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Fizkes | Getty Images Another year of grappling with coronavirus has led to significant tax law changes for the 2021 season. While year-end tax planning is always important, recent adjustments — and the possibility of more on the horizon — may offer unique benefits along with potential pitfalls. Here are some of the biggest changes
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Robert Goulder of Tax Notes and professor Daniel N. Shaviro of New York University School of Law discuss generational swings in the U.S. appetite for residence-based taxation of multinationals’ foreign profits.  This transcript has been edited for length and clarity. Robert Goulder: Hello everyone. I’m Bob Goulder with Tax Notes. Welcome to the November edition of “In the Pages.”
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Maxym Marusenko | NurPhoto | Getty Images Hospitalizations are rising across South Africa, but it’s still too early to know whether the omicron variant is driving an increase in severe Covid-19 cases, according to the World Health Organization. Maria Van Kerkhove, Covid technical lead for the WHO, said Wednesday that some patients infected with omicron
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