Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations, part of a broader agreement to overhaul international tax rules.
Read More »Author Archives: CPBJ Staff
Robinhood has 18 million accounts with $80 billion in assets after rapid growth, IPO filing shows
Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth resulting in 18 million retail clients and more than $80 billion in customer assets.
Read More »US jobless claims fall to 364,000, a new pandemic low
The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession.
Read More »Law firm helps companies sort out vaccine objections 
Seventy to 90% of a population must be vaccinated to reach “herd immunity” from a contagious viral disease. But not everyone wants the shot in the arm.
Read More »An NFT of the web’s source code has sold for $5.4 million
LONDON – A non-fungible token of the original code for the World Wide Web has sold for $5.4 million in a Sotheby’s online auction.
Read More »Amazon wants FTC Chair Lina Khan recused from all its cases
Amazon has formally requested that newly appointed Federal Trade Commission chair Lina Khan be recused from all Amazon (AMZN)-related antitrust cases before the agency.
Read More »As housing boom begins to fizzle, weekly mortgage demand falls nearly 7%
Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to the Mortgage Bankers Association’s seasonally adjusted index. That is the lowest level in almost a year and a half.
Read More »Warren Buffett says pandemic’s impact still hard to predict
Billionaire Warren Buffett says the one constant throughout the coronavirus pandemic has been that it has been difficult to predict how it would affect the economy, but clearly it has devastated many small businesses and individuals while most big companies have fared OK.
Read More »Americans apologize to Tokyo court for role in Ghosn escape
Two Americans charged in Japan with helping Nissan’s former chairman, Carlos Ghosn, jump bail and escape for Lebanon apologized Tuesday in a Tokyo court.
Read More »The U.S. is falling further behind China and Europe in electric-vehicle production
The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020.
Read More »US home prices jump at fastest pace in more than 15 years
U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties.
Read More »Gas stations are running out of gas ahead of the holiday weekend
When tens of millions of Americans hit the road this holiday weekend, they're going to find the highest prices for gasoline in nearly seven years. But many will also find stations that don't have any gas at all.
Read More »Honda changing course, will build its own electric vehicles
Although General Motors will build Honda’s first two fully electric vehicles for North America, the Japanese automaker plans to change course and manufacture its own later this decade.
Read More »Signs the 2020 recession may already be over
America's Covid-induced recession has been a painful one — but it could ultimately be short.
Read More »Nasdaq at record high on a boost from tech stocks
The Nasdaq jumped to an all-time high on Monday, supported by tech-related stocks amid fears over a spike in COVID-19 cases across Asia, while investors awaited data on the U.S. labor market in the week.
Read More »