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Apple's Tim Cook: Current Tax Code Makes It Difficult to Bring Overseas Money Back to US
Europe Stock Market News, Business News, Financial, Earnings, World Market News and Information
Europe Top News
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What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.
Highlights
After 123 days being grounded, Boeing Dreamliners are about to once again make commercial flight in the United States. |
More than 8,000 French households' tax bills topped 100 percent in 2012, a French newspaper reported. |
Nationalist and isolationist movements will increasingly come to the forefront in Western nations, according to HSBC's chief economist. |
Inflation in Britain will peak over the summer Ernst & Young warned on Monday. |
There are no signs of a turnaround for the euro zone after six straight quarters of recession, and even once mighty Germany is struggling. |
Europe Top News
Editor's Picks
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Rumors that Brazil's social security fund,Bolsa Familia, was to be cancelled led thousands of people to withdraw money from Brazilian banks over the weekend.
CNBC Meets
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London's Mayor accused the former government of leaving young people without the skills to challenge migrants.
Coming Up On CNBC
Technology
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Yahoo CEO Marissa Mayer tells CNBC the $1.1 billion deal for Tumblr is "part of enhancing our growth story" and the company will remain independent, even under Yahoo's ownership.
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As investors and analysts size up Yahoo's latest $1.1 billion acquisition, it is worth reflecting on the GeoCities deal, which has many similarities, the NYT reports.
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In the wake of Yahoo's announcement on Monday that it's snapping up Tumblr for $1.1 billion, the attention has shifted to which companies could be next.
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Ireland said on Tuesday it was not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits.
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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how the company plans to reposition, the NYT reports.
Finance
NetNet With John Carney
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All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
By the Numbers
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The Dow is up nearly 22 percent since mid-November. Many think the market's overdue for a pullback, but historical correlations indicate that it may not be.
Opinion
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The low-cost advantage that China once enjoyed (at least in the East Coast cities called the Gold Coast) is starting to fade. The Chinese are beginning to outsource to India and Africa.
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According to a CBO report, tax hikes outweigh spending cuts by 6-1. Henry Blodget, Business Insider, and Jim Pethokoukis, American Enterprise Institute, discuss.
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Larry Kudlow says there's only one possible solution to clean up the IRS mess — a special counsel.
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Abe will have a tough job trying to convince his G-8 colleagues next month that his "three arrows" stimulus program is not just a subterfuge to boost exports, says this economist.
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Gov. Pence, (R-IN), says Congress needs to hold the Obama administration accountable on the IRS scandal.
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CNBC's Rick Santelli explains the need for balance when deciphering budget deficits; natural gas supplies; and IRS snooping on conservative groups.