Just because you incur expenses for business reasons doesn’t mean that they automatically qualify as deductible. The Internal Revenue Code stipulates that these outlays must be “ordinary and necessary” in relation to your business. The operative word is business. Generally, what you spend to improve your appearance, general health or sense of well-being, are nondeductible […]
The Australian dollar is a “risk” currency while the yen is a “safe haven”. This makes moves quite sharp, and now the team at Barclays sees opportunities: Here is their view, courtesy of eFXnews: We expect China’s PMI to remain in contraction territory and anticipate a below-consensus decline in the Caixin PMI (48.0, versus consensus […]
Amid the wreckage of the crude oil market, Warren Buffett is betting on an oil giant. read more >>> Source : CNBC.Com
INDUSTRY giant Hitachi has pledged to stay in the UK if Britons voted to leave the European Union . read more >>> Source : The Daily Express
Janis Joplin’s 1968 Porsche 356 C SC cabriolet, complete with psychedelic paint scheme, will appear at the prestigious Amelia Island Concours next month. The car was owned and driven daily by the rock legend from 1968 until her death at the age of 27 from an overdose on October 4, 1970. According to the auction […]
Homeowners are using refis to take cash out of homes, but are doing so, however, by pulling the most conservative amounts in history. read more >>> Source : CNBC.Com
The nation’s largest car auction posted its first sales decline since 2010. read more >>> Source : CNBC.Com
AMSTERDAM, Jan 28 (Reuters) – An electric, driverless shuttle bus will take to the Dutch public streets on Thursday, rolling six passengers along a 200 metre (yard) stretch of road. read more >>> Source : Reuters
Thousands of loan providers in the UK will be required to pay a levy to fund teams tackling illegal money lending, the government has announced. read more >>> Source : BBC
Renault has opened its first assembly plant in China – the world’s biggest car market. The 870 million euro factory is a joint venture with China’s… read more >>> Source : EuroNews.Com
NEW YORK, Feb 1 (Reuters) – Global markets got February off to a cautious start on Monday following a rocky January, with stocks and oil falling in the wake of weak manufacturing reports around the… read more >>> Source : Reuters
Authorities in Singapore seize numerous bank accounts as part of their investigation into the Malaysia 1MDB scandal. read more >>> Source : BBC
Valentine’s Day is fast approaching, but thankfully OpenTable has taken all the guesswork out of which restaurant is sure to make your date swoon. The online restaurant reservation service has sorted through more than five million restaurant reviews from over 20,000 restaurants across the country to find the 100 most romantic restaurants in America. French […]
The so-called Internet of Things — the gadgets we strap to ourselves or install in our homes, offices and cars that are connected and controlled by a network — leaves a data trail for hackers. read more >>> Source : CBC.Ca
Read full story for latest details. read more >>> Source : CNN Money
North American stock markets were off to a rocky start this morning as lower oil prices and weak manufacturing data from China and the U.S. set a gloomy mood for investors on the first trading day of February. read more >>> Source : CBC.Ca
Is your company doing these 4 things to advance women? Part 4 of 4. The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will. Vince Lombardi* In the past several months I have attended over 15 women’s leadership events and […]
The parent company of Tim Hortons and Burger King is committing to serving cage-free eggs at all Canadian, American and Mexican locations by 2025. read more >>> Source : CTVNews.Ca
NEW YORK, Feb 1 (Reuters) – Global bitcoin exchange Kraken said on Monday Japanese venture capital firm SBI Investment will invest in the company and lead a Series B round of financing for the… read more >>> Source : Reuters
Movies which contain smoking scenes or tobacco imagery “should be given an adult rating”, a WHO report suggests. read more >>> Source : CNBC.Com
Investment bankers are not always that popular in Silicon Valley. They’re sometimes seen as impersonal, overly corporate, and more pushy than venture capitalists. But there are a few bankers who’ve earned strong reputations for themselves in the Valley. Tech media startup The Information polled its subscribers on their favorite dealmakers. Goldman Sachs was ranked the […]
U.S. construction spending barely rose in December as spending on nonresidential structures recorded its biggest drop since 2013. read more >>> Source : CNBC.Com
China’s crackdown on corruption includes kidnapping CEOs. These human rights violations will have a chilling effect, says professor Michael Posner. read more >>> Source : CNBC.Com
