Business News

  • Even after Biden tax hike, U.S. firms would pay less than foreign rivals

    (Reuters) - U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden, according to a Reuters analysis of filings by hundreds of U.S. and international firms.

  • Record-high U.S. house prices, tight supply weigh on sales

    WASHINGTON (Reuters) - U.S. home sales fell for a fourth straight month in May as record-high prices amid low inventory frustrated potential buyers, a trend that could persist for a while, with builders unable to deliver more houses because of expensive lumber.

  • Krispy Kreme eyes near $4 billion valuation in U.S. IPO

    (Reuters) -Krispy Kreme Inc is targeting a valuation of nearly $4 billion in a U.S. initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity.

  • Nasdaq hits record high as Big Tech roars back

    (Reuters) - The Nasdaq hit an intra-day record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf growth companies, while investors awaited remarks about the economic recovery from Federal Reserve Chair Jerome Powell.

  • Amazon sees Prime Day sales boost amid supply chain snags

    (Reuters) - Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.

  • Facebook expands Shops to WhatsApp, Marketplace in commerce push

    (Reuters) -Facebook Inc is expanding its "Shops" feature to its messaging app WhatsApp in several countries and to Facebook Marketplace in the United States, the company said on Tuesday as it announced changes to its commerce tools.

  • Like 'Terminator,' high-tech cyber crime to 'keep coming'

    NEW YORK (Reuters) - Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc said on Tuesday.

  • Twitter opens applications to test new content subscription features

    (Reuters) - Twitter Inc said Tuesday it will seek applications from users who want to be the first to test new content subscription and ticketing features, as the social platform works to build more ways for users to earn money.

  • U.S. business borrowings jump 20% in May - ELFA survey

    (Reuters) - U.S. companies borrowed $8.1 billion for capital investments in May, 20% higher than last year, the Equipment Leasing and Finance Association (ELFA) said, as an economic recovery fueled by rising vaccinations and easing curbs drove up demand.

  • Egypt eyes surge in fintech investment after new laws

    CAIRO (Reuters) - New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country's largely unbanked citizens do business, industry players say.

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