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Business News

Location American Business News for 8 April 2021
Eos Creates 'Bless Your F*ing Cooch' Shaving Cream Line Honoring Viral TikTok Creator Costly, splashy campaigns can pique the public's interests well enough, but nothing builds market-wide enthusiasm quite like the organic, emphatic endorsement of an everyday fan - especially when it comes in the form of ...
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A leaked memo from a chief impact officer

The Economist - 8 Apr 2021 16:49
DEAR COLLEAGUES, This is my first memo as the newly appointed chief impact officer at Global United Financial Firms (GUFF) and I would like to thank everyone for welcoming me to the group. Some of you will be unfamiliar ...
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The Billionaire Who Controls Your Medical Records Epic Systems founder Judy Faulkner built an empire pioneering--and later dominating--electronic medical records. For decades, she's kept them walled off from competitors, but now the pandemic is fueling a digital health ...
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Condé Nast Unveils 500 Virtual and In-Person Events for 2021 Virtual events will outlast the pandemic, and Cond? Nast is thrilled about it. In 2020, the publisher hosted more than 400 virtual or hybrid events, which reached a cumulative 700,000 attendees, said Eric Johnson, the se...
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Compass Needs to Flip the Narrative

Wall Street Journal - 8 Apr 2021 16:31
The real-estate company's listing performance shows that even in a scorching hot real-estate market, investors don't like to be oversold.
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GameStop plans to make Ryan Cohen chairman, stock jumps GameStop announced plans Thursday to make activist investor Ryan Cohen its chairman, a move that drew praise from Reddit traders and boosted its stock price. The Texas-based video-game retailer said its board of director...
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Verizon Media, Catalina Partner to Deliver User-Level Marketing Insights Verizon Media has entered a partnership with Catalina that will integrate Verizon Media's first-party data with Catalina's sales insights to power new solutions. The tools focus on real-time analysis to help retailers ke...
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New York State's Tax Increase: What High Earners Need to Know

Wall Street Journal - 8 Apr 2021 15:01
Changes in legislation mean top earners in New York City will be subject to the highest combined local tax rate in the country.
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How the Rise of the Conscious Consumer is Fueling Resale's Rapid Growth Not too long ago, the sale of secondhand goods was driven primarily by value: shoppers looking to avoid breaking the bank on big-ticket items or clothes the kids will just grow out of. Recently, however, something new ha...
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Workers file 744,000 new jobless claims in troubling sign for COVID recovery The number of workers seeking unemployment benefits stubbornly jumped again last week even amid hopes that the labor market was getting back on track, the feds said Thursday. Last week’s 744,000 initial jobless claims ...
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US weekly jobless claims climb to 744,000 as unemployment remains persistently high Continuing claims, which track Americans receiving unemployment benefits, dipped to 3.73 million for the week that ended March 27.
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GameStop climbs 4% after saying it plans to elect Reddit favorite Ryan Cohen as chairman Cohen, who co-founded online pet supply store Chewy and is a major GameStop investor, has been leading efforts to turn the chain around.
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Oil prices headed modestly lower Thursday morning, with the commodity's retreat being attributed, at least partly, to a delayed reaction to a bigger-than-expected increase in U.S. gasoline stocks, which suggests slack in...
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Levi Strauss & Co. reported a double-digit sales decline for its fiscal first quarter, as ongoing store closures in Europe weighed on results.
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Larry Ellison Briefly Becomes The World's Sixth $100 Billion-Dollar Person The software billionaire saw his fortune jump up to $1.8 billion on Thursday, as shares of Oracle continued their recent momentum.
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Mortgage Interest Deduction: Who Gets It?

Wall Street Journal - 8 Apr 2021 21:52
The near-doubling of the standard deduction and caps on eligible mortgages mean that many fewer taxpayers are taking the mortgage-interest deduction.
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Congress expanded child tax credits significantly for 2021. For many filers with children, the child tax credits are more valuable than the personal exemption.
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The expansion of the standard deduction and repeal of the personal exemption are affecting millions of Americans.
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Estate and Gift Taxes 2020-2021: Here's What You Need to Know

Wall Street Journal - 8 Apr 2021 20:57
Assets given away during a taxpayer's life or left at death are subject to gift or estate taxes. Use this guide to understand what those taxes are and who owes them.
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SEC Seeks Clearer Disclosures to Investors of SPAC Deals

Wall Street Journal - 8 Apr 2021 20:57
Companies that go public through mergers with blank-check companies, also known as special-purpose acquisition vehicles, aren't free to tout misleading or questionable projections of future growth, a senior regulator sai...
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Many taxpayers are required to pay at least 90% of their taxes before the due date-May 17, 2021 for 2020 taxes. Use this guide to know how Covid-19 affected that.
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2020-2021 Capital Gains and Dividend Tax Rates

Wall Street Journal - 8 Apr 2021 20:40
The tax rates on capital gains and dividends depend on how long you hold an investment, your taxable income and filing status. Use this guide to know the basics.
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