Alphabet is about to pull back the curtain just a bit on its some of its most secretive businesses. read more >>> Source : CNN Money
Morgan Creek’s Mark Yusko says “a lot of companies” are going to go bankrupt because of oil debt. read more >>> Source : CNBC.Com
WASHINGTON, Feb 1 (Reuters) – U.S. construction spending barely rose in December as spending on nonresidential structures recorded its biggest drop since 2013, suggesting a mild downward revision to the advance fourth-quarter GDP growth estimate. read more >>> Source : Reuters
Credit A report by the U.S Census Bureau shows that 36.5 million Americans relocated in 2012 alone. Personally I have had to move a couple of times in the past too, and the last time I did, it was a stressful task. Relocating a business is a tough task and the stress involved is enormous. […]
By Bruno Federowski SAO PAULO, Feb 1 (Reuters) – Most Latin American currencies fell on Monday as weak Chinese economic data and a new drop in oil prices weighed on demand for riskier assets…. read more >>> Source : Reuters
After 15 years of near austerity, U.S. airlines are restoring some small perks for passengers crammed into coach. read more >>> Source : CTVNews.Ca
The chairman and chief executive of Amaya Inc. has told the company’s board of directors that he’s interested in buying out other shareholders for $21 per share in cash — 40 per cent above the Friday closing price. read more >>> Source : CBC.Ca
SAINT-NAZAIRE, France, Feb 1 (Reuters) – Cruise ship company MSC Cruises on Monday confirmed orders for four ships in a 3-billion-euro ($3.26 billion) deal that will secure thousands of jobs at the STX shipyard in St-Nazaire in the west of France. read more >>> Source : Reuters
BUDGET airline Ryanair is set to chop tickets prices in the coming months to offer more travellers bargain getaways. read more >>> Source : The Daily Express
HSBC has told its staff that it there will no pay rises and no new employees hired this year. It is part of plans to make annual cost savings of up… read more >>> Source : EuroNews.Com
Hao Zou is not your typical young finance star. In fact, it’s a wonder the 29-year-old ex-PIMCO portfolio manager got a job in finance at all — and he’s the first to say it. It’s a good thing he did, though, because he went on to rise through the ranks at the giant bond firm […]
Oilman Boone Pickens says U.S. crude prices should double within 12 months. read more >>> Source : CNBC.Com
U.S. stocks suffered their worst January in at least seven years last month. But have markets been too hasty to call a global economic slump? read more >>> Source : CNBC.Com
Chemist chain Boots announces that it is cutting between 300 and 350 assistant store manager jobs in the UK. read more >>> Source : BBC
Hello traders. Hope you had a nice weekend. Overnight news from China manufacturing PMI was not so bad. Came down a few decimal points from the expected, which is good news for markets. Later on we have the Core Personal Consumption Expenditure and the ISM Manufacturing in the US as the main events. Indices are […]
MOSCOW, Feb 1 (Reuters) – The Russian state should retain control of strategic companies when privatising stakes in those firms, President Vladimir Putin said on Monday, stressing the sell-offs must… read more >>> Source : Reuters
Further confirmation that the boom times are over in China, with word that manufacturing there contracted in January at its fastest pace in almost… read more >>> Source : EuroNews.Com
COLOMBO, Feb 1 (Reuters) – Sri Lankan shares rose for a third straight session on Monday to end at their highest in more than a week led by large-caps, but trading volume slumped to a more-than-one-month low. read more >>> Source : Reuters
The rupee declined by six paise to close at 67.84 against the American currency on dollar demand from banks and importers ahead of the RBI policy meet. read more >>> Source : EconomicTimes.IndiaTimes.Com
Note to editors: This post is coauthored with authorized HuffPo blogger Source: Gurkaynak, Sack, Wright (2006, with updates). Financial markets are global, so it would be very strange if this decline in real interest rates were just a local U.S. phenomenon. That is, because capital can flow easily across borders–especially those of advanced economies–risk-free real […]
For young people working hard on Wall Street, it’s easy to get caught up in the daily grind and lose sight of what’s important. But one successful young Wall Streeter told Business Insider how crucial it is to regain that perspective. Michelle Domanico, a principal in credit at investment giant KKR, has seen financiers young […]
Is Ho Chi Minh City the fastest-aging nation in recorded history? Those who think Japan or Finland has the fastest aging population might be shocked to know that Vietnam ranks number one. It will take a little more than 15 years for the share of Vietnamese aged 65-plus to go from 7 to 14 percent […]