The so-called wealth tax is a politically divisive economic policy, but one that is regaining traction amid rising inequality and shifting demographics. U.S. President Joe Biden in his 2024 State of the Union address became the latest to propose such plans, calling for a “billionaire tax” on the country’s super-rich. But can such a policy… Continue reading The rise of the Robin Hood tax
Category: Finance News
Stocks making the biggest moves after hours: Adobe, Ulta and more
These are the stocks posting the largest moves in extended trading.
Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.
This week provided a reminder that inflation isn’t going away anytime soon
Price pressures increasing at a faster-than-expected pace raised concern that inflation could be more durable than anticipated.
‘Dollars up, donors down’: More charity money is coming from the ultra-wealthy
Charitable donations are becoming hyper-concentrated among a small group of ultra-wealthy mega-donors.
Stocks making the biggest moves midday: Dick’s Sporting Goods, Lennar, Robinhood and more
These are the stocks posting the largest moves in midday trading.
Mega Millions sixth-largest jackpot hits $792 million—how much you’d actually take home in every U.S. state
Mega Millions’ jackpot is approaching a billion dollars, but the actual amount you’d take home will be much less than that.
HSBC is ‘very positive’ about the future of China’s economy, CFO says
HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank’s chief financial officer told CNBC on Thursday.
Tracy Britt Cool, who worked for Warren Buffett for 10 years, is making her name in midsized firms
Tracy Britt Cool, who worked closely with Buffett for a decade, is building a close-knit community for smaller businesses.
‘Take the emotion out of investing’ during a presidential election year, strategist says. What to do instead
Trying to time the stock market during a presidential election year could cost investors. Here’s how to stay the course.