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

Salman Rushdie: Famed author remains hospitalized after stabbing attack as venue faces scrutiny over security

Later in the day, Rushdie was put on a ventilator and was unable to speak, his agent, Andrew Wylie, told The New York Times. He will likely lose an eye, Wylie said. “The nerves in his arm di lui were severed; and his liver di lui was stabbed and damaged. The news is not good.” … Read more

Novelist Salman Rushdie on ventilator after New York stabbing

NEW YORK, Aug 12 (Reuters) – Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, was stabbed in the neck and torso onstage at a lecture in New York state on Friday and airlifted to a hospital, police said. After hours of surgery, … Read more

Five of China’s biggest state firms worth $ 318 will soon delist from Wall Street

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on US stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest US-listed, state-owned giants, valued at a collective $ 318 billion, announced they would exit Wall Street instead, marking an acceleration in the US-China financial … Read more

S&P 500, Nasdaq close up 4th straight week as optimism grows

Nasdaq, S&P 500 post longest weekly win streaks since November S&P 500 recovers 50% of bear market losses S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market … Read more

Five Chinese state-owned companies to delist from NYSE

SHANGHAI / HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina … Read more

Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation … Read more

US gasoline prices fall below $ 4 for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip US retail price hit a record in June Aug 11 (Reuters) – The average price of US retail gasoline fell below $ 4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s … Read more

Kobe Bryant crash photo lawsuit: Images were shared among dozens of LA County employees, lawyer alleges in opening statements

Vanessa Bryant’s federal lawsuit claims that photos taken of the victims’ remains, including those of her daughter and husband, were shared in settings irrelevant to the investigation, including at a bar and an awards gala. Her attorney, Luis Li, presented a flow chart of how initial photos spread from one deputy to more than a … Read more

Longtime KTVU anchor and reporter Leslie Griffith dies

Longtime KTVU anchor and reporter Leslie Griffith dies Former longtime KTVU anchor and reporter Leslie Griffith has died. Viewers news may remember her as she spent more than two decades anchoring the 10 pm news alongside veteran anchor Dennis Richmond. OAKLAND, Calif. – Leslie Griffith, a longtime journalist who graced television screens for more than … Read more