Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe White House has insisted that Donald Trump’s economic policies will help cut the US debt as it makes a final pitch to win over fiscal hawks in the Senate and get the president’s flagship tax bill over the line this week. In a new analysis released on Wednesday the White House Council of Economic Advisers argued stronger growth and tariff revenues would more than cover the costs of making Trump’s first-term tax cuts permanent.The report comes as the administration tries…
Sales of new homes plunged in May as buyers continued to stay away from the market, even as builders threw discounts and deals at them. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What makes a mineral critical? Governments and markets may take different views. Vanadium, which appears on the official US list, is getting no special treatment from commodity buyers. Despite a few spikes, the benchmark price is down over five years and companies focused on element number 23 have largely given investors a rough ride.A stellar performance last week by Vanadium Resources may presage a broader change in fortunes: shares in the Australian developer nearly doubled after it inked an agreement to supply…
Waiting for a 401(k) check to arrive? A two-month wait may be costing you more than you realize. If there is a delay of two months when rolling over a 401(k) worth $100,000 into an individual retirement account (IRA) and you miss out on an upturn in a volatile market, that could mean losing out on more than $76,000 worth of returns over 30 years, according to analysis by PensionBee (assuming a 7% annualized return). “In most cases, the delay is going to be much less than 60 days,” says Chris Chen, a certified financial planner at Insight Financial Strategists.…
Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.The first fund tracking a popular type of structured product launched in the US on Wednesday, in the latest sign that increasingly complex financial instruments are being packaged into stock market vehicles that can be bought and sold by retail investors.So-called autocallables offer buyers a stream of payments, unless stock markets drop below a certain level, at which point investors suffer losses. They typically require a minimum investment of $250,000, and boomed in popularity in the wake of the global financial…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is programme director of the Institute for Global Affairs at Eurasia GroupWhen OpenAI and Mattel announced a partnership earlier this month, there was an implicit recognition of the risks. The first toys powered with artificial intelligence would not be for children under 13.Another partnership last week came with seemingly fewer caveats. OpenAI separately revealed that it had won its first Pentagon contract. It would pilot a $200mn programme to “develop prototype frontier AI capabilities to address critical national security challenges…
Any remaining excitement over Tesla’s robotaxi event could be enough to drown out potentially disappointing delivery numbers. Source link
The popularity of online markets such as eBay and Etsy has resulted in an expansion of businesses that transact through these markets. Some businesses operate exclusively through online retail, taking advantage of a worldwide target market and low operating expenses. Though nontraditional, these businesses are still required to pay taxes and prepare financial documents like any other company. They should also account for their inventories and take advantage of tax deductions like other retailers, including listings of cost of goods sold (COGS) on their income statement. Key Takeaways Small businesses that transact through online markets such as eBay and Etsy are similar to…
Going forward, the government will have to pay more — not less — to be competitive Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.FedEx freight volumes from China to the US “deteriorated sharply” in May after President Donald Trump launched his trade war, hitting demand for consumer shipments on the company’s most profitable route.Shares in FedEx, the express parcel delivery company long seen an economic bellwether, fell nearly 6 per cent on Wednesday after the company said that it expected trade between the countries to remain “pressured” in the current June-to-August quarter.“We just simply cannot predict how that is going to play out,” Brie Carere,…