As Fed warns of turbulence ahead, markets remove their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish message on inflation registered quickly in US housing markets this summer as mortgage rates shot up and home sales slowed. But that was the one prominent and anticipated adjustment across an economy that has met the US central bank’s most aggressive shift of monetary policy in … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Senate Finance Committee looks at Amgen taxes, widening drugmaker probe

An Amgen sign is seen at the company’s office in South San Francisco, California, October 21, 2013. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 11 (Reuters) – The US Senate Finance Committee is widening its investigation into the tax practices of US drugmakers to include Amgen Inc ( … Read more

US FTC considers crackdown on how companies collect consumer information

WASHINGTON, Aug 11 (Reuters) – The US Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now … Read more

Explainer: How could the new US corporate minimum tax affect companies?

A general view of the US Capitol after United States Vice President Kamala Harris, voted on the Senate floor to break the 50-50 tie to proceed to the Inflation Reduction Act on Capitol Hill in Washington, DC, US August 6, 2022. REUTERS/ Ken Cedeno Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug … Read more

DoST grants funding to blockchain startup Twala for its digital signature innovation

Blockchain startup Twala received a P4.6 million grant from the Department of Science and Technology (DoST) – Philippine Council for Industry, Energy and Emerging Technology Research and Development (PCIEERD) to further help companies power their remote or hybrid work arrangements through its digital signature solution. The fund is part of the semiannual PCIEERD Grant Fund … Read more

Trump signals he will testify in New York probe into business practices

Former US President Donald Trump arrives at Trump Tower the day after FBI agents raided his Mar-a-Lago Palm Beach home, in New York City, US, August 9, 2022. REUTERS/David ‘Dee’ Delgado Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Former US President Donald Trump indicated he would testify on Wednesday … Read more

US accuses Chinese company of helping ZTE hide business with Iran

A sign of ZTE is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 9 (Reuters) – The US Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, … Read more

US small business sentiment edges up in July, NFIB says

People make their way in a local street of Chinatown in the Manhattan borough of New York City, New York, US, March 25, 2021. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – US small business confidence edged up in July as fuel prices eased and job openings became … Read more

Big US chicken company, Mountaire, asks contractors to oppose the transparency rule

Chicken is pictured at a poultry shop at Reading Terminal Market in Philadelphia, Pennsylvania, US February 19, 2022. REUTERS/Hannah Beier Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 5 (Reuters) – Mountaire Farms, a top US chicken company, is pressuring its contract farmers to oppose a Biden administration proposal aimed at improving … Read more