Three months ago, Big Tech’s biggest names were caught up in a congressional hearing that was rigged by politicians for their business dominance, then paraded in front of Wall Street a day later to appease them for their financial dominance. Someone must have enjoyed it, because it is going to …
Read More »Stock market leaders appear to be the most sensitive to Biden’s tax plan
Major U.S. Technologi shares are sensitive to the rise in corporate-tax, which could lead to a Democratic sweep in November, potentially reducing one of the strongest drivers of market recovery this year. Bofa Global Research estimates that the tax proposals will reduce the expected revenue of companies in the S&P …
Read More »News publishers are taking part in a lawsuit against Apple over App Store terms
Major news organizations are joining the growing chorus of companies pushing for more favorable terms in Apple Inc.’s App Store, a crucial link to new digital customers. In a letter to Apple CEO Tim Cook on Thursday, a retailer representing the New York Times, the Washington Post, The Wall Street …
Read More »Amazon is betting on office work with expansion in big cities
Amazon.com Inc. expands its physical offices into six U.S. cities and adds thousands of business jobs in those areas, an indication that the tech giant is making long-term plans for office work, even if other businesses include continued remote employment. Amazon is preparing to add 3,500 business jobs across hubs …
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