Month: November 2019

(Bloomberg Opinion) — An estimated 9 million American citizens living outside the U.S. face a tax nightmare those at home can’t imagine and none should ever suffer. The reason: The U.S. is one of only two countries in the world (the other is Eritrea) that taxes its citizens regardless of where they live.American expats don’t necessarily owe the U.S. any tax: They can deduct taxes paid to host countries, which are often higher, or take an exemption. But they have to file returns and disclosures regardless, at a significant cost in accounting fees, nuisance and needless anxiety. The rules are …read more […]

Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month. The S&P 500 , the Dow Jones Industrial Average and the Nasdaq all closed at records on Monday as China’s Global Times newspaper reported that Beijing and Washington were “moving closer to agreeing” on a “phase one” trade deal. The prospect of renewed economic growth and favorable monetary policy have arguably played greater roles than trade optimism in fueling the rally in U.S. shares, some say. …read more […]

Q3 2019 Yelp Inc Earnings Call …read more […]

Spot gold was down 0.1% to $1,454.19 per ounce by 0331 GMT, having fallen to its lowest since Nov. 12 earlier in the session. U.S. gold futures inched 0.2% lower to $1,453.80. China’s Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one agreement, two days after a report that Beijing and Washington are “moving closer to agreeing” on the deal. …read more […]

Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures were down 1 cent at $63.64 at 0331 GMT, after rising 0.4% in the previous session. West Texas Intermediate crude futures fell 5 cents at $57.96, having risen 0.4% on Monday. …read more […]

The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on. Regulator AUSTRAC last week launched legal action accusing Westpac of enabling 23 million payments in breach of anti-money laundering laws, including the facilitation of offshore payments relating to child exploitation. Here are some key quotes from Westpac and government ministers since AUSTRAC announced its action on Nov 20. …read more […]

Nov.26 — Alibaba is surging on its debut in Hong Kong, having already risen strongly in the grey market. The company raised more than $11 billion in the share sale. Bloomberg’s Sophie Kamaruddin reports on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — Turkey’s decision to move forward with deployment of a Russian-made air defense system has sparked new urgency in the the U.S. Senate to punish the NATO ally.Tests in Ankara this week of the S-400 anti-aircraft missile system will increase pressure on the U.S. Treasury to impose sanctions mandated by current law. The move will also provide more incentive for the Senate to advance additional sanctions drafted last month in response to Turkey’s invasion of northern Syria — as Republican senators personally warned Turkish President Recep Tayyip Erdogan during his visit to the White House.Even before the announcement of …read more […]