In One Chart: Where Do State Tax Revenues Come From?
by howmuch The United States federal progressive income tax dates back over 100 years, to the Revenue Act of 1913. Back then, the U.S. received most of its tax revenues from … Read more
revenues
Tesla Discloses US Revenues Collapsed 39%. Americans Sour on its Cars, Pent-Up Demand Exhausted
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is a holy-cow moment. This morning, Tesla filed its Form 10-Q quarterly earnings report with the SEC, a moment when no one was supposed to pay attention … Read more
HK banks now provisioning only 1.7% of their revenues for loan losses!
HK banks now provisioning only 1.7% of their revenues for loan losses! That’s close to a record low.Even below levels prior to the Asian Crisis! Are HK banks accurately depicting … Read more
New-Vehicle Sales Fall to 1999 Levels: How to Grow Revenues After 20 Years of Stagnation (Yup, You Guessed It)
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon for cars. But big equipment is hot and gets pricier. Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now … Read more
How California totally screwed up a potential windfall of tax revenues on legalized cannabis
by: Tracey Watson (Natural News) They say that in life “nothing is certain but death and taxes.” Well, in the state of California, taxes might just be the cause of … Read more
This could be the first quarter since Q4 2016 in which the revenues beat rate is below 50% and 64% of companies guiding down.
After 239 companies have reported, the revenues beat rate is at 47%. If current results hold, this could be the first quarter since Q4 2016 in which the revenues beat … Read more
Casinos Are Getting Nervous As Las Vegas Revenues Drop And Their Stocks Slump
via David G. Schwartz Las Vegas casino operators seemed to be cruising earlier this year, but the summer has turned into a bit of a bummer for them. Whether this is … Read more
Dow Companies Report Worst Revenues since 2010, Dow Rises to 20,000 (LOL?)
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wall Street hocus-pocus has done an awesome job. The Dow-20,000 hats have come out of the drawer after an agonizingly long wait that had commenced in … Read more