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Category: Finance News

Watch for this ‘phantom tax’ before taking Affordable Care Act insurance subsidies, advisor says

Many Americans qualify for Affordable Care Act health insurance subsidies, but it’s critical to run tax projections before accepting lower premiums.

Published 16 November 2023
Categorised as Finance News

Bill Gates says today’s software is still ‘pretty dumb,’ but believes AI will ‘utterly change how we live our lives’

In the near future, Bill Gates thinks most people will have AI agents that are smart enough to accomplish many tasks for them. But many challenges lie ahead.

Published 16 November 2023
Categorised as Finance News

Fed’s Mester wants ‘much more evidence’ that inflation has been defeated

The Cleveland Fed president said she’s reserving judgment on where policymakers go from here.

Published 16 November 2023
Categorised as Finance News

Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more

These are the stocks posting the largest moves in midday trading.

Published 16 November 2023
Categorised as Finance News

Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself

Berkshire Hathaway vice chairman Charlie Munger pushed back against a ProPublica report about Warren Buffett’s personal trading.

Published 16 November 2023
Categorised as Finance News

Correction: Stocks making the biggest moves premarket: Walmart, Cisco, Palo Alto Networks and more

These are the stocks posting the largest moves before the bell.

Published 16 November 2023
Categorised as Finance News

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking

Eventual 2, 3% inflation in the U.S. is “very acceptable” outcome, given the conditions that the Federal Reserve had to grapple with.

Published 16 November 2023
Categorised as Finance News

Burberry shares sink 9% as luxury spending slowdown bites

Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts

Published 16 November 2023
Categorised as Finance News

Xi says U.S. and China can only be adversaries or partners, with no middle ground

Chinese President Xi Jinping told U.S. business executives Thursday the two countries have to choose between being adversaries or partners.

Published 16 November 2023
Categorised as Finance News

U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit

U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.

Published 16 November 2023
Categorised as Finance News

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  • Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
  • Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
  • Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
  • Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
  • Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

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