Federal government to make COVID-19 PCR and rapid antigen tests tax deductible

The federal government is set to make COVID-19 tests tax deductible for Australian individuals and exempt from fringe benefit tax (FBT) for businesses when they are purchased for work-related purposes. Key points: PCR tests and RATs will be tax deductible, backdated to July 1, 2021 Australians earning an income taxed at 32.5pc will receive a … Read more

Tesla reported record profits. His stock was punished. It’s a better buy than GM or Ford.

Font size The reaction to Tesla’s fourth-quarter earnings report was the worst in its history. David Paul Morris/Bloomberg What the hell just happened Tesla stock? Shares took a major hit last week after the company reported better-than-expected fourth-quarter results on Wednesday evening. The reaction to record profits and a decline in earnings left investors and … Read more

Nasdaq Composite ends 3.1% higher as Friday wipes out unsavory weekly stock losses

US stocks ended on a decidedly higher note Friday, posting sharp gains in a final swing higher in the last hour of trading, helping to erase sharp weekly declines and record multi-week loss streaks across all major benchmarks. What did stock benchmarks do? The S&P 500 SPX index rose 2.4% to 4,431.85, finishing significantly higher … Read more