Expect Tax Cuts
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Alabama Approves Tax Breaks for Businesses That Help Employees Afford Child Care
A unanimous vote in the state legislature will create a $15 million tax credit pool for companies that offer childcare stipends, on-site day care, or reserved spots at licensed facilities.Inc. - Business -
Shakira should not be subject of 2nd probe into her taxes, Spanish prosecutors say
Spanish state prosecutors recommended Wednesday that an investigating judge shelve a probe into another alleged case of tax fraud by pop star Shakira.NBC News - Top stories -
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Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Biden campaigning in Wisconsin, expected to announce expansion of Microsoft facility
President Biden is hitting the campaign trail in Wisconsin Wednesday, where he's expected to tout his Investing in America agenda and announce the expansion of a Microsoft Data Center in the state. CBS News campaign reporter Aaron Navarro has more.CBS News - Top stories - Joe Biden -
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Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.MarketWatch - Business -
Brutal summer heat expected in US as planet records 11th consecutive warmest month
Earth has just experienced its 11th-hottest month on record -- a preview of the brutal temperatures forecast for the summer, according to scientists.ABC News - Top stories -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business -
Israel’s Rafah attack cuts aid for Gaza to a trickle
US to assess whether Netanyahu’s government is breaching international law by restricting suppliesFinancial Times - Business - Israel -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Alstom to Cut Costs, Forecasts Higher Profits
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.The Wall Street Journal - Business