Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was previously applied. Thailand Approves Crypto Tax Break According to reports from the...
Discount retail chain Dollar Tree, Inc. said it is planning to close around 970 underperforming stores of its unit Family Dollar Stores LLC as part of its comprehensive store portfolio optimization review. The planned store closures also include around 30 Dollar Tree stores. According to Rick Dreiling, Chairman and Chief Executive Officer, the decisive steps...
The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot...
The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an...
Quiver Quantitative - Fisker (NYSE:FSR), an electric vehicle (EV) start-up, is reportedly facing severe financial challenges and is preparing for a potential bankruptcy filing, as per a recent Wall Street Journal report. The company has enlisted the services of financial adviser FTI Consulting (NYSE:FCN) and law firm Davis Polk to aid in this process. This...
Quiver Quantitative - Tesla (NASDAQ:TSLA) has recently faced a significant shift in market perception, with analysts downgrading the stock amid concerns over slowing electric vehicle (EV) demand. Wells Fargo analyst Colin Langan predicts not just stagnant growth for Tesla this year but an actual decline in sales volumes by 2025. This pessimistic outlook has impacted...
By Satoshi Sugiyama TOKYO (Reuters) - As Japan\'s big companies prepare to hand out their heftiest pay hikes in decades, trucking firm owner Ikuko Sakata feels like she inhabits a different reality. Despite facing some of the country\'s tightest labour markets and no shortage of demand, small delivery companies like Sakata\'s can barely afford to...
FOSTER CITY, Calif. - The U.S. Food and Drug Administration (FDA) has approved LIVMARLI® (maralixibat) oral solution for the treatment of cholestatic pruritus in patients aged five years and older with progressive familial intrahepatic cholestasis (PFIC), Mirum Pharmaceuticals (NASDAQ:MIRM) announced today. The approval, based on the Phase 3 MARCH study, signifies a statistically significant reduction...
GREENWICH, Conn. - Starwood Property Trust, Inc. (NYSE: NYSE:STWD), a real estate finance company, has upscaled its private offering to $600 million in unsecured senior notes at a 7.250% interest rate, maturing in 2029. The offering, initially set at $400 million, was priced at par and is expected to close on March 27, 2024, subject...
HOUSTON - Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: NYSE:CCI) and his investment firm Boots Capital Management, LLC, has publicly addressed the Crown Castle Board of Directors, advocating for significant operational changes to enhance shareholder value. This move follows recent scrutiny by Elliott Investment Management L.P. and a court\'s recognition of \"colorable claims\"...