Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Despite roadblocks, five House Democrats are still fighting for relief on the $10,000 limit on the federal deduction for state and local taxes,
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(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide. The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions. But soaring inflation and rapidly rising interest rates have most Americans worried that the good
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins
In this article SE Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat
A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio‘s biggest challenge right now is making sure that supply chains are stable, CEO William
Mark Cuban still remembers what it was like to live with student loan debt. The billionaire entrepreneur and investor also says reducing the more than $1.7 trillion in U.S. student debt could be a key to boosting the country’s economy, which is why he says he supports President Joe Biden’s campaign proposal to forgive $10,000
FG Trade | E+ | Getty Images The recent volatile price action in the stock market has been scary for some investors, especially younger ones just dipping their toes into putting money away for the long-term. Still, financial experts say that now is a good time for people to start investing or to continue to
This week it was reported that during her recent trip Poland, Treasury Secretary Janet Yellen offered estimates from the EU Tax Observatory as evidence that the Polish government would benefit from supporting the global tax deal. Poland has been cautious to lend its support to the EU legislation to implement the minimum tax rules, and
In this article RDFN Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoenix and lowest in San Francisco,” Redfin deputy chief economist Taylor Marr told CNBC. The relationship between
In this article PANW Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021, in St Andrews, Scotland. David Cannon | Getty Images Palo Alto Networks shares rose 12% in extended trading on Thursday after the network
CNBC’s Jim Cramer on Thursday told investors that he’s optimistic that stocks of “amazing businesses“ will make a comeback once the stock market faces better conditions, highlighting five names in particular. “Over the long haul, I think the best way to make money is by believing, not disbelieving, by owning, not renting, by taking the
U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.2% higher, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average advanced 55 points, or 0.2%. Those moves came after another downbeat day on
1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe Courtesy: RM Sotheby’s An ultra-rare Mercedes-Benz race car sold for $143 million earlier this month, making it the most expensive car ever sold. RM Sotheby’s announced it auctioned off a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe for 135 million euros, or about $143 million. The sale smashed the previous
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. affiliate of crypto exchange FTX said Thursday it plans
skynesher Days of record market losses may inspire 401(k) investors to take action. Yet most experts caution against doing just that. The reason: Days when the markets are down tend to be closely followed by days when the market is up. If you sell and run for cover now, you may miss the upside. “The
The Tax Foundation respectfully submits comment on the state tax and revenue implications of the proposed tobacco product standard for menthol in cigarettes. Alongside the intended consequence of limiting sales of menthol cigarettes, menthol cigarette prohibition will have a significant impact on state revenue collections, in excess of the losses associated with individuals who respond
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess
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