Tag: economic policies

Biden’s Proposed Cap Gains Tax Would Exceed 100 Percent

March 14, 2023
bidenBrightBusiness & MarketsBusiness ColumnistsCapital gainseconomic policieseconomyInvestmentpersonal financetaxtaxesUSUS NewsWealth Management
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President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to recent calculations by Laffer Associates. The increase would more than double the tax investors pay on investments held longer than one year. The proposal, outlined as part of Biden’s $6.8…

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Biden’s Proposed Cap Gains Tax Would Exceed 100 Percent: Economist

March 14, 2023
bidenBrightBusiness & MarketsBusiness ColumnistsCapital gainseconomic policieseconomyInvestmentpersonal financetaxtaxesUSUS NewsWealth Management
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President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to recent calculations by Laffer Associates. The increase would more than double the tax investors pay on investments held longer than one year. The proposal, outlined as part of Biden’s $6.8…

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Capital Gains Tax Can Exceed 100 Percent Under Biden Proposal: Economist

March 14, 2023
bidenBusiness & MarketsCapital gainseconomic policiesInvestmenttaxesUSUS News
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President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to recent calculations by Laffer Associates. The increase would more than double the tax investors pay on investments held longer than one year. The proposal, outlined as part of Biden’s $6.8…

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Wall Street Opens Higher as Inflation Data Boosts Smaller Rate-Hike Bets

March 14, 2023
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened higher on Tuesday after consumer prices in the world’s largest economy grew in line with expectations, bolstering bets of a small interest rate hike by the Federal Reserve at its next meeting. The Dow Jones Industrial Average rose 236.15 points, or 0.74 percent, at the open to 32,055.29. The S&P…

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Concern Builds Over Biden’s Green Energy Clampdown on Washing Machines, Refrigerators

March 14, 2023
bidenBusiness & MarketsCompanieseconomic policieseconomyExecutive BranchPoliticsrefrigeratorsUSUS Newswashing machine
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The Biden administration’s new “energy-efficiency standards” for refrigerators and washing machines have sparked concern among industry experts who fear they could end up costing manufacturers and consumers more at a time when energy costs have soared. The Department of Energy (DOE) last month proposed new efficiency standards for washing machines, claiming that they would “lower household energy…

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Dollar Rebounds After Tumbling on SVB Collapse, With CPI Data Incoming

March 14, 2023
Business & MarketsCompanieseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON/SINGAPORE—The dollar rose in somewhat calmer trading on Tuesday, after tumbling on Monday following the collapse of Silicon Valley Bank (SVB), as investors waited for the release of U.S. consumer inflation data later in the day. Tuesday’s consumer price index (CPI) figures have the potential to drive further volatility in global markets, coming a day…

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Oil Prices Continue Slump in Fallout From SVB Shutdown

March 14, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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LONDON—Oil prices dropped more than $2 a barrel on Tuesday, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. Brent crude futures fell $1.64, or 2 percent, to $79.13 a barrel by 1001 GMT. U.S. West Texas Intermediate crude futures (WTI)…

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Shares Tumble as Stress Creeps Into Markets

March 14, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global shares slid on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates around the world were…

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Walmart Offers Affordable Easter Meals to Lure Thrifty Shoppers

March 13, 2023
Business & MarketsCompanieseastereconomic policieseconomyMarketsmealsUSUS NewsWalmart
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Walmart Inc. said on Monday it would offer Easter meals and bundles at affordable prices, a move aimed at drawing more customers to its stores at a time when egg prices have surged and consumers are keeping a tight grip on their wallets. The price of eggs, a staple of Easter baskets, has been near…

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Bank Failures Lead to Investor Bets That Fed Will Ease up on Rate Hikes

March 13, 2023
Business & MarketsCompanieseconomic policieseconomyFederal Reserveinterest ratesInvestmentMarketsSilicon Valley Bank CollapseUSUS News
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The collapse of Silicon Valley Bank and Signature Bank has sent a shock wave across markets while sharply bolstering investor expectations that the Federal Reserve will ease up on the pace of its rate hikes—or stop raising interest rates entirely. A week ago, before Silicon Valley Bank (SVB) became a household name as regulators ordered…

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