Vice President Kamala Harris has recently outlined her economic agenda, which includes a call for higher taxes on wealthy Americans and corporations. This plan, endorsed in August, mirrors President Biden’s proposal for a 25% minimum tax on total income, including unrealized gains exceeding $100 million. While the aim is to ensure that the wealthiest individuals
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The British technology entrepreneur, Mike Lynch, made headlines in June after being acquitted of fraud charges in a landmark trial involving allegations from Hewlett Packard. Lynch was accused of artificially inflating the value of his company, Autonomy, which he sold to HP for $11.7 billion in 2011. Despite the intense legal battle, Lynch emerged victorious
As the market anxiously watches the Federal Reserve’s every move, the central bank finds itself at a critical juncture. Chair Jerome Powell and his colleagues are facing mounting pressure to navigate the economy through turbulent waters, with the looming specter of a recession casting a shadow over their decisions. The recent volatility in Wall Street
Fed up with the inconsistency in bounce and durability of existing pickleballs, Life Time’s founder and CEO Bahram Akradi decided to revolutionize the game. In a recent announcement, the upscale fitness and lifestyle company revealed the creation of what they call “the ultimate pickleball.” This innovative step is set to change the way pickleball is
Stellantis, the automaker behind popular brands such as Ram and Jeep, recently announced plans to indefinitely lay off up to 2,450 factory workers in the United States. This decision comes as the company discontinues production of an older version of its Ram 1500 pickup truck in Michigan. The Ram 1500 Classic, which has served as
Dolce and Gabbana’s recent release of a luxury perfume for dogs has caused quite a stir in the animal welfare community. With a price tag of over $100, the fragrance mist for dogs has raised questions about the well-being of our furry companions. The perfume, named Fefé after brand-owner Domenico Dolce’s pet dog, is described
Berkshire Hathaway’s recent streak of selling its Bank of America stake over the course of nine consecutive days has raised eyebrows in the financial world. The conglomerate sold a substantial 18.4 million shares of the bank, amounting to $767 million at an average price of $41.65. This trend has continued over the past nine trading
Bill Ackman, a billionaire investor, has decided to postpone the listing of Pershing Square’s U.S. closed-end fund, as stated on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with a new date yet to be announced. Ackman is now aiming to
In an effort to address the issue of rising prescription medication prices and combat the questionable business practices of drug supply chain middlemen, bipartisan lawmakers introduced a new bill known as the “Pharmacists Fight Back Act.” This legislation aims to reform the practices of pharmacy benefit managers (PBMs) and ensure that community pharmacies are fairly
Spot ether exchange traded funds are hitting the market, marking a significant moment for Ethereum and the wider cryptocurrency community. These ETFs are designed to provide investors with direct exposure to ether, the digital asset that powers the Ethereum network. As the industry evolves, the introduction of spot ether ETFs is seen as a crucial