July 31 – Walmart ups stake in Flipkart after buying additional shares from Tiger Global The mass merchant in 2018 became Flipkart’s largest shareholder after paying $16 billion for an initial 77% stake in the company. From: Retail Dive July 31 – Food Lion Unveils Additional Store Renovations in North Carolina Grocer will cut the ribbon on 47 locations throughout…
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Business Tax Breaks Scheduled to End
In 2017, the Republican-led Congress passed the Tax Cuts and Jobs Act (TCJA) using budget reconciliation to avoid a Senate filibuster and its 60-vote threshold. But the tradeoff for this process is that tax breaks benefiting IHA members and other businesses had to be temporary in order to meet budget reconciliation rules. The TCJA boosted the IRC Sec. 168(k) Bonus…
CONTINUE READINGSpot Rates Tick Upward
Carriers have tried for months to increase spot rates on containers shipping from Asia to the U.S. Low consumer demand has rendered those attempts futile until now. Carriers believe spot rates have finally hit bottom. This optimism could stem from the uptick in rates the market experienced in July. For the first time this year, spot rates have accepted a meaningful increase…
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