Author: Daniel snow

IPO market boost from Circle 500% surge, VCs say drought may be ending

By

[ad_1] Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025. NYSEFor over three years, venture capital firms have been waiting for this moment.Tech IPOs came to a virtual standstill in early 2022 due to soaring inflation and rising interest rates, while big acquisitions were mostly off the table as increased regulatory scrutiny in the U.S. and Europe turned away potential buyers.Though it’s…

Read More

Top five tax changes for the wealthy

By

[ad_1] A view of the US Capitol in Washington, DC, on June 30, 2025.Jim Watson | Afp | Getty ImagesThe wealthy will likely see a host of new tax breaks in the One Big Beautiful Bill, along with permanent extensions of many of the 2017 tax cuts, according to tax experts.Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% in the Senate version of Trump’s bill, according to the Tax Policy Center. That compares to the nationwide average of about 2.5%. In dollar terms, millionaire earners will see an average after-tax…

Read More

Essence Fest leads a summer of events for Black entrepreneurs

By

[ad_1] U.S. Vice President Kamala Harris speaks on stage with Essence CEO Caroline Wanga at the Global Black Economic Forum during the 30th annual Essence Festival of Culture at the Ernest N. Morial Convention Center on July 6, 2024 in New Orleans, Louisiana. Michael Democker | Getty Images News | Getty ImagesIn a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture to connect with their core customers.”Essence Fest is like my Black Friday,” said Rochelle Ivory, owner of beauty brand…

Read More

Cramer sees jobs data as a win for Fed’s Powell over Trump — plus, possible stocks to trim

By

[ad_1] 1. The S & P 500 was on track for another record-high close in Thursday’s shortened trading session. The government’s June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell’s wait-and-see approach to interest rates was proven correct again. Even if the economy and jobs are not as good as recent numbers indicate, there is certainly nothing Jim has seen lately that calls for an immediate Fed rate cut, as President Donald Trump has been demanding. In a Wednesday night social media post, the president…

Read More

Retailers respond to Trump Vietnam trade deal

By

[ad_1] The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs.But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where we were on Liberation Day,” one CEO of a popular consumer brand told CNBC after Trump said tariffs on Vietnamese imports would be 20%, down from the 46% levy he proposed on April 2, then later suspended. The new rate would be double the 10% duty…

Read More