Florida Gov. Ron DeSantis said on Friday that Disney would pay more taxes as he signed a bill into law dissolving Disney World’s special status, but some say it’s the state’s residents who bear the brunt of the changes to Disney’s tax status. National tax expert and founder of Engineered Tax Services Inc. Julio Gonzalez…
Disney Will Bear the Cost of Tax Status Change: National Tax Expert Julio Gonzalez
April 30, 2022
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4 Takeaways From Buffett’s Remarks at Berkshire Hathaway Annual Meeting
April 30, 2022
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Berkshire Hathaway kicked off its annual meeting on April 30 in Omaha, Nebraska. Warren Buffett, CEO of the company, and Berkshire’s vice chairman discussed a wide range of topics at the meeting’s opening. Tens of thousands of investors packed an Omaha arena at Berkshire’s annual meeting, which was back in person for the first time…
Four Takeaways From Buffett’s Remarks on Berkshire Hathaway Annual Meeting
April 30, 2022
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Berkshire HathawaybitcoinBusiness & EconomyCompanieseconomic policieseconomyinflationUSUS NewsWarren Buffett
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Berkshire Hathaway Inc. kicked off its annual meeting on Saturday in Omaha, Nebraska. Warren Buffett, CEO of the company, and Berkshire’s vice chairman discussed a wide range of topics at the opening of the meeting. Tens of thousands of investors packed an Omaha arena Saturday at Berkshire’s annual meeting that was back in person for…
Vietnam Speeds Up Economic Recovery, Overtakes China’s Top Export City for Third Consecutive Year
One of the fastest recovering economies in the pandemic, Vietnam’s export growth is pulling away from Shenzhen for the third year, after surpassing it for the first time in 2020. According to data released on April 8 by Vietnam’s bureau of statistics, the country’s total export value for the first quarter of 2022 rose to…
Tesla Recalls 48,000 US Vehicles Over Speed Display
Tesla has issued a recall of about 48,000 Model 3 Performance cars in response to pressure from the National Highway and Traffic Safety Agency (NHTSA) over the vehicle’s speedometer, which can fail to display while the car is in Track Mode. The news arrives via the NHTSA’s most recent Safety Recall Report, which attests to…
Disney Communications Chief Steps Down After Florida Debacle
April 30, 2022
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One of the masterminds from Walt Disney Company behind the ongoing battle with Florida Gov. Ron DeSantis over the Parental Rights Bill is stepping down. Geoff Morrell, the chief corporate affairs officer of the company, is leaving, Disney CEO Bob Chapek said in a memo to staffers on Friday. “I am writing to share the…
China Lockdown Cuts Supplies
April 30, 2022
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News Analysis China’s COVID lockdowns are grinding the country’s manufacturing to a halt and alarming global business leaders who depend on the country for parts and manufacturing. The CEO of Mercedes Benz, Ola Kallenius, told Bloomberg on April 29 that “new lockdowns in China, in Shanghai but also in other places in China affects the business…
Excessive Government Spending is Dragging Down the American Economy, Analysts Say
April 30, 2022
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A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan” (ARP), a stimulus package that the administration promised would “provide direct relief to the Americans, contain COVID-19 and, rescue the economy.” A year later, having approved the $1.9 trillion…
AstraZeneca Says Its COVID-19 Shot Still Has Role Despite Global Glut
AstraZeneca’s COVID-19 vaccine still has a role to play in the fight against the pandemic, even as sales slow and the company charges more in some places, CEO Pascal Soriot said on Friday, the latest drugmaker to warn about a global supply glut. The comments come after the company reported better-than-expected first-quarter profit and sales…
Ford to Halt Production Next Week at Flat Rock Plant on Chips Shortage
Ford Motor Company confirmed late on Thursday it will halt production next week at its Flat Rock plant where it assembles the Mustang because of a shortage of semiconductor chips. The No. 2 U.S. automaker had previously said it had planned to idle the plant for two days this week. Automotive News reported the production…
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