Day: April 16, 2018

Tess Torelli April 16, 2018

China increased its Treasury holdings in February by $8.5 billion, its biggest purchase in six months, but Japan’s holdings declined. China’s Treasury holdings rose to just under $1.18 trillion, according to the Treasury. Foreign net buying of Treasurys was $43.2 billion for the month. As trade tensions between the U.S. and China increase, so has […]

Tess Torelli April 16, 2018

The Internal Revenue Service views bitcoin and other cryptocurrencies as property, meaning profits from transactions are subject to capital gains tax. Bitcoin rose more than 1,300 percent last year, and as a result, U.S. households will owe roughly $25 billion in taxes for digital currency holdings, according to Tom Lee, head of research at Fundstrat […]

Vinnyd April 16, 2018

Third seed UCLA will play Kent State in round one of March Madness. One player to watch is UCLA freshman Lonzo Ball. The star point guard is projected to be a top NBA draft pick after just one year in college, and his two younger brothers are dominating the high school competition. Dana Jacobson met […]

Tess Torelli April 16, 2018

German software maker SAP expects to generate new business in the Middle East as a result of Saudi Arabia’s “Vision 2030” plan, a senior executive at the company told Giftofaservant. There is a big push toward cloud computing in Saudi Arabia, according to Luka Mucic, chief financial officer at SAP. “Companies both in the private […]

Tess Torelli April 16, 2018

Chances are, you are confused about your credit card rewards, frequent flyer programs and hotel loyalty programs. And that means you’re probably leaving real money on the table. Many Americans don’t understand these programs, according to a new survey from NextAdvisor, which reviews online services. More than half of those surveyed said they are befuddled […]

Tess Torelli April 16, 2018

T-Mobile will pay $40 million to the U.S. Treasury to settle accusations that it failed to improve call delivery for rural customers. The Federal Communications Commission announced the fine on Monday, after an investigation showed a “practice of injecting false ring tones” into hundreds of millions of calls. The FCC opened the investigation after T-Mobile […]

Tess Torelli April 16, 2018

It’s not often environmentalists and the oil industry find themselves on the same side of an argument, but FirstEnergy Solutions’ plea for emergency government assistance has united some unlikely bedfellows. The American Petroleum Institute, the oil and gas industry association, released a letter calling for the Trump Administration to “let markets work” by denying the […]

Tess Torelli April 16, 2018

Meanwhile, Australia’s S&P/ASX 200 tacked on 0.21 percent to end at 5,841.30, with gains led by energy and utilities stocks. Greater China markets underperformed their regional peers. Hong Kong’s Hang Seng Index slid 1.75 percent by 3:10 p.m. HK/SIN as financials and technology names took a hit. Property developers were also downbeat, with China Evergrande […]