A big tax increase could be on its way. In fact, several tax increases appear imminent. And they likely have your name on them. Here's what to do now.
House Democrats' proposed tax hikes are 'a little less aggressive' than President Joe Biden's, one expert said.
The tax changes proposed by House Democrats this week would lower taxes for most Americans, at least in the near term, while hitting top-earning households with sizable increases, according to estimates released Tuesday by the bipartisan congressional Joint Committee on Taxation (JCT). The Democratic plan, which is being debated again this week by the House Ways and Means Committee, calls for restoring a top marginal individual income tax rate of 39.6%, up from the current 37%. It also includes
Rivian rolled out the first all-electric pickup truck, beating GM, Tesla and Ford. Meanwhile, Nikola plans to make 100 semis in Germany.
(Bloomberg) -- The U.S. Securities and Exchange Commission awarded $110 million to a tipster whose information resulted in enforcement actions, bringing total payments under the agency’s whistle-blower program to more than $1 billion. The tipster’s award, the second-largest ever, includes $40 million from the SEC and $70 million from a related action brought by another agency, according to a statement Wednesday. Under the SEC’s whistle-blower program, tipsters can be paid for information that pr
Shares of Macau casino operators on Wednesday shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub. With Macau's lucrative casino licences up for rebidding next year, the plan spooked a Hong Kong market already deep in the red after Beijing's regulatory crackdown on sectors from technology to education and property that sliced hundreds of billions of dollars off asset values https://www.reuters.com/world/china/china-crackdown-wipes-hundreds-billions-off-top-companies-values-2021-09-13. Wynn Macau led the plunge, falling as much as 34% to a record low, followed by a 28% tumble for Sands China.
One strategy for selecting top stocks is to follow a known market guru, a high-profile, highly successful investor. These are the pros who have built multi-billion dollar portfolios, and manage the high-performing hedge funds. And ARK Investing’s Cathie Wood stands tall in their ranks. How successful? Well, last year, her $21.1 billion ARK Innovation fund led the way among the best-performing actively managed equity funds in the US. In recent days, Wood has been making some waves by noting that
'My daughter wants to build a home with two master suites. I have more than enough money for a down payment.'
The program is running out of money faster — and you need to take care of yourself.
The most far-reaching part of Democrats' proposal within the $3.5 trillion reconciliation package is the requirement for many businesses to offer a retirement plan for their workers.
(Bloomberg) -- The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.“There are things that are interfering with market signals right now that we haven’t seen before. Eventually things work out, but eventually can be a long time,” Chief Executive Officer Mike Wirth said Wednesday in an interview at Bloomberg News headquarters in New York. He expects strong prices for gas, lique
(Bloomberg) -- South Korea’s leading opposition candidate warned of a potential collapse in the housing market and a spike in bankruptcies as interest rates rise, blaming President Moon Jae-in for letting debt levels hit a record through expansionary spending.Hong Joon-pyo, one of the top-ranked conservatives seeking to be the next president, said the current level of fiscal spending is unsustainable with government debt expected at over 1,000 trillion ($855 billion) next year. “Moon generously
Shares of Alibaba Group Holding (BABA), the Chinese e-commerce giant, have fallen for three days straight. Indeed, if you pull back the camera a bit and widen the lens, they've been falling much longer than that -- down 50% since peaking last October, when the coronavirus was still ravaging retailers all around the globe, and only China seemed to have any semblance of control over the pandemic. And that's why it's such a crying shame that "China" is itself the reason Alibaba stock has been sinki
We *need* this reunion to happen!
Shares of Dutch Bros Inc, which is backed by private equity firm TSG, rose over 41% in their stock market debut on Wednesday, valuing the coffee chain at $5.36 billion. Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma, third-generation dairy farmers who were forced to leave the business due to industry-wide disruption. The coffee chain sold 21.1 million shares in its IPO on Tuesday, raising about $484 million.
Some younger Clemson fans hold up a paw hand gesture, and other Clemson fans hate it. It's likened to what some consider the lamentable "woo-hoo."
The House Ways and Means Committee advanced a slate of tax increases designed to fund Democrats’ multitrillion-dollar infrastructure and social welfare reconciliation package.
Lucid Motors (LCID) shares rose 7% after a bullish Wall Street analyst note along with confirmation from the Environmental Protection Agency that the EV maker's premium tier car has a higher mile range than Tesla's model S (TSLA).
(Bloomberg) -- Swiss running shoemaker On Holding AG, whose proprietary cushioning technology has attracted tennis legend Roger Federer as an investor, climbed 46% on its first day of trading in New York.The shares closed at $35.00 on Wednesday, after being sold for $24 apiece in the initial public offering. The Zurich-based company raised $746 million after marketing the stocks for $20 to $22.On has become one of the world’s fastest-growing running-shoe brands since it was founded a decade ago.
3rd Update, 8:39 PM PT: California Governor Gavin Newsom was projected to defeat an effort to recall him from office, beating back an effort by Republicans to score a victory in the deeply blue state. CNN and NBC News called the race about 40 minutes after polls closed, with indications of a lopsided and blowout […]
Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop's stock helped launch the frenzy that shook Wall Street earlier this year.