As over a dozen states consider tax hikes on the wealthy, the debate over what happens when the ultra-wealthy decamp for more tax-friendly parts of the country is reaching a crescendo. CNBC Wealth Reporter Robert Frank speaks with Tax Foundation’s Jared Walczak about the “millionaire tax flight” and Bess Freedman, CEO of Brown Harris Stevens… Continue reading Wealth Tax and the Next Great Migration
These are the 3 big risks to the stock market, economist says
Federal Reserve policy, a surprise recession and disappointing future earnings for companies like Nvidia could rein in the stock euphoria, one analyst said.
Federal Reserve minutes indicate worries over lack of progress on inflation
The Federal Reserve on Wednesday released minutes from its April 30-May 1 policy meeting.
Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy
Synapse is as a middle-man between customer-facing fintech brands and FDIC-backed banks, but it’s had disagreements about how much in customer balances it owed.
Stocks making the biggest moves midday: Target, Urban Outfitters, Tesla, Shopify and more
These are some of the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Target, Lululemon, Shopify and more
These are some of the stocks posting the largest moves in premarket trading.
CFPB says buy now, pay later firms must comply with U.S. credit card laws
The buy now, pay later market is dominated by fintech firms like Affirm, Klarna and PayPal.
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the U.S., GAM’s Julian Howard told CNBC.
DocuSign chief says company wants to stay public after reports of private equity takeover interest
DocuSign CEO Allan Thygesen said the online contract-signing platform is committed to staying public after rumored takeover interest from private equity firms.
Citi fined $79 million by British regulators over fat-finger trading and control errors
British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls.