Author: Daniel snow
Continued worries about the U.S. fiscal outlook triggered another selloff in long-dated U.S. government debt as of Wednesday morning, pushing the yield on the 30-year bond back above 5% for the second time this week in what may turn out to be a problematic development for stocks. Source link
A visitor waves an American flag near the U.S. Capitol, as the U.S. House of Representatives considers U.S. President Donald Trump’s sweeping tax-cut bill, on Capitol Hill in Washington, D.C., U.S., May 19, 2025. Nathan Howard | ReutersA tax package House Republicans may pass as soon as this week would kill a slew of consumer tax breaks tied to