President Joe Biden’s budget proposal includes plans to increase corporate tax rates, which could ultimately result in higher costs for consumers and impact low- and middle-income Americans more than raising individual income tax rates. The proposal is criticized for potentially hurting average workers who rely on investments in pension plans, 401(k)s, and other vehicles for long-term benefit.
U.S. intelligence agencies have determined that Russian President Vladimir Putin probably did not order the killing of opposition politician Alexei Navalny at an Arctic prison camp in February. Putin denied state involvement and had considered exchanging Navalny with the West. The U.S. assessment, based on classified intelligence and public facts, did not absolve Putin of overall responsibility for Navalny’s death, given the history of targeting Navalny by Russian authorities.
Fact: U.S. intelligence agencies have determined that Russian President Vladimir Putin probably didn’t order opposition politician Alexei Navalny killed at an Arctic prison camp in February.
Shares in Snap soared nearly 30% in Frankfurt after beating Wall Street expectations for quarterly revenue and user growth.
President Joe Biden’s 2025 budget blueprint includes plans to increase corporate taxes, which could ultimately cost low- and middle-income Americans more money than if their income tax rates were raised. This plan, straight out of the Bernie Sanders handbook, aims to go after corporations but could have negative effects on consumers, employees, and investors. The budget also includes record spending and soaring debt, despite promises not to increase taxes on those earning less than 0,000 a year.
PepsiCo beat Wall Street expectations for first-quarter revenue and profit due to strong demand for its sodas and snacks in international markets, while experiencing a slowdown in the United States.
Tesla slashed prices by up to ,000 on its vehicles in several markets including the US, China, and Germany.
US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of Silicon Valley Bank and Signature Bank.
Netflix’s decision to stop sharing subscriber additions and average revenue per member from 2025 has caused concern among investors about growth peaking in some markets. The streaming pioneer’s stock fell 6.5% in early trading, leading to a potential market valuation drop of over billion. This move comes as Wall Street analysts anticipate subscriber growth for Netflix in North America and Europe to saturate. Despite this, Netflix added 9.3 million new customers in the first quarter, bringing the global total to 269.6 million at the end of March. The decision to withhold key metrics has sparked debate among investors about the streamer’s ultimate potential in the current landscape.
Netflix shares fell on Friday after the company announced it would stop sharing subscriber additions and average revenue per member from 2025, leading to doubts about growth peaking in some markets.