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Economy

It's unclear how many people were impacted by the website crash but, by comparison, about five million tax returns were filed on the final day of last year's tax season. State officials say that income tax returns for MI and Detroit income tax can be filed online or mailed. The service that taxpayers use to file online was partly down throughout Tuesday morning and afternoon.
  • Netflix (NFLX) Research Coverage Started at Monness Crespi & Hardt

    Netflix (NFLX) Research Coverage Started at Monness Crespi & Hardt

    Economy

    Tracking current stock price levels in relation to some other popular moving averages, we have noted that the stock is trading 2.44% away from the 50-day MA and -1.97% off of the 20-day MA. Generally, Beta can be used as a dimension of volatility in the capital asset pricing model (CAPM), which weights up the expected return on investment (ROI), depending on its beta and expected returns of the market.
  • Uber launches its own car-sharing service, Uber Rent

    Uber launches its own car-sharing service, Uber Rent

    Economy

    Uber CEO Dara Khosrowshahi announced the carshare program will begin San Francisco while at an event in Washington, D.C. The company's interest in investing in bike sharing and public transit should not be interpreted as a move away from self-driving cars, he added.
  • Police pay gap reveals 10% hourly difference

    Police pay gap reveals 10% hourly difference

    Economy

    White women in America make about 80 cents for every white male's dollar, while Latina women make 54 cents, and black women make 63 cents, according to the American Association of University Women . "We can definitely relate to the challenges of not only having one income to live on, but that one income not being as high as that of a man", said Jennifer Risley, maketing manager for The Works.
  • Formula One: Raikkonen explains pit-lane incident that hospitalised mechanic

    Formula One: Raikkonen explains pit-lane incident that hospitalised mechanic

    Economy

    However, Ferrari's dominant display on track and on the pit-wall in Bahrain will definitely give everyone hopes of a Ferrari versus Mercedes repeat this season. Ferrari has been hit with a €50,000 ($61,410) fine by governing body FIA for exiting the pit stop "in a manner endangering team personnel and causing injury".
  • Pittsburgh Pirates vs. Chicago Cubs, 4-9

    Pittsburgh Pirates vs. Chicago Cubs, 4-9

    Economy

    Monday, but the team is now hoping to start at 2:20 p.m. The Cubs have pitched well overall, and their team ERA of 2.59 is second in the National League to the New York Mets' mark of 2.40. Nine games into the season, Maddon isn't ready to take any chances. Giancarlo Stanton and J.D. Martinez get their first swings in the Yankees-Red Sox rivalry when aces Luis Severino and Chris Sale start at Fenway Park in the opener of 19 games between the AL East powers.
  • Sugar Tax: UK government's sugar tax comes into effect

    Sugar Tax: UK government's sugar tax comes into effect

    Economy

    The move aims to help tackle childhood obesity. The UK's sugar tax , or soft drinks levy, comes into force today meaning manufacturers will be forced to reformulate or pay an extra levy on high sugar beverages. The delayed introduction of the sugar tax is still not sufficient to give firms adequate time to prepare, a senior tax expert has claimed. Lastly, an expected revenue of £240m ($340) is expected to be raked by the government - that money will be invested in schools sports and ...
  • China Trade War Could Hit Global Economic Recovery

    China Trade War Could Hit Global Economic Recovery

    Economy

    The United States on Tuesday said it would impose 25 percent duties on $50 billion of imports from China , and China quickly retaliated by listing $50 billion of products that it could hit with its own 25 percent tariffs. "We maintain our China GDP growth forecast of 6.5 percent given strong Q1 growth and uncertainty on USA remedies", said the report . "Our action is restrained".
  • President Trump goes off script

    President Trump goes off script

    Economy

    European shares followed their Asian counterparts into the red but the falls were limited, and the broader ups and downs for markets this week suggest investors are not yet convinced the row will escalate into a full-blown trade war that threatens global economic growth.
  • Wall Street tumbles on tech sector, trade war worries

