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.
Sourceful is an all-in-one platform for sourcing sustainable materials. The startup recently raised $20 million in a Series A round led by Index Ventures. Through its platform, Sourceful helps businesses find and design more eco-friendly packaging and reduce the carbon footprint of their supply chains. Wing Chan, Co-Founder and CEO of Sourceful, joined Cheddar News' Closing Bell to discuss.
Britt Reichborn-Kjennerud, Section Manager for E-Mobility & Demonstrations for Electric Vehicles, Con Edison and
Joe Morreale, Section Manager of EV Demo Projects and Managed Charging & E-Mobility & Demonstrations, Con Edison, join Cheddar News' Ken Buffa from the New York Auto Show to discuss Con Edison's Clean Energy Commitment and the goal to power New York with 100% clean energy through initiatives like the 'SmartCharge' and 'PowerReady' Programs.
Arthur Madrid, CEO of The Sandbox, and Steven Kolb, CEO of CFDA, join Cheddar News to discuss their partnership focused around fashion in the metaverse.
Nike introduced the Vaporfly in the 2016 Olympics to Nike-sponsored athletes, three of whom took the top spots in marathon events. Since then, the shoe has been the weapon of choice of elite athletes like those competing in the 2022 Boston Marathon. Why? Because Nike designed the shoe to literally make you faster. To not wear the Vaporfly has become a disadvantage. So how exactly does this shoe increase speeds and should it even be allowed in competition?
William Antonelli, tech reporter at Insider, joins Cheddar News to discuss Apple store employees' union efforts at the Grand Central location in New York City.
Will Marshall, CEO, Planet, joins Cheddar Reveals to discuss Planet's influence and innovation from agriculture to sustainability using geospatial insights from their constellation of over 200 satellites.
Thomas Zurbuchen, Associate Administrator, NASA Science, joins Cheddar Reveals to break down the future of space exploration and how NASA is innovating this year and into the next decade.
