Chip Somodevilla | Getty Images News | Getty Images A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection and reduce an the use of an IRA as a tax shelter for the rich,
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In this article CFG CPE A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: China Evergrande Group
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, U.S., on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from sky-high levels and buyer demand is growing. Builder
People arrive at the John F. Kennedy Airport in New York on March 13, 2020. in New York City. Pablo Monsalve | Corbis News | Getty Images The U.S. is planning to ease travel restrictions for international visitors who are vaccinated against Covid-19, including those from the U.K. and EU, the White House said Monday.
The clock is ticking on the federal debt ceiling. Lawmakers have until the end of this month to raise the debt limit once again. In a Wall Street Journal op-ed Sunday, Treasury Secretary Janet Yellen said failing to act could spark an economic catastrophe. While the legal cap on how much the U.S. can borrow doesn’t impact what
The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen. SOPA Images | LightRocket | Getty Images China’s “highly distressed” real estate companies are at risk of collapse as the country’s highly indebted developer Evergrande is on the brink of default,
In this article .KLSE TPGC-MY Shares of Malaysia’s Top Glove, the world’s largest medical glove maker, have fallen by more than 50% this year as the rollout of Covid-19 vaccinations worldwide dampened demand for gloves. “Like in every business, there’re always highs and lows. And you cannot expect super profits to continue for a long,
A look at the trailblazer of the crypto space, Bitcoin.
A trader works on the floor at the New York Stock Exchange, August 27, 2021. Source: NYSE U.S. stock futures dipped in overnight trading Sunday after the Dow Jones Industrial Average turned in three straight weeks of losses for the first time since September 2020. Futures on the Dow shed 114 points, or 0.3%. S&P
In this article PFE Top infectious disease expert Dr. Anthony Fauci responds to accusations by Sen. Rand Paul (R-KY) as he testifies before the Senate Health, Education, Labor, and Pensions Committee on Capitol hill in Washington, D.C., July 20, 2021. J. Scott Applewhite | Pool | Reuters Dr. Anthony Fauci defended the Food and Drug
Rukiya Zaman, 7, received a $100 in a scholarship 529 college savings plan as part of a New York City pilot program aimed at closing the wealth gap. Her parents have since started saving in their own account. CNBC Rukiya Zaman, who is a 7-year-old, dreams of becoming a NASA astronaut. The second grader, who
Under the House Democrats’ reconciliation plan, the top tax rate on pass-through business income would exceed 50 percent in most states. Pass-through businesses, such as sole proprietorships, S corporations, and partnerships, make up a majority of businesses and majority of private sector employment in the United States. The owners of these firms pay individual income tax on income derived from these