[ad_1] House Republicans are set to vote on the Fair Tax Act introduced by Rep. Earl L. “Buddy” Carter (R-GA) which seeks to eliminate all personal and corporate income taxes, the death tax, gift taxes,…
[ad_1] Prominent market commentator Jim Cramer said on Tuesday investors still have a chance to load up on homebuilder stocks before a possible run-up in their prices. “The charts, as…
[ad_1] Cathie Wood-led ARK Investment Management bought a whopping 100,982 shares of Tesla Inc TSLA on Tuesday at an estimated valuation of over $12 million based on Tuesday’s closing price,…
[ad_1] The World Bank’s latest Global Economic Prospects report has warned that amid fragile economic conditions, any new adverse development such as higher-than-expected inflation, abrupt rises in interest rates, a resurgence…
[ad_1] Allianz chief economic adviser and noted economist Mohamed El-Erian believes a potential fall in December headline inflation will not mark the end of the current price-rise problem. “Consensus is for Thursday’s U.S. CPI report…
[ad_1] Major Wall Street indices closed in the green on Tuesday as investors and traders kept their eyes glued to the crucial consumer price inflation data due on Thursday. Federal Reserve Chair Jerome…
[ad_1] Federal Reserve officials have reportedly said fresh inflation data scheduled to be released on Thursday will help them decide whether the pace of interest rate hikes could be slowed,…
[ad_1] Cathie Wood-led ARK Investment Management bought 27,811 shares of Tesla Inc TSLA on Monday at an estimated valuation of over $3 million based on the day’s closing price. The…
[ad_1] Major Wall Street indices closed mixed on Monday with the Nasdaq Composite being the only one to end the session on a positive note, led by gains in technology…
[ad_1] Former Secretary of Labor Robert Reich has expressed his concerns about the Federal Reserve’s fight against inflation in the context of employment. Reich noted that the central bank’s attempt to rein in inflation by…
[ad_1] Shares of Alibaba Group Holding Ltd BABA rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire Jack Ma ceding control of Ant Group. Ma’s 10% stake…
[ad_1] Former Treasury Secretary Lawrence Summers said he maintains his view that inflation cannot be brought down to the 2% range without getting wage inflation substantially down. “You don’t get…
[ad_1] International Monetary Fund Deputy Managing Director Gita Gopinath has reportedly warned that the U.S. has not “turned the corner yet” and it is too early for the Federal Reserve to announce victory in its…
[ad_1] Prominent market commentator Jim Cramer has recommended five stocks from the Nasdaq Index that he believes could be decent additions to investors’ portfolios. “In an index that’s been folded,…
[ad_1] Cathie Wood-led ARK Investment Management bought 172,276 shares of cryptocurrency exchange platform Coinbase Global Inc COIN at an estimated valuation of over $5.7 million based on Thursday’s closing price.…
[ad_1] Major Wall Street indices closed over 1% lower on Thursday, dragged by strong employment data which could nudge the Federal Reserve to continue its rate hikes. Private sector employment increased…
[ad_1] Cathie Wood of ARK Investment Management believes U.S. equity markets are the polar opposite of what they were in the 90s when investors chased their dreams. She cited the…
[ad_1] Cathie Wood-led ARK Investment Management bought 21,050 shares of Tesla Inc TSLA on Wednesday at an estimated valuation of over $2.39 million. This is the sixth consecutive day ARK…
[ad_1] “The Big Short” investor Michael Burry has expressed skepticism on the stock price movement of Salesforce Inc CRM following the company’s plans to reduce its current workforce by 10%. “CRM…
[ad_1] After former Treasury Secretary Lawrence Summers questioned the House GOP’s intent to end “unnecessary” federal programs, which includes cutting down $80 billion in funding for the Internal Revenue Service (IRS),…
[ad_1] Major Wall Street indices closed in the green on Wednesday despite the Federal Reserve‘s meeting minutes indicating a continued hawkish tone from the central bank. According to the summary…
[ad_1] Former Treasury Secretary Lawrence Summers has questioned House Republicans’ intent to prioritize ending “unnecessary” federal programs, including cutting down $80 billion in funding for the Internal Revenue Service. “I just learned @HouseGOP’s…
[ad_1] Chinese regulators have reportedly cleared a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit. The China Banking and…
[ad_1] Major Wall Street indices closed in the red on Tuesday, the first trading day of 2023, as concerns over rising rates and inflation still seem to drive investor sentiments.…
[ad_1] Cathie Wood-led ARK Investment Management bought 176,112 shares of Tesla Inc TSLA at an estimated valuation of over $19 million on a day when the stock witnessed a significant…