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Business News Updates
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
NAS100 AnalysisWall Street took a hit in the middle of last week, after a series of poor economic releases sparked recession fears. Most notably, both Retail Sales and Industrial Production posted their biggest decline in at least one…
Cryptoverse: Bitcoin investors take control
Jan 24 (Reuters) - Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress.Indeed, holders big and small are taking "self-custody"…
U.S. energy chief says Biden would veto House Republican bill on oil reserve
WASHINGTON, Jan 23 (Reuters) - President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR) if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.In a…
Mortgage rates drop, making home loans more affordable
The average rate for a 30-year mortgage dropped to 6.15% last week — the lowest in 18 weeks.This dip in rates provides welcomed relief for many potential homebuyers who've put their dreams on pause thanks to high mortgage interest rates,…
On this day in history, Jan. 24, 2003, Department of Homeland Security established as Cabinet agency
The Department of Homeland Security (DHS), a far-reaching federal response to the terror attacks of Sept. 11, 2001, on U.S. soil, began operation as a new Cabinet-level agency on this day in history, Jan. 24, 2003."Our duties are…
Elon Musk In Tesla Tweet Trial
<!-- -->Elon Musk's testimony is set to conclude on Tuesday.San Francisco: Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was…
California Democrats consider wealth tax — including for people who moved out of state
California lawmakers are pushing legislation that would impose a new tax on the state's wealthiest residents — even if they've already moved to another part of the country.Assemblyman Alex Lee, a progressive Democrat, last week…
Morning Bid: It’s all about the weather
A look at the day ahead in European and global markets from Wayne Cole.It's been another quiet session in Asia with many markets still on holiday. Japan was open and the BOJ's dogged defence of Yield Curve Control seems to be working…
Yellen rejects minting $1T platinum coin to avoid US debt ceiling as a ‘gimmick’
Fisher Investments founder and chairman Ken Fisher discusses Congress' handling of the debt ceiling and recession fears. Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to keep the U.S. from!-->-->…
Ethereum Price Continues To Surge As It Nears Profit-Taking Region
Since BITCOIN surpassed the $20,000 milestone, the price of Ethereum has risen significantly. In the last 24 hours, ETH’s chart has barely moved down, which shows that the price has been stable. Last week contributed to a 6% increase in…