Capital expenditure articles
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Earnings call: AI expected to drive capital expenditures for Amazon in 2024
The company reported a capital expenditure (capex) of $14 billion in Q1, which, as per Amazon CFO Brian Olsavsky, was expected to be the quarter with low capex this year.
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Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate
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Floods submerge parts of Kenyan capital
As heavy rains continued pounding Kenya's capital of Nairobi on Tuesday night, residents woke up to more losses in property and heavy infrastructural destruction. Three major highways were closed for the better part of the day Wednesday to due flooding, heavy traffic snarl-ups being experienced.