Launch Interactive Tool Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2020 edition. All data and methodological notes are accessible in our GitHub repository. Introduction The structure of a country’s tax code is an important determinant of its economic
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Crossmark Global Investments’ Victoria Fernandez is concerned consumers may be on the verge of retreating. According to the firm’s chief market strategist, many of them have been relying heavily on savings as lawmakers tangle over another round of virus aid. She believes time is running out. “If you look at revolving credit as a percentage
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Can preflight testing get people flying again? The International Air Transport Association (IATA) thinks so. Last month, the trade association, which represents some 290 airlines around the world, called for the “development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic” Covid-19 testing for all passengers as a way to restore passenger confidence, bypass
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Jeff Bezos protégé Andy Jassy, Amazon’s longtime second-in-command and presumptive heir apparent, appears to be following in the footsteps of his internationally famous boss. Quick on the heels of Bezos paying $165 million for Beverly Hills’ iconic Jack Warner estate, the Seattle-based Amazon Web Services CEO and his wife Elana have dropped $6.7 million for a relatively
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China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced
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Americold Realty Trust continues to grow its footprint with its announcement that it has entered in a definitive agreement to buy privately-held Agro Merchants Group from an investor group led by funds managed by Oaktree Capital Management, L.P. for $1.74 billion in a cash-and-stock transaction. The acquisition is subject to customary and regulatory closing conditions
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Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by
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The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
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BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
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With a new baby having recently joined their growing family, it’s little surprise that pop music’s Rachel Platten and her husband Kevin Lazan have opted to trade their one-bedroom cottage in L.A.’s impossibly trendy Venice neighborhood for something slightly more traditional — and with significantly more space — in the family-friendly Studio City enclave. Records
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