 | | | | The proposal by U.S. Senate Democrats to tax billionaires' tradeable assets to help finance President Joe Biden's social spending agenda will almost certainly face lawsuits, tax experts said. | | | | | | With U.S. restaurants nationwide struggling to find enough waiters and cashiers to serve customers, Starbucks Corp on Wednesday said it will give pay raises to workers in the United States with at least two years of employment and offer $200 referral bonuses. | | | | | | The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and pulled the S&P 500 lower. | | | | | | Ford Motor Co on Wednesday reported a stronger-than-expected third-quarter profit and raised its full-year earnings forecast as strong demand for its trucks helped offset the hit from a global semiconductor shortage. | | | | | | EBay Inc on Wednesday projected holiday-quarter revenue below market expectations, another sign that the online shopping boom fueled by the pandemic was tapering as consumers returned to stores. | | | | | | The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and pulled the S&P 500 lower. | | | | | | Facebook Inc has told its employees to preserve all internal documents and communications for legal reasons, as governments and regulators have started inquiries into its operation. | | | | | | Major currencies steadied again late on Wednesday after surprising statements from the Bank of Canada provided a burst of volatility in what have been a relatively calm markets. | | | | | | Senior Democrats in the U.S. Congress were at odds on Wednesday over a proposal to tax billionaires' assets to help pay for President Joe Biden's social and climate-change agenda, leaving it unclear if the idea had enough support to become law. | | | | | | A proposal to tax the assets of billionaires is now out of consideration as a way to pay forPresident Joe Biden's social spending and climate plan, U.S. House Ways and Means Chairman Richard Neal said on Wednesday, according to Bloomberg News. | | | | | |
