Since the start of the year, Wall Street has remained green, after an astonishing 2020, despite recent concerns about inflation and soaring long-term US sovereign bond yields. Stock markets are expected to move north, barring occasional swings supported by strong expectations for US GDP and corporate earnings growth this year. At this point, several large-cap […]
The state-backed Saudi oil giant said on Sunday that its 2020 profits had fallen to $ 49 billion (£ 35 billion) as the coronavirus pandemic shook global energy markets. Saudi Arabian Oil Co released its financial results a year after the pandemic dropped the price of oil to record highs as people stopped moving around […]
On April 20, 2020, the Lebanese Parliament passed a law authorizing the cultivation, trade, research and use of medical cannabis. The adoption of the law by Lebanon creates an opportunity for leading medical cannabis companies around the world to enter the Lebanese market. There are six categories of license applicants, including foreign companies licensed in […]
Supermarket chain Morrisons saw its annual profits cut in half as it was impacted by the additional costs of Covid-19, but also declared a special dividend alongside a final payment. Profit before tax and exceptional items fell 50.7% to £ 201m, including £ 290m of direct costs from Covid-19 to cover thousands of additional staff, […]
Many hospitals across the country suffered a financial blow from the COVID-19 pandemic, but some large healthcare systems were still profitable in 2020. The pandemic resulted in lower patient volumes and higher spending for U.S. hospitals last year, and the financial damage could continue this year. The pandemic could cost hospitals between $ 53 billion […]
Corporations in the United States pay federal corporate income taxes at a rate of 21 percent. Many states also levy corporate income taxes. Forty-four states and DC have corporate taxes on the books, with top rates ranging from North Carolina’s single rate of 2.5% to a top marginal rate of 11.5% in New Jersey. Fourteen […]