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Tuesday, May 11, 2021
As part of the “COVID recovery plan”, NSW Treasurer Dominic Perrottet this week announced tax concessions to big property developers and super funds to start building so-called build-to-rent properties. The sector is dominated by individual mums and dads because they can take advantage of tax concessions on stamp duty, land tax and negative gearing...
Airbnb will prohibit one-night rentals over Halloween weekend as part of its ongoing effort to crack down on party houses. The action, announced Friday, comes nearly a year after a deadly shooting at an Airbnb in Orinda, California. Five people were killed in the shooting, which happened during an unauthorized Halloween party. San Francisco-based A...
Amazon said it plans to house more than 2,000 employees at Manhattan’s historic Lord & Taylor building under a nationwide expansion of its corporate offices. The Seattle-based e-tailing giant said Tuesday it will hire the workers to fill the landmark tower on Fifth Avenue over the next few years as it grows its Big Apple “tech hub” — a plan tha...
Rich Americans have drastically slashed their personal spending during the coronavirus crisis — and poor workers have suffered as a result, researchers say. The top 25 percent of income earners are responsible for more than half of the nation’s drastic plunge in consumer spending since the start of the pandemic, according to a new study from Opport...
Shares of Stitch Fix surged on Tuesday after the personal styling service posted a surprise, pandemic-fueled quarterly profit while projecting a financial growth spurt. The San Francisco-based firm’s stock price surged as much as 53 percent to an all-time intraday high of $54.94 on the heels of its better-than-expected earnings report for the Augus...
Airbnb plans to make its IPO registration public next week, putting it on course for a New York stock market debut in December even as the COVID-19 pandemic intensifies, two people familiar with the matter said Thursday. The home rental company’s planned debut on the Nasdaq is set to be one of the largest stock market listings of 2020, amid a pande...
The Australian sharemarket looks set to start the final session of the year weaker, despite US stocks moving up on the back of stimulus and vaccine optimism . The SPI futures index, down 0.25 per cent, or 16.5 points, pointed to a soft start as local investors look to close off a turbulent 2020, which has seen the benchmark S&P/ASX 200 index re...
The stock market may have ended the year at record highs, but Wall Street is now in a very different place than it was this time last year. Financiers biggest concerns in January 2020 revolved around President Trump’s mercurial stance on international trade and a Federal Reserve itching to raise historically low interest rates ever so slightly high...
Hyundai Motor Group just bought itself a new robotic pet. The South Korean automaker announced plans Friday to take a controlling stake in Boston Dynamics, the cutting-edge tech firm known for its unsettlingly advanced dog-like robot. Hyundai said it will buy about 80 percent of Boston Dynamics from Japanese investment giant SoftBank Group in a dea...
CHESAPEAKE, Va. (WAVY) — It’s been nearly six months since a barge strike incident forced the closure of the Centerville Turnpike Bridge for repairs. The bridge was also closed for repairs for six months before the barge incident, from October 2019 to February 2020. The Vintage Vibe, a local business, sits......
Facebook shelled out roughly $23.4 million in 2020 to protect its founder and CEO Mark Zuckerberg. The massive amount includes about $13.4 million for personal security for Zuckerberg, along with an additional annual $10 million pre-tax allowance for the protection of his family, according to a Proxy statement filed by Facebook last Friday. Z...