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Canada Enacts Digital-Services Tax Amid Risks of U.S. Trade Retaliation
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The Wall Street Journal - World
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and ... -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The Wall Street Journal - World
U.S. Stocks Trade Mostly Higher
Stock indexes were mixed in the shortened trading session, with the Nasdaq Composite and S&P 500 both on pace to hit fresh records. The Dow industrials slipped. -
The Wall Street Journal - Business
Netflix, Disney Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
Netflix, Walt Disney, and other U.S. streaming companies have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to finance local broadcast news and other domestic content. -
MarketWatch - Business
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022. -
MarketWatch - Business
How a burger-shack owner allegedly toppled a government and evaded taxes on $7 billion in U.S. military contracts
Douglas Edelman has been charged with hiding $350 million in income. He allegedly spent the money on yachts and an Austrian chalet. -
The Guardian - World
EU brushes aside risk of China trade war over electric vehicle tariffs
Higher tariffs on Chinese EV imports to come into force despite carmakers’ fears of retaliation. Business live – latest updatesThe EU’s top trade official, Valdis Dombrovskis, has brushed aside concerns of trade-war retaliation from Beijing ...China -
CNBC - Business
Can Israel's Iron Dome be overrun? System's capabilities in focus amid rising risk of war with Hezbollah
As Israel faces the prospect of a two-front war against Hamas and Hezbollah, military experts warn its advanced Iron Dome defense system could be overwhelmed.Israel -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand.
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The Wall Street Journal - World
Biden's Wall of Support Shows More Cracks
Rep. Angie Craig (D., Minn.) became the fifth congressional lawmaker to publicly call on Biden to step aside.Joe Biden -
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Presidential Historian Explains Why Dropping Biden Won't Help Democrats
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Kindred Spirits: How to Get Into Booze Collecting
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The Wall Street Journal - World
Keir Starmer Says He Will Change Britain. But Who Will Pay for It?
Growing budget constraints mean the new prime minister could face a tough choice between higher taxes or spending cuts.