The measure would impose a 7% tax on the sale of stocks, bonds and other high-end assets in excess of $250,000 for both individuals and couples. Retirement accounts, homes, farms and forestry would be exempt.
Senate Republicans unveiled a smaller infrastructure plan than the one President Joe Biden hopes to pass.
In short, we have the optimism of Build Back Better alongside what may be the pessimism of the rawest of realpolitik – but whoever said that there can only ever be one narrative at a time? Wouldn’t that make trading as easy as central banks have been trying --and still failing--to? Or, more cynically, aren’t both actually part of the same meta-narrative
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Since the onset of the pandemic, Congress has been spending more money than ever. The pandemic hit when it was already projected that in fiscal 2020 the federal budget deficit would once again top $1 trillion. On October 16, however, USA Facts reported that the 2020 deficit was $3.1 trillion. That’s more than twice as much as the previous record of $1.4T set in 2009 in the wake of the financial crisis.
China’s surveillance system of ‘social credit’ has expanded globally and is now openly operational in Western Canada. Vancouver, British Columbia, Canada: China’s Orwellian “social credit system” that records the social and financial behavior of individuals and corporations across China, using a vast surveillance...
It's all so pathetic, isn't it? The only way left to get ahead in America is to leverage up the riskiest gambles.
Australia-based studio Virtually Human launched Zed [an online horse racing game] early in 2019, selling 4,450 digital horses that year with an average price of about $30. It relied on NFT technology to establish proof of ownership and allow for secondary transactions on sites like OpenSea, the popular digital art and collectibles marketplace.
A “distributed operational workforce” with a net reduction in demand for office space facing a business premised on endless growth.
President Jair Bolsonaro seeks $1 billion to reduce Amazon deforestation by 40%.
A Chavez-style socialist is the leading contender to become the nation's next president.
A 2018 Supreme Court decision was supposed to protect your location data from federal snooping. That’s not what happened.
There were 1.07 million homes for sale last month, down more than 28% from a year earlier.
Having decreased sharply this year despite its own price gains, Bitcoin’s market cap share versus altcoins looked set to break through support, which has held for over three years.
Hundreds of thousands of users of a Turkish cryptocurrency exchange, Thodex, have been left unable to access their digital assets after the trading platform abruptly halted trading Wednesday, spurring fraud allegations and thousands of criminal complaints. Thedox posted a statement on its website on Thursday saying it would be closed for four to five days due to a sale process.
In a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’s reserve currency – has a lot more gold than anyone else. But how much?
India’s gold imports from Switzerland surged to highest in almost eight years in March, in a sign that Asian consumers are once again a key pillar of support for the precious metal.After a year on the sidelines -- during which exchange-traded fund buying drove bullion to a record -- Indian and Chinese consumers have rediscovered their appetite...
Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.
Credit Suisse Group AG is planning to slash lending to hedge funds by a third after the Archegos Capital blowup cost the bank $5.5 billion and forced it to tap investors for additional capital. The Swiss lender on Thursday said it’s conducting a review with a goal of “resizing and derisking prime brokerage and prime financing businesses,”...
Has the bubble already popped and we haven’t realized it yet? I recognize it could be considered a ludicrous question to even ask considering indices just made new all time highs last Friday …