Visitors take pictures by a sign posted in front of Meta headquarters in Menlo Park, California, on Jan. 29, 2025.Justin Sullivan | Getty ImagesItaly has handed tax demands to Meta, X and LinkedIn in the formal and final step in an unprecedented official VAT claim against the three U.S. web giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.While it has been reported that Facebook and Instagram parent company Meta and Elon Musk’s social network X were under investigation for alleged tax fraud, it had not been disclosed that…
Author: usaeverydaylife
Perimeter Solutions stands to benefit as wildfires grow more frequent and threaten residential areas, as evidenced by the deadly blazes in Los Angeles earlier this year, according to UBS Securities. Analyst Joshua Spector upgraded shares of the Missouri-based fire retardant producer to buy from neutral. Spector’s $14 price target implies shares can climb 54% over the next 12 months from Tuesday’s close. “We believe recent memory of L.A. wildfires will increase the call for more ability to fight, contain and prevent wildfires,” Spector wrote to clients. “This should catalyze growth in PRM’s volumes, absent growth in acres burned, and provide…
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs.The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% of its business from middle-income consumers, sustained inflation has led to “stronger demand from higher-income customers,” Creedon said on an analyst call.Dollar Tree’s success with higher-income shoppers follows similar gains from Walmart, which has made inroads with the cohort following the prolonged period of high prices.Trump’s…
“The card looked perfect.”Nick Bruce and his son “freaked out” when they pulled an autographed Lionel Messi card from a pack around the Christmas holidays at their Ferndale, Mich., home. It was a normal reaction for sports card enthusiasts discovering a rare autographed card of a superstar athlete.“Perfect” for Bruce meant sharp edges and corners, a clean surface and proper centering that would garner gem mint status from a third-party grader and boost its value even further. The authenticity of the autographed sticker on the card never crossed Bruce’s mind.Why would it?The fine print on the front of the 2021-22…
Four U.S. Army soldiers disappeared while on a training mission in Lithuania on Tuesday, prompting a search for their vehicle, which may have been submerged in a swamp, military officials said.The soldiers, all from 1st Brigade, 3rd Infantry Division, had been conducting scheduled tactical training in a training area near Pabrade, a city in eastern Lithuania, near the border with Belarus, the U.S. military said.The U.S. Army, Lithuanian Armed Forces, Lithuanian law enforcement officials and others were looking for the soldiers, the U.S. military said on Wednesday, adding that “search and recovery efforts are underway.”The four soldiers were in an…
A recent move by the Trump administration to substantially lower funding from the National Institutes of Health for research institutions around the country has investors fearing meaningful losses for life science tools companies. The NIH announced in early February that it would cap research funding at 15% for “indirect costs” – those that aren’t directly tied to specific research projects, such as overhead and administrative costs. The new cap is below the average indirect cost rate of between 27% and 28% and well under the rates of more than 60% that universities such as Harvard, Yale and Johns Hopkins receive.…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Markets are lower on Wednesday after three straight positive sessions for the S & P 500 . The energy, consumer staples and financial sectors are outperforming. Tech, on the other hand, is getting slammed with the Mag 7 showing weakness across the board. We want to highlight that the Investing Club’s cash position is lower after making our annual contribution to charities. This year, the Charitable Trust donated $113,216. Each year, all portfolio income and…
EAST LANSING, Mich. — Jase Richardson recently told the type of story everyone is familiar with. About being a kid, counting down the clock, imagining the winning shot.Only Richardson’s version was probably unlike yours, or mine, or maybe anyone’s. The specifics involved border on obsessive. When he was around 5 or 6, Richardson imagined his bedroom as an arena, and every game was the Final Four. Cosplaying wild drama, his little emotions tugged and pulled in different directions. His team would struggle early and carry a deficit into the halftime locker room — his bedroom closet — looking for answers.Down…
Treasury Secretary Janet Yellen speaking with CNBC’s Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.Joining other prominent officials in the world of economics and finance, Yellen, who also served as Federal Reserve chair, will serve on the board that meets several times a year, according to the report from Leslie Picker.The advisory board members’ mission, according to the Pimco website, is to “contribute their insights to the firm on global economic, political and strategic developments and their relevance…
Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped more than 4% after announcing on Wednesday that it would offload its Family Dollar business to a group of private-equity investors for $1 billion. Playtika — The mobile gaming stock gained more than 22% after receiving a double upgrade to buy from underperform at Bank of America. The…
