Tesla CEO Elon Musk to pay largest ever tax bill by U.S. individual

Tesla CEO Elon Musk

Tesla CEO Elon Musk to pay largest ever tax bill by U.S. individual tesla seo element is set to pay the largest tax by any individual in u.s history pbwell reported on wednesday that damask is likely to end up with a tax bill of some 10.7 billion u.s dollars after settling his stock options for the year the world’s richest man is expected to pay the bill from the exercise of his shares in november in accordance with the top federal income tax bracket of 40.8 percent pbwell added…

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Elon Musk sells 934,000 Tesla shares

Elon Musk

Elon Musk sells 934,000 Tesla shares tesla ceo elon musk has sold another 934000 shares in his company worth about a billion dollars calls his broker sell me 900 934 000 today broker goes ka-ching musk has been on a selling spree since early november partly to pay his looming tax bills on his stock option speaking of those options he exercised another 1.6 million at a strike price of six dollars and 24 cents granted to him via if you remember that 2012 compensation package which is so out…

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China slams Japan’s decision on not sending govt officials to Beijing Olympics

China slams

China slams Japan’s decision on not sending govt officials to Beijing Olympics in the latest developments coming in from the upcoming beijing winter olympics china has urged japan not to politicize sports over a sudden back out of its officials from the upcoming winter games japan has become the latest country to not send a government delegation to the beijing olympics during a press briefing on friday top government spokesperson hirokazu matsuno said that the government has no plans of sending any political representatives to the upcoming games he however…

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World’s economic output to exceed hundred trillion dollars

World's economic output to exceed hundred trillion dollars

now for the first time ever the world’seconomic output will exceed 100 trilliondollars in the year 2022 a london-basedthink tank called center for excellencein biotechnology research or thecebr has predicted that china willbecome the world’s top economy in dollartimes in 2030 which is two years laterthan the forecast in last year’seconomic league table reportso as per the report it will take chinaa little longer than previously thoughtto overtake united states as the numberone economyc e b r has also made positivepredictions for the indian economy thereport says that india looks…

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U.S. personal consumption expenditures rise 5.7% y/y in November

U.S. personal consumption expenditures rise 5.7% y/y in November

An index used to gauge inflation in the u.s  personal consumption expenditures hit an almost  40-year high in november since the fed relies on  this measure to direct its policies all eyes are  on the possibility that it could speed up  its plans for tapering kim jong-un reportsu.s inflation has hit its fastest pace in almost  four decades according to the u.s commerce  department on thursday personal consumption  expenditures a way of measuring inflation in the  u.s searched 5.7 in november compared to a year  earlier that was the biggest rise since july 1982.  last…

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Putin Weighs in on Fed During Annual Press Conference

Putin Weighs in on Fed During Annual Press Conference

inmanyleading economiestheyfollowed ummitigating measures from macroeconomicpolicy and produce print more moneyit’s a clearobvious thing which leads tovery large inflation and it’s obvious toeveryone we all follow itthe deficit of budget growsin all leading countries absolutely allof them in the states a bit moreeu slightly less but considerablyand it’s not customary for them to havethis growthlet’s put it this way ussixpoint one six point two percentinflation when the target is twoso times three they’ve exceeded itandwe have eight percent a lota target is four so it’s doubleand the stateshave it by…

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President Joe Biden extends moratorium on student loans till May 1, 2022

Joe Biden

the federal reserve estimates that as of third quarter of this year americans owe more than 1.7 trillion dollars in student loans well now they’ll have more time before some have to start paying some of it back the moratorium on federal student debt payments was supposed to end january 31st but with omicron surging the president announced an extension today saying millions of people are still coping with a pandemic and need more time he announced the deadlines extended until may first nbc senior national political reporter sahil kapoor…

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Turkish business group calls for an end to Erdogan’s low-rates policy

Turkish business group calls for an end to Erdogan's low-rates policy

a money changer holds turkish lira andus dollar bank notes at a currencyexchange office in ankara turkeydecember 16 2021reuters kargler gerdagansummary turkish lira hit new low againstdollar on fridaypresident erdogan under fire overmonetary policyeconomists expect big surge in inflationankara istanbul december 18th reutersturkey’s largest business group urgedpresident tayyip erdogan’s government onsaturday to abandon a monetary policybased on low rates that has prompted acrash in the lira and called for areturn to rules of economic sciencethe lira hit a record low beyond 17against the u.s dollar on fridayfollowing fears of an…

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Colorado economic outlook continues improvement despite COVID, supply chain risks

Colorado economic outlook continues improvement despite COVID, supply chain risks

and now that you need a report to tellyou but colorado’s unemploymentsituation remains a mixed bag and likelywill for some time the latest stats haveour unemployment rate at 5.1 percentabove the national average of 4.2percent now colorado is actually betteroff than the rest of the nation thoughwhen it comes to the percentage of thepopulation participating in the laborforcecertain regions are faring better thanothers the boulder area boasts anunemployment rate of 3.5 percent thedenver metro is at 4.5 percent andpueblo is on the other side at 6.6percent a labor department economistexplained…

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CNBC Millionaire Survey Inflation biggest threat to the economy

CNBC Millionaire Survey Inflation biggest threat to the economy

right now let’s get to robert frank he’sgot some numbers from the latest cnbcmillionaire survey robert what’d youlearnwell becky the number one economic worryfor millionaires right now is inflationwhen asked to rank the biggest threat tothe economy inflation ranked first rightnext to government dysfunction that isaccording to the cmc millionaire surveythat polls investors with one milliondollars or more in investable assetsinflation ranking second among threatsto their personal wealthand most say inflation is here to stayrather than temporary now there is anemerging generation gap when it comes toinflation millionaire baby boomers…

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