
President Biden proposes eliminating a loophole that allows wealthy people to pass assets tax free to their children but Republican lawmakers say it will hit middle class Americans.

Stock in space tourism pioneer Virgin Galactic is on the move again because a battle between billionaires is heating up.

(Bloomberg) -- International Business Machines Corp. President Jim Whitehurst is stepping down after three years at the century-old technology company. The shares fell the most in five months.The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and has moved quickly to reshape IBM and return it to growth. Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33 bil

International Business Machines Inc. shares fell Friday after the company announced that Jim Whitehurst was stepping down as president. IBM (IBM) shares were last down 4.5% at $140.28 and were the worst performing stock on the Dow Jones Industrial Average (DJIA) Friday. Whitehurst became IBM president in January 2020, the same time Arvind Krishna was appointed chief executive, after the company’s $34 billion acquisition of Red Hat, which closed in July 2019.
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