Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy.
Archives for November 2019
Oil slips as U.S. stocks rise, but hopes for U.S.-China trade deal stem losses
Oil eased on Wednesday following an industry report showing a surprise build in U.S. crude stockpiles, but hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices.
Per-diem method clarified in light of TCJA changes
The IRS on Tuesday updated the rules for using per-diem rates to substantiate the amount of ordinary and necessary business expenses paid or incurred while traveling away from home in light of changes enacted by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97 (Rev. Proc. 2019-48). The revenue procedure supersedes […]
Austin Man Indicted for Stealing Unreleased Music from Artists
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What Is a Cash Reserve?
According to a recent study, 60% of Americans don’t have enough money to cover an unexpected $1,000 expense. What about your business? Do you have enough money tucked away to deal with a sudden expense? If not, you need to give your cash reserve some love. Cash reserves for business can help you cover larger, […]
Small manufacturers looking to be acquired must have IIoT
Small manufacturers, many of whom have been in business for decades and consistently generate $2 million (€1.8 million) to $20 million (€18.1 million) in annual revenue, are seeking an exit strategy. The founders of these companies are often critical suppliers in the industry sector supply chain including aerospace, aviation, automation, machining, and food production. The […]
RBI to cut rates again, but still no respite for economy: Reuters poll
The Reserve Bank of India will cut interest rates in December for a sixth time this year, and again before July, according to economists in a Reuters poll who forecast those reductions would either marginally boost the economy or have no impact.
Sensex, Nifty scale fresh peak, trade deal hopes stir global risk sentiment
Indian shares tracked broader Asian peers higher on Tuesday, with NSE and BSE indexes touching record highs, as investors cheered signs of fresh progress in the trade negotiations between the United States and China.
It’s not just trade hopes fueling the U.S. stocks rally
Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month.
Gold eases on prospect of U.S.-China trade war truce
Gold fell to a two-week low on Tuesday as talks between top negotiators from the United States and China boosted prospects that an interim trade deal could be reached soon, denting demand for the safe-haven metal.