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U.S. stock futures on Tuesday showed the November rally stalling ahead of results from AI chipmaker Nvidia. How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 204 points, or 0.58%, to 35151, the S&P 500 SPX increased 33 points, or 0.74%, to 4547, and the Nasdaq Composite COMP gained 159 points, or 1.13%, to 14285.What’s driving markets Stock-index… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subscriber? Log In Source link

Although Halloween isn’t a statutory holiday, the celebration accounts for billions in consumer spending in the United States. From costumes and makeup to candy and party supplies, there is no end to the merchandise that retailers sell to consumers. And let’s not forget the decorations and pumpkins. Based on the Keynesian school of economic thought, spending during major holidays can have significant and positive short-term benefits for the economy by encouraging extra purchases that might not otherwise occur. Halloween is one of those cases. Let’s see how this all adds up. Key Takeaways Halloween draws in billions in consumer spending.Economists…

The ASX has finished higher, led by resources gains and following in Wall Street’s footsteps overnight. Meanwhile, the US economy grew 1.11 per cent in the past quarter, leaving open the possibility of a recession hitting the country later this year. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3HjHuOs ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1…

Topline Elon Musk’s X filed a lawsuit against Media Matters on Monday, accusing the media watchdog of defaming the platform after several major companies—including Apple, IBM and Disney—pulled their advertisements from the social platform after a report by the group found their ads appearing below hateful and antisemitic posts. Elon Musk’s X has accused Media Matters of manipulating its platform and algorithms to create a … [+] scenario where ads appear next to hateful content.Getty Images Key Facts The defamation lawsuit filed in a Federal Court in Texas accuses Media Matters of manipulating the social media platform’s algorithms “to bypass…

The Chancellor should encourage investors to sell to other landlords using a Capital Gains Tax incentive in the upcoming Autumn Statement, Neil Cobbold, managing director of automated rental payment and client accounting specialists PayProp UK, has urged. The Autumn Statement takes place on Wednesday 22nd November, and will be delivered by Chancellor Jeremy Hunt. Cobbold said: “[One] measure the Chancellor could introduce, to ensure as many PRS properties as possible remain in the sector, is to incentivise landlords that need to reduce their stock to sell to other PRS landlords. “To achieve this, the Chancellor could reduce Capital Gains Tax…

Add Walt Disney Co. DIS, Warner Bros. Discovery Inc. WBD, Comcast Corp. CMCSA and Paramount Global PARA to the growing list of major brands pausing advertising on Elon Musk’s embattled X. Lions Gate Entertainment Corp. LGF.A also said it would be pulling ads, just as its Hunger Games prequel is hitting movie theaters. The media giants follow Apple Inc. AAPL and IBM Corp. IBM who halted marketing — and tens of millions of dollars a year — as Musk faces blowback over antisemitic abuse on his social media platform as well as his own comments…. Source link

When it comes to tax-deferred retirement savings plans, like 401(k) plans, the Internal Revenue Service (IRS) carefully scrutinizes the contributions of highly compensated employees (HCEs) to ensure they do not benefit unfairly. To do so, it uses a method called actual deferral percentage (ADP) testing. But catch-up contributions by employees of a certain age are not included in the measure, because they can skew testing results. What Is ADP Testing? For an employer-sponsored retirement plan to retain its tax-qualified status, it must meet certain stringent non-discrimination tests to ensure wealthier employees are not benefiting more from the plan than the average wage…

Damian Harrington, Head of Research, Global Capital Markets and EMEA, at Colliers, is a guest on BiTV. source

There is little doubting the dedication of Sam Altman to Openai, the firm at the forefront of an artificial-intelligence (ai) revolution. As co-founder and boss he appeared to work as tirelessly for its success as at a previous startup where his singlemindedness led to a bout of scurvy, a disease more commonly associated with mariners of a bygone era who remained too long at sea without access to fresh food.  So his sudden sacking on November 17th was a shock. The reasons why the firm’s board lost confidence in Mr Altman are unclear. Rumours point to disquiet about his side-projects,…

Days after losing more than 10% of its value following the surprise dismissal of Sam Altman as CEO of OpenAI, Worldcoin (WLD) rebounded by more than 24% in the last 24 hours.  Altman, considered a leading figure in the artificial intelligence (AI) sector, found himself relieved of his duties on Nov. 17.  Mira Murati was named interim CEO of OpenAI, the company behind ChatGPT. This sudden development prompted a wave of dialogue within the AI space, with Altman’s departure putting a spotlight on his involvement with Worldcoin — a cryptocurrency venture with a vision for equitable wealth distribution across the…