EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
Congrats you won a gold medal. Now here's your tax bill Congrats you won a gold medal. Now here's your tax bill
Michael Phelps may be untouchable in the water, but even he can't out-swim the Tax Man. America's Olympic medalists must pay state and federal taxes on the prize money they get for winning. The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze. That's not all. Olympians also have to pay tax on the value of the medals themselves. Gold and silv...
 Read More 
HSBC profits slide amid 'turbulent period' HSBC profits slide amid 'turbulent period'
HSBC has reported a 29% fall in profits in the first half of the year amid a "turbulent period" for the banking giant. It posted a pre-tax profit of $9.7bn (£7.2bn) for the first six months, down by $3.9bn. HSBC also announced a share buyback of up to $2.5bn in the second half of this year. In a statement, HSBC described the weak numbers as a "reasonable performance in the face of conside...
 Read More 
Top HSBC manager charged in forex probe Top HSBC manager charged in forex probe
A top HSBC executive has been charged with fraud in the US. Mark Johnson, the company's global head of foreign exchange trading was arrested on Tuesday night and is due to appear in court later. A former colleague, Stuart Scott, has also been charged. The two traders are accused by the US government of using inside information to profit from a $3.5bn (£2.6bn) currency deal. HSBC has so fa...
 Read More 
Japan cuts growth forecast to 0.9% as economy falters Japan cuts growth forecast to 0.9% as economy falters
Japan's government has cut its growth forecast sharply amid speculation it may soon unveil a new stimulus package to support the ailing economy. Gross domestic product is expected to grow by 0.9% this fiscal year, down from a January estimate of 1.7%. The inflation forecast was also downgraded to a rise of 0.4%, versus an earlier projection for 1.2%. Prime Minister Shinzo Abe is said to b...
 Read More 
Brexit lesson for investors: After shock, buy stock Brexit lesson for investors: After shock, buy stock
“Buy the shock” is emerging as a new buzzword — and investment strategy — on Wall Street. The market reaction to the Brexit bombshell was pretty much textbook. The knee-jerk response after the U.K.'s surprise vote to leave the European Union was panic and a sell-first mentality. Then cooler heads prevailed, worst-case scenarios were analyzed and debunked, and stocks rebounded sharply in a matte...
 Read More 
UK car industry needs 'swift EU deal to curb high tariffs' UK car industry needs 'swift EU deal to curb high tariffs'
Britain must strike a trade deal with Europe as soon as possible to protect the country's multi-billion pound car industry and avoid high tariffs. David Bailey, professor of industry at Aston University, warned of a "big uncertainty" for the sector following the UK's vote to leave the EU. Without a deal, he fears a return to the days when the industry faced a 10% tariff on exports. The UK...
 Read More 
Those big changes at Costco Those big changes at Costco
Big changes are coming to Costco next week. Starting Monday, wholesale-store giant Costco is switching credit card providers to Citi Visa, ending its 16-year relationship with American Express. For those among the Costco's 81.3 million members who use credit cards for their purchases, it's a big deal. If you're one of them, here's what you need to know. When does this happen? The last da...
 Read More 
Microsoft to buy LinkedIn for $26bn Microsoft to buy LinkedIn for $26bn
Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash. The software giant will pay $196 a share - a premium of almost 50% to Friday's closing share price. The deal will help Microsoft boost sales of its business and email software. Microsoft said that LinkedIn would retain its "distinct brand, culture and independence". Ben Wood, head of r...
 Read More 
Despite a tough week, S&P and Dow up in April Despite a tough week, S&P and Dow up in April
Coming on the heels of the worst day for stocks since mid-February, U.S. shares were under pressure again Friday as investors reacted to a mixed earnings season, the latest moves or lack of moves from the world's central bankers and fresh incoming economic data. The Dow Jones industrial average, which tumbled 211 points Thursday, its worst one-day point drop since Feb. 11, fell 56 points, or 0....
 Read More 
India revokes passport of drinks tycoon Vijay Mallya India revokes passport of drinks tycoon Vijay Mallya
India has revoked the passport of business tycoon Vijay Mallya accused of hiding in Britain over huge debts from his defunct Kingfisher Airlines. There is an arrest warrant for Mr Mallya and Delhi says it is considering seeking his deportation from the UK. The flamboyant businessman is known as India's Richard Branson for his investment in aviation, Formula 1, Indian cricket and the drinks i...
 Read More 
Displaying 31 to 40 (of 1448 new item.) Result Pages: [<< Prev]   1  2  3  4  5 ...  [Next >>] 
 Latest News »
 
  Manchester attack: Trump calls...
  In speech to Muslim leaders, T...
  Trump travels to Saudi Arabia ...
  President Trump says he'll pra...
  Massive, fast-moving cyberatta...
  U.S. to arm Kurds in fight for...
  President Trump seizes on elec...
  Trump heads to New Jersey golf...
  Trump team rolls out 'really b...
  Trump sanctions Syria, says Un...
  Trump tells egg rollers, 'we'r...
  Trump believes Susan Rice comm...
  Trump walks out on signing cer...
  'Do not worry!' Trump tweets, ...
  Trump jabs at media, Germany i...
  President Trump and a Pulitzer...
  President Trump greets tourist...
  Trump seeks to move forward af...
  Trump to sign orders on waters...
  Trump hits FBI for 'leaks' in ...
 
 

Current Conditions:
Scattered Showers

(provided by The Weather Channel)

Washington, DC

  ©2010 The Capital Post. All rights reserved.