    Wall Street tumbles on tech sector, trade war worries

    Economy

    The S&P 500 fell 0.71 per cent to 2,595.96 and the Nasdaq Composite dropped 0.81 per cent at 6,885.06. The Dow Jones industrial average lost 459 points Monday, a 1.9 percent loss, after falling by more than 700 points hours before closing.
  • Tesla Misses a Target, But Progress Eases Concerns

    Tesla Misses a Target, But Progress Eases Concerns

    Economy

    Right now, tho, better to divide & conquer, so I'm back to sleeping at factory. Some analysts said there were signs that the company might have prioritized the cheaper vehicle, seen as crucial to its profitability, over its Model X SUV and more-established and expensive Model S sedan.
  • Panera Bread says it fixed website security flaw exposing customer records

    Panera Bread says it fixed website security flaw exposing customer records

    Economy

    Thankfully, there was no payment information, but it would have been very easy for eavesdroppers to harvest the information and use it for identity fraud or spam campaigns. "No, the flaw never disappeared", Houlian told Krebs. Panera Bread knows how to make a delicious sandwich, that is something we can confidentially say (The Italian is this editor's go-to item on the menu).
  • Turkish manufacturing PMI falls sharply but still in growth territory in March

    Turkish manufacturing PMI falls sharply but still in growth territory in March

    Economy

    Export growth has more than halved since late previous year, linked in part to the appreciation of the euro and, in some cases, demand is being stymied by higher prices. Affin Hwang Investment Bank Bhd chief economist Alan Tan said Malaysia's manufacturing growth remains to be in the range of 5% in the first half of 2018 (1H18) supported by the robust economic growth, compared with 6% in 2017.
  • Trump Reportedly Suggested Putin Come To The White House

    Trump Reportedly Suggested Putin Come To The White House

    Economy

    President's Administration website reported . President Donald Trump holds hands with the Easter Bunny on the Truman Balcony of the White House in Washington, Monday, April 2, 2018, during the annual White House Easter Egg Roll . Washington expelled 60 Russian diplomats and closed Russian consulate in Seattle in face of fear that it would be used as a base for espionage. Russian Federation denies involvement and has retaliated against the diplomatic sanctions in kind.
  • South Korea pop stars to perform in rare North Korea concert

    South Korea pop stars to perform in rare North Korea concert

    Economy

    The emcee of yesterday's concert was a popular member of K-pop band Girls' Generation, Seohyun , who had performed with the visiting North Korean singers during their Seoul concert in February. This year's drills feature fewer strategic weapons such as a nuclear-powered aircraft carrier, Seoul's military has said. Such deployments during past drills has frequently drawn an angry response from Pyongyang.
  • Amazon shares fall on Reports of Trump Altering Tax Treatment

    Amazon shares fall on Reports of Trump Altering Tax Treatment

    Economy

    It has outperformed by 20.71% the S&P500. Regis Management CO LLC raised its stake in shares of Amazon .com by 0.9% in the second quarter. ( AMZN ) by 316.67% based on its latest 2017Q3 regulatory filing with the SEC. Baird. Deutsche Bank restated a "buy" rating on shares of Amazon .com in a report on Monday, March 12th. ALBERG TOM A had sold 2,285 shares worth $3.35M.
  • Former Pakistani Diplomat Urges Country To Invite India To Negotiating Table

    Former Pakistani Diplomat Urges Country To Invite India To Negotiating Table

    Economy

    Pakistan's wisdom lies in bringing India to the negotiating table because war is not a favourable solution, the country's former ambassador Hasan Habib recently said at an event titled "Indian hegemonic design and its implications" organised by the Rabita Forum International in Karachi, Pakistan's frontline publication Dawn reported.
  • Wall Street is nervous about a trade war: Dow sinks 500 points

    Wall Street is nervous about a trade war: Dow sinks 500 points

    Economy

    The S&P 500 fell 55 points, or 2.1 percent, to 2,588. The Dow is on pace for one of its worst-performing months since 2015 as investors grow anxious that Trump's trade policies and their fallout could upset a robust global economy. Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about $3 billion worth of imports of United States goods.