Article: Tesla, Delta and Target Rise Premarket; Fastly Falls

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Tesla, Delta and Target Rise Premarket; Fastly Falls

Peter Nurse, 08 June 2021

Investing.com — Stocks in focus in premarket trade on Tuesday, June 8th. Please refresh for updates.

Tesla (NASDAQ:TSLA) stock rose 2.9% on strong sales in China, a major market for the electric vehicle maker, shrugging off the news that long-time executive Jerome Guillen, who headed up the commercial truck sector of the company, has left the company.

Clover Health (NASDAQ:CLOV) stock rose 35% as small-time retail investors again piled into some of the most heavily shorted U.S. stocks. The U.S. Securities and Exchange Commission has said it was looking into signs of market manipulation following the social-media driven rally of a number of so-called meme stocks. Continue reading “Article: Tesla, Delta and Target Rise Premarket; Fastly Falls”

Article: Banking Is Center Stage as Iran Seeks Nuclear Deal That Delivers

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Banking Is Center Stage as Iran Seeks Nuclear Deal That Delivers

Golnar Motevalli, 09 May 2021

Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers.

“The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money transfer between them and major foreign correspondent banks, needs to be verified,” Abdolnaser Hemmati, the governor of the Central Bank of Iran, said in answers to written questions, referring to restrictions on Iranian access to the Belgium-based global payments system. Continue reading “Article: Banking Is Center Stage as Iran Seeks Nuclear Deal That Delivers”

Article: Half of S&P 500 report more money for foreign taxes than U.S. taxes

Article - Media, Publications

Half of S&P 500 report more money for foreign taxes than U.S. taxes

STEPHEN GANDEL, 09 April 2021

Nearly half of the large U.S. companies that make up the S&P 500-stock index set aside more money to pay foreign taxes in 2020 than they did for payments to the U.S. government — a lot more money.

In all, 241 S&P 500 companies last year earmarked a combined $73 billion for taxes to foreign governments and just $6.7 billion to cover U.S. taxes, according to a CBS MoneyWatch analysis of the companies’ regulatory filings and data from financial information firm FactSet. That’s a foreign-to-domestic tax ratio of more than 10-to-1.

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