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Business

“Coca-Cola Owes $6 Billion to IRS, Tax Court Rules”

“A U.S. Tax Court judge has ruled that Coca-Cola is on the hook for about $2.7 billion, or about $6 billion including interest, in a long-running dispute with the Internal Revenue Service. The Atlanta beverage giant said Friday that it… Continue Reading…

Stocks

“6 Artficial Intelligence (AI) Stocks Are Worth Over $1 Trillion. Here Are the 2 Most Likely to Join the Club Next.”

“…Next in the club Which AI companies are in the best position to join these six in the $1 trillion club? My votes go to Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM)… While I predict Broadcom and Taiwan Semiconductor will be the next… Continue Reading…

Stocks

“GM board approves new $6 billion share buyback authorization” [TUE, JUN 11 2024]

“… …” https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

Stocks

“Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit”

“…Net income attributable to ordinary shareholders came in at 3.3 billion yuan, down 86% year on year. Shares of Alibaba closed down 6% in the U.S. after falling as much as 8.1% in the first hour of trading…” https://www.cnbc.com/2024/05/14/alibaba-baba-earnings-q4-2024.html The… Continue Reading…

Economy

“$6 Trillion in Taxes Are at Stake in This Year’s Elections”

https://www.wsj.com/politics/policy/6-trillion-in-taxes-are-at-stake-in-this-years-elections-ee4353ed This article is behind a pay wall but let me guess. Republicans want tax cuts and Democrats don’t. As for the “powers that be” They see Donald Trump winning the election. “U.S. executives in Davos see a Trump victory… Continue Reading…

Business

“Johnson & Johnson forecasts as much as 6% sales growth in 2024”

“Johnson & Johnson on Tuesday forecast revenue growth of 5% to 6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara… The company expects full-year adjusted operational… Continue Reading…

Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

Economy

“Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates”

“…The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an estimate by Moody’s RMS on Tuesday… The wildfires are the worst disaster in Hawaii state history. At least 115 people… Continue Reading…

Economy

“UK Headed for Recession if Rates Reach 6%, Economist Says”

“Britain could tip into a shallow recession if the Bank of England pushes its benchmark lending rate to 6% as investors expect, an analysis by Bloomberg Economics showed. Gross domestic product would shrink about 0.3% this year and by 1.4%… Continue Reading…

Real Estate

“Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%”

“…“The 30-year fixed mortgage rate hit the 6% mark for the first time since 2008 – rising to 6.01% – which is essentially double what it was a year ago,” said Joel Kan, MBA’s associate vice president of economic and… Continue Reading…