Business

Pertaining to and impacting businesses, markets and the economy

 
US and international tax reforms
Top Democrats on the Senate Finance Committee proposed tax reforms to eliminate incentives for companies to move operations overseas. The senators are targeting provisions in the 2017 Tax and Jobs Act that govern how companies’ foreign income is taxed.
 
Semiconductor chip shortage affects industries
After two months of factory shutdowns early in the pandemic, the automaker industry is now experiencing shortages of critical components, including computer chips. Semiconductor chips are used extensively in vehicles, including entertainment systems, power steering, and brakes.
 
Nike files trademark infringement lawsuit
MSCHF's "Satan Shoes" is allegedly the unofficial design of Nike's trademark Air Max 97. MSCHF Product Studio designed the shoes with performer Lil Nas X.
 
Positive forecast for Tesla amidst security concerns
From the time Ark published its previous note on January 31, 2020, Tesla's stock has risen by 400%. China's military, according to reports, banned Tesla cars from its facilities because of security concerns about the data collected by cameras installed in the cars.