Tue, Sep 19, 2023 6:34 PM
SHIB Army Pushes Burn Rate up Ahead of New Shibarium Record
A Flip by Avya Verma
Coca-Cola (KO) offers a 3% dividend yield, with 15% revenue growth and 17% adjusted earnings per share growth in the second quarter. The company has increased dividends for 62 consecutive years and paid out 73% of trailing earnings as dividends. Blackstone (BX) has a 2.3% dividend yield, with $1.1 trillion in assets under management and distributable earnings of $1.3 billion.
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SoFi Technologies' stock has plummeted 20% year-to-date, despite its underlying business growing rapidly and finally turning a profit. The fintech company has attracted 8 million members, with deposits growing quickly, and has refinanced debt obligations. Net income is expected to reach $165-175 million in 2024, a significant improvement from previous years.
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The Central Board of Direct Taxes is shifting focus from enforcement to taxpayer-centric approach, said CBDT Chairman Ravi Agrawal. The Vivad se Vishwas scheme aims to resolve litigations, and the new capital gains tax regime is expected to benefit in most cases. Meanwhile, CBIC Chairman Sanjay Kumar Agrawal suggested reducing the duty rate for mobile phones from 20% to 15%.
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