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Economy

“Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law”

“Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and finance expensive plans she wants to pursue as president…” https://www.cnbc.com/2024/08/19/harris-proposes-raising-the-corporate-tax-rate-to-28percent-rolling-back-a-trump-law.html Americans are overtaxed as is. We’re being robbed… Continue Reading…

Cryptocurrencies

“Bitcoin plunged 28%. Institutional investors bought the dip”

“Spot crypto exchange-traded funds show that many investors bought the dip this week. The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in value just as markets in Japan were nosediving. The next read… Continue Reading…

Economy, Personal Finance

“28% of Americans Think They’ll Be Stuck Having to Live Frugally in Retirement…”

“…As such, it’s not that surprising to learn that 28% of workers today think they’ll have no choice but to live frugally as retirees, according to data from Natixis…” https://finance.yahoo.com/news/28-americans-think-theyll-stuck-121800115.html Listen, if you are a millennial do not expect social security to… Continue Reading…

Business

[Splunk] “…just sold for $28 billion”

“Michael Baum’s cybersecurity software company, Splunk, just sold to Cisco for $28 billion. It might have never even existed if Steve Jobs didn’t visit Drexel University in 1983…” https://www.cnbc.com/2023/09/23/splunk-sold-for-28-billion-steve-jobs-inspired-co-founder-in-college.html Most of the article was not about the business itself so I… Continue Reading…

Business, Stocks

“Cisco To Acquire Software Maker Splunk In $28 Billion Cash Deal”

“Cisco Systems (CSCO) on Thursday said it will acquire software company Splunk (SPLK) for $28 billion in cash. Splunk shares surged on the news but CSCO stock fell. Cisco will buy Splunk for $157 per share, a 31% premium to the software firm’s… Continue Reading…

Business

“Most Adani shares continue bloodbath as Asia’s richest man loses $28 billion in a month”

“Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world’s top five richest to seventh place on the Bloomberg’s Billionaire Index. His net worth fell $27.9 billion year-to-date, the index… Continue Reading…

Business

“Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan”

“Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers… Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20%… Continue Reading…

Cryptocurrencies

“El Salvador’s Bitcoin Losses Swell to 28% as Bukele Buys More”

“Bukele’s bought 2,301 Bitcoins for the government since making them legal tender back in September, based on his announcements on Twitter. That includes a purchase of 500 coins yesterday as their price plunged below $31,000, extending a wild six-month sell-off.… Continue Reading…

Business

“Walmart’s Stock Up 28% in 2020, and Two More Numbers to Know”

“Walmart’s Stock Gains 28% in 2020… Walmart has been one of 2020’s biggest non-tech winners. While many local competitors were forced to close during the spring lockdowns, Walmart’s megastores were allowed to remain open because they sell groceries and often… Continue Reading…

Economy

“28 percent of Americans say they’ve already lost wages due to coronavirus: poll”

“Twenty-eight percent of those surveyed said they’d already “lost wages or other personal income.” Another 16 percent said they were laid off or furloughed from work, and an additional 28 percent said they lost what they considered a “substantial amount” from… Continue Reading…