The ongoing debate over expiring tax breaks enacted by former President Donald Trump has taken center stage in discussions regarding the country’s economic future. President Joe Biden’s top economic advisor, Lael Brainard, recently outlined plans to address the looming expiration of several provisions from the Tax Cuts and Jobs Act of 2017. With the current
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As the world becomes more interconnected, many Americans are considering purchasing real estate overseas. According to the latest Trend Report by Coldwell Banker Global Luxury, nearly 40% of U.S. millionaires are planning on buying a home abroad within the next year. Additionally, two-thirds of respondents are looking to purchase a property outside of the U.S.
In a recent announcement, Moderna revealed that the FDA has postponed the approval of its respiratory syncytial virus (RSV) vaccine until the end of May. The delay was attributed to “administrative constraints” within the agency, with the decision originally expected to be made on Sunday. Despite this setback, Moderna clarified that there were no concerns
The art market is experiencing a decline in auction sales as wealthy buyers and collectors take a step back from the frenzied prices seen in recent years. Major auction houses, including Christie’s, Sotheby’s, and Phillips, are projected to have total sales of $1.2 billion for the upcoming two weeks, representing an 18% decrease from last
European companies in China are grappling with a range of challenges as the country’s economic growth slows down and overcapacity issues rise. According to a recent survey by the EU Chamber of Commerce in China, businesses are finding it harder to turn a profit in the country. In major cities like Shanghai, companies have even
Chinese electric vehicle maker Zeekr has made headlines with its successful initial public offering (IPO) priced at $21 a share, at the top end of its range. The company is set to sell 21 million American depository shares, raising an impressive $441 million when it begins trading on the New York Stock Exchange under the
The much-anticipated return of Mike Tyson to the boxing ring to fight Jake Paul this summer has already created a buzz among fans. With the bout set to take place at AT&T Stadium in Arlington, Texas, and be streamed globally on Netflix, it is expected to be one of the most heavily bet on boxing
A recent Consumer Financial Protection Bureau (CFPB) regulation aimed at reducing late fees on credit cards is facing strong opposition from the card industry, led by the U.S. Chamber of Commerce. The industry’s lawsuit against the CFPB is set to be decided by a judge in the Northern District of Texas by Friday, potentially freezing
When considering a Roth individual retirement account (IRA) conversion, it’s important to understand the potential tax savings that can be achieved through this strategy. By transferring pretax or nondeductible IRA funds to a Roth IRA, investors can kickstart future tax-free growth. While this transfer requires upfront taxes on the converted balance, the long-term benefits can
The financial world was taken by surprise when Spanish bank BBVA announced a rare hostile takeover bid for its domestic rival, Banco Sabadell. This move came after the rejection of a 12 billion euro takeover offer from BBVA to Sabadell’s board earlier in the week. Sabadell’s board stated that BBVA’s initial bid “significantly undervalues” the