Excerpts of some of the latest business news stories from the United States

Joe Biden Administration Proposes Corporate Tax Hike

The business landscape in the United States is always evolving, and there are always new developments and trends to keep an eye on. Here are some of the latest business news stories from the United States:

  1. Biden Administration Proposes Corporate Tax Hike: The Biden administration recently announced its plan to increase the corporate tax rate from 21% to 28%. The proposed hike is intended to help pay for the administration’s infrastructure proposal, which includes investments in transportation, broadband, and clean energy.

2. Tech Companies Report Strong Earnings: The first quarter earnings reports for tech giants such as Apple, Amazon, Facebook, and Google parent Alphabet have been released, and all four companies exceeded expectations. Apple reported its highest ever revenue for a March quarter, while Amazon’s net income more than tripled from the same period last year.

3. Tesla Faces Scrutiny Over Autopilot System: Tesla, the electric vehicle company founded by Elon Musk, is facing increased scrutiny over its Autopilot system following a series of high-profile crashes. The National Highway Traffic Safety Administration (NHTSA) recently opened an investigation into a fatal crash in Texas that occurred while the vehicle was in Autopilot mode.

4. GameStop Continues to Shake Up Wall Street: GameStop, the struggling video game retailer that became a symbol of a retail trading frenzy earlier this year, recently announced that its CEO would be stepping down. The company has also been in talks with activist investor Ryan Cohen, who is pushing for a digital transformation of the company.

5. Amazon Workers Vote Against Unionization: Workers at an Amazon warehouse in Alabama recently voted against unionizing, in a blow to the labor movement. The vote was closely watched, as it was seen as a potential turning point in the struggle for worker rights in the United States.

These are just a few of the latest business news stories from the United States. From tax hikes and earnings reports to high-profile controversies and labor disputes, the business landscape in the United States is always dynamic and ever-changing. It will be interesting to see how these developments continue to shape the business world in the coming months and years.

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