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Tesla shares dropped more than 8% on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate that Musk’s increasingly pointed rhetoric suggests strain in the relationship that has benefited his sprawling empire of businesses. President Trump said on Thursday that Musk was upset because the bill took…
Nonfarm payrolls for May due on June 6 Fiscal legislation in focus in Washington Rulings on Trump’s tariffs muddies trade backdrop NEW YORK, – Key U.S. economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the U.S. market closing in…
US stock indices opened mixed on Thursday after the House of Representatives cleared President Donald Trump’s tax bill, which is expected to burden the country with trillions in debt. At 09:49 a.m. ET, the Dow Jones Industrial Average fell 72.70 points, or 0.17%, to 41,790.95, the S&P 500 lost 8.11 points, or 0.14%, to 5,836.38,…
Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill. At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The S&P 500 fell 30.3 points, or 0.51%, to 5,910.18, while the Nasdaq Composite dropped 139.8…
US stock indices declined on Tuesday as investors focused on the fate of President Donald Trump’s giant tax cut proposal. The legislation is expected to face a close vote later this week. “We have a tremendously unified party,” Trump told reporters as he arrived at Capitol Hill on Tuesday to encourage Republicans to resolve their…
However, experts have cautioned about potential risks related to liquidity, taxation, and regulatory compliance. In a consultation paper released on 17 April, Sebi proposed increasing the single issuer investment limit for equity schemes from 5% to 10% of net asset value (NAV) and raising the overall investment limit in REITs and InvITs for equity and…
VENICE, Italy (AP) — Venice is charging day-trippers to the famed canal city an arrivals tax for the second year starting Friday, a measure aimed at combating the kind of overtourism that put the city’s UNESCO World Cultural Heritage status at risk. A UNESCO body decided against putting Venice on its list of cultural heritage…
ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about ₹3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated…