10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax

Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more

Amazon to Buy Roomba-Maker IRobot for $1.65 Billion

The Biden administration is ramping up scrutiny of deals by technology giants. The US Federal Trade Commission has been looking at Amazon since 2019 over antitrust concerns with its retail business and cloud computing services. Lina Khan, who became chair of the agency last year, had made a name for herself with a groundbreaking legal … Read more

What to Buy Right Now: 42 Picks From Barron’s Roundtable Pros

To everything there is a season: A time to hide in a bunker with a crash helmet on as stock and bond prices plummet, and a time to wade cautiously into the market in search of newly created bargains. If you’ve been reading the Barron’s Roundtable for a few years, or even decades, you already … Read more

Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can … Read more

Bollywood Is Threatened by India’s Other Movie-Making Powerhouse

(Bloomberg) — Bollywood has a serious rival now in India. It’s bigger, louder and is making more money than its prolific, glitzy Hindi-language cousin known for its signature dance moves and opulent wedding scenes. A new genre of films from southern India — epic, big-budget, over-the-top action flicks, some of them served with a dollop of toxic … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

Burning Cash, Ultrafast Grocery Delivery Ramps Up in India

(Bloomberg Businessweek) — A new TV commercial in India features white-clad mourners grieving at the funeral rites of a departed loved one. The object of their grief is a refrigerator. “”—or “What use is a refrigerator?”—ask matching full-page ads for the campaign touting instant grocery brand Dunzo, which offers delivery of fresh items in minutes. … Read more

Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 450 points, or 1.5%, to 30,319, S&P … Read more

Amazon Builds Property Empire, Quietly Buying Land Across the US

(Bloomberg) — The 193 acres just outside Round Rock, Texas, were coveted by some of the biggest developers in the US. Located a few miles north of the booming city of Austin, the raw parcel could be used for virtually anything given the state’s lenient land-use laws. So when the prominent Robinson family put the … Read more

Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers

Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher … Read more