Vice President Kamala Harris has recently stirred up controversy with her economic agenda, particularly when it comes to taxing wealthy Americans and corporations. Advocating for higher taxes on the rich, she has endorsed President Joe Biden’s proposal for a 25% minimum tax on total income, which includes “unrealized gains” exceeding $100 million. This so-called billionaire
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CNBC has recently released its first ever Official NFL Team Valuations, ranking professional football teams based on their overall franchise value. This ranking, compiled by CNBC senior sports reporter Michael Ozanian, takes into account factors such as revenue, profit, and debt to provide an overview of the financial health of the 32 clubs in the
Volvo Cars, the Swedish automaker majority-owned by China’s Geely Holding, recently announced a revision to its margin and revenue targets. The company has adjusted its 2026 EBIT margin goal to 7-8%, down from the previous target of “above 8%.” This decision was influenced by the increased complexity of global trade and tariffs, which have presented
The landscape for buy-to-let landlords in London is shifting dramatically as tax hikes loom on the horizon. Data from property portal Rightmove revealed that 29% of homes currently for sale in the capital were previously rented out. This spike is part of a larger trend, with 18% of all nationwide listings being former rental properties,
The current system of setting up direct debits for payments like utility bills or childcare is fraught with issues. Consumers are required to fill out direct debit forms, sharing personal information and bank details that may not be secure. Additionally, static direct debits offer limited control over the payment amount, requiring advance notice for any
Broadcom, the third largest component in the VanEck Semiconductor ETF (SMH), has been making waves in the tech sector. With a significant 8.6% of the fund allocated to Broadcom, investors are keeping a close eye on its performance. Over the past three months, the stock has seen an impressive 16% increase. However, it is still
The mortgage industry is currently experiencing a shift in demand, with a heavy emphasis on refinancing. This is mainly due to the continuous decline in interest rates for the fifth consecutive week. According to the Mortgage Bankers Association, total mortgage application volume saw a modest increase of just 1.6% last week compared to the previous
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, recently released a report on its asset allocation for the second quarter. Surprisingly, more than half of the members, specifically 57%, have decided not to invest in chip giant Nvidia. Interestingly, the majority of these members have no plans to initiate a position in the company,
Many younger retirees in the United States are not yet eligible for Medicare before the age of 65. As a result, they often turn to Marketplace health insurance, which offers lower monthly premiums due to boosted tax breaks until the end of 2025. This has led to an increase in the number of Americans aged
Steph Curry, the legendary NBA player, is not just focused on his basketball career but also planning for his future ventures outside the court. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations for his businesses and potential ownership of an NBA team once his playing days are over. At