Seeking Alpha Author Hector Andres Pacheco joins Cheddar to discuss how the new tax bill will impact special dividends given out by giant companies. In particular, he's looking at Apple and Microsoft to bring back billions of dollars from overseas.
The new tax bill will allow American companies to bring back money from overseas at a reduced tax price. Pacheco explains why Apple is a prime contender for a special dividend. It's on track to spend $300 billion returning capital to shareholders by 2019. If Apple repatriates all of its overseas cash its tax bill will only be $39 billion...only!
Plus, Microsoft is no stranger to shareholder-friendly action. In 2004 the company brought back about $30 billion in cash from abroad and issued a $3-a-share special dividend. Pacheco believes it plans to do the same thing in 2018.
Pacheco also talks about how a higher minimum wage for lower-income Americans plays a more stimulative role for the economy than giving higher wages to those with a large net worth.
U.S. stocks closed Friday's session near session to cap off the week in the red. The disappointing end to the day and week follows a lukewarm May jobs report from the Labor Department and comes as investors continue to eye future rate hikes from the Federal Reserve. Callie Cox, U.S. Investment Analyst for eToro, joins Cheddar News' Closing Bell to discuss.
Akbar Hamid, co-founder of People of Crypto Lab, joins Cheddar News to discuss how the company is bridging culture and crypto with new metaverse hub, 'Valley of Belonging.'
You probably have your summer music playlist ready to to go, but you're probably not aware how an in-store shopping soundtrack may impact your experience. Spotify Advertising took a look at how audio affects small business shopping. Rochelle Sanchirico, Global Director of Scaled Business and Marketing at Spotify Advertising, joins Cheddar News to discuss.
Career opportunity platform Guild raised $175 million in a Series F round led by Wellington Management. Global media icon Oprah Winfrey also participated in the round, which comes just months after Guild was named one of Time's most influential companies. Guild partners with employers to help them offer education opportunities to their employees. Customers include some of the biggest companies in the world, including Walmart, Pepsi, and Disney. The startup's funding comes amid a historically tight labor market, with demand for workers remaining strong across the country. Rachel Romer Carlson, Co-Founder and CEO of Guild, joins Cheddar News' Closing Bell to discuss.
Day two of celebrations for Queen Elizabeth II's Platinum Jubilee are underway on Friday in the United Kingdom, as the country continues to honor the monarch's 70 years on the throne. While most of the attention is on the Queen, brands around the world are also hoping to use the cultural moment to get the attention of consumers with limited-edition Jubilee-themed products. The Centre for Retail Research estimated consumers will spend the equivalent of $510 million on Jubilee-related expenses throughout the celebration this weekend. Hilary Fordwich, global business analyst and British royals commentator, joins Cheddar News' Closing Bell to discuss.
