Microsoft shares dip 3% as cloud unit posts first growth under 50%

Jul 23, 2020 09:24 am UTC| Investing

Microsoft Corps shares plummeted three percent as its cloud computing business Azure posted quarterly sales growth under 50 percent for the first time. Microsofts revenue in its Intelligent Cloud segment jumped 17...

S. Korean home-based securities traders becoming hooked to gambling

Jul 22, 2020 01:11 am UTC| Business Investing

South Koreas securities traders seeking help for gambling addiction have tripled in number to 214 from March to May since their pandemic-induced work-from-home setup has freed up more time for stock trading. According...

Progressive in theory, regressive in practice: that's how we tax income from savings

Jul 21, 2020 14:24 pm UTC| Investing Economy

Were told Australia has a progressive tax system the more you earn, the higher the rate. And thats certainly the case for earnings from wages. An Australian on A$35,000 sacrifices 21 cents out of each extra dollar they...

Gold near 9-1/2 year peak on weaker dollar and stimulus hopes

Jul 21, 2020 12:45 pm UTC| Investing

Gold prices rallied to a near 9-year peak, boosted by a softer dollar, expectations of more stimulus measures to resuscitate pandemic-hit economies and increasing virus cases in the United States and globally. Spot gold...

How to stay honest when filing taxes in a pandemic year

Jul 14, 2020 08:31 am UTC| Life Investing

Many in the U.S. will be filing their personal income tax returns in the next few days, as the deadline to do so was pushed from April 15 to July 15 due to the COVID-19 epidemic. With almost half of those in the U.S....

Big US banks set to earn huge PPP loan fees

Jul 08, 2020 23:48 pm UTC| Economy Investing

The largest banks in the US will earn hundreds of millions of dollars in transaction fees under the federal governments Paycheck Protection Program. JPMorgan Chase processed the most PPP at $28.8 billion of loans as of...

Saudi investors buying more gold before VAT rate hike

Jun 29, 2020 15:46 pm UTC| Investing

Saudi gold traders are reporting a hike in sales with investors increasing their purchases of the precious metal before the value-added tax (VAT) rates go up to 15 percent next week. Saudi Arabia is tripling its VAT...