• If Trump changes your taxes, here are the deductions and breaks that could go away
    Politics
    CNBC10 hours ago

    If Trump changes your taxes, here are the deductions and breaks that could go away

    The question of whether you'll be paying more in taxes under President Donald Trump may hinge on how much you use tax deductions now. The Trump administration Wednesday unveiled the broad outlines of his campaign promise to overhaul the sprawling U.S. tax code with a simpler system that lowers tax rates. It remains to be seen how deeply the plan cuts into the most widely used deductions, which cost the government hundreds of billions of dollars in lower taxes.

  • Hedge fund billionaire Bill Ackman provides a perfect example of how the rich get richer
    Business
    Business Insider11 hours ago

    Hedge fund billionaire Bill Ackman provides a perfect example of how the rich get richer

    There's a great piece in The Wall Street Journal about how Wall Street's masters of the universe invest their money through family offices, and how that can sometimes raise eyebrows across the industry. It's not hard to see why family offices can be a problem. Big-time investors are supposed to be putting their clients' interests first, and The Journal report suggests that if they're investing for themselves, they might get distracted from their work.

  • United Parcel Service Nears Key Resistance Level
    Business
    Investopedia12 hours ago

    United Parcel Service Nears Key Resistance Level

    The air freight industry has some major players whose stocks are trading in very different ways. United Parcel Service, Inc. (UPS) fell at the start of the year and has been in a three-month range since. With earnings on Apr. 27, a breakout could occur relatively quickly. FedEx Corp. (FDX) didn't sell off much at the start of the year, but it too has key levels to watch as it has been ranging for the last four months. Expeditors International of Washington, Inc. (EXPD) is currently the strongest of the group, posting a multi-year high on April 25. The chart of United Parcel Service is in a precarious position. The decline between December and February was larger than the last rally higher (November