Google moved 16 bn euros to Bermuda to avoid tax: Bloomberg

Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reported on Wednesday, quoting regulatory filings in the Netherlands. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich”, to shield the majority of its international profits from taxation,… Please follow and like us:

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U.S. CEOs Make The Most Globally

It pays to be a chief executive officer in the United States, according to a new report revealing that the pay gap between U.S. CEOs and their employees is larger than in any other country. Related: How the Rich Get Rich: These Tech CEOs Are Making Bank The U.S. CEOs of the top publicly traded companies… Please follow and like us:

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Bitcoin’s price is skyrocketing. Even Uber drivers and house cleaners want in.

Keith Ellison’s first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band’s offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach, Calif., investment analyst, who advised the friend to… Please follow and like us:

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Net Investment Flows Turn Positive As Growth Picks Up

Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member companies beating analyst expectations. Even… Please follow and like us:

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How Exchange Rules Can Ease Turbulent Markets

Most Mondays we all just want to ease into the week, uneventfully. But on one particular Monday, a large overnight selloff in the Chinese equity market had many market observers anticipating a less than smooth start to Aug. 24, 2015. Shortly after the opening bell, the Dow Jones Industrial Average Index tumbled 6% and the S&P… Please follow and like us:

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If Google invests in Lyft, what does that mean for Uber?

SAN FRANCISCO — Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports on Thursday from Bloomberg and Axios that Google’s parent company, Alphabet, is mulling a $1 billion investment in Uber’s archrival, Lyft, suggest that Uber’s ongoing… Please follow and like us:

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Commodities Decreased in March due to Supply Expectations

NEW YORK, April 18, 2017 /PRNewswire/ — Commodities decreased in March, driven by shifting supply expectations, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 18 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: Agriculture decreased 5.83%, led lower by… Please follow and like us:

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As Passive Investing Grows Bloomberg Terminal Suffers

It seems passive investing is even starting to hit the likes of the Bloomberg Terminal , which according to the Financial Times and research by Burton-Taylor International saw the number of its Bloomberg terminals drop by 3,145 in 2016, only the second time in history such a drop has been recorded. Morgan Stanley predicts that Bloomberg… Please follow and like us:

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Perception RiskPerception Risk

A friend emailed me a Bloomberg article last week regarding the next “big short” in retail-backed mortgage securities. The article stated, “Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.” It was a good article and flowed as I expected. In effect, retailing is in trouble, malls are in trouble, so… Please follow and like us:

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Ackman’s Valeant Trade Could Go Down As One Of The “Worst” In History

If you’re looking for a case study of what a horrible idea it is to invest based on what billionaires invest in, look no further than Bill Ackman (head of Pershing Square Hedge Fund) and his disastrous Valeant trade. This week, Ackman finally got rid of his remaining Valeant shares, totaling roughly $4 Billion in losses.… Please follow and like us:

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Chinese CEOs Protest Curbs on Foreign Investments

China is witnessing a rare protest from heads of some major Chinese companies who say government controls on the outflow of funds are hurting their ability to strike business deals overseas. Starting late last year, the government began imposing strict controls on currency transfers in a desperate bid to curb outbound investments and stop the yuan… Please follow and like us:

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The Bull Market Just Turned Eight; Apple has surged more than 1,080 percent

Eight years ago this week, President Barack Obama gave investors a surprisingly hot trading tip. In office less than two months, he commented that we were at “the point where buying stocks is a potentially good deal if you’ve got a long-term perspective.” Obama couldn’t have known then how accurate his call was. The market found… Please follow and like us:

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America Winning: Economy Adds 235,000 New Jobs

The new jobs report released by the Bureau of Labor Statistics on Friday appears to be yet more evidence that President Donald Trump’s policies and priorities are renewing confidence in the American economy. Non-farm payroll employment rose by 235,000 in February, according to the report, while the unemployment rate dropped slightly to 4.7 from 4.8. Significant… Please follow and like us:

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Wall Street Is Not Impressed With Tesla’s Incredibly Weird Business Model

Analysts are growing increasingly pessimistic about Tesla’s outlook, according to an analysis by Bloomberg. A disturbingly high number of analysts do not expect the electric company’s value to increase over time. More than 14 analysts expect Tesla’s valuation to fall $48 below its current stock price, the outlets report noted. Bloomberg’s report suggests analysts are expressing… Please follow and like us:

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Why tariffs on Mexico won’t raise prices

Every day it seems, someone somewhere, whether it’s in the Wall Street Journal, Automotive News, or Bloomberg Businessweek (all of which I subscribe to) is saying that if we were to raise tariffs on imports from Mexico that it would automatically result in higher prices on all products for all American consumers. Few things could be… Please follow and like us:

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