The OECD estimates that U.S. corporations pay face an average statutory tax rate of 39%, the second highest rate in the developed world. This is based on a combination of the federal statutory rate and
So, there’s no reason this should have happened. But shares of DI Corp., a South Korean company that makes testing equipment for the semiconductor industry, shot up last year. The reason? Perhaps, you
First, the scoreboard: Dow: 15,521.9, -36.8, -0.3% • S&P 500: 1,685.3, -6.3, -0.3% • NASDAQ: 3,599.1, -14.0, -0.3% And now, the top stories: Pending home sales fell by just 0.4% month-over-month in June,
Thailand has become the first country to ban bitcoins after the central bank ruled it is not a currency. In a statement on its website, Bitcoin Company Limited said it had given a presentation to the of
It wasn’t a good Monday for hedge fund billionaire Bill Ackman. Herbalife, the nutritional supplements company he’s been shorting to the tune of $1 billion, posted strong second quarter numbers, including
The bank's physical energy business is housed within JP Morgan Ventures Energy Corporation. Back in May, the New York Times reported that regulators warned the bank that it was being investigated for manipulating
First was June household spending, which unexpectedly fell 0.4% year-over-year. Economists were looking for a 1.4% gain. That was followed by June industrial production, which fell 3.3% month-over-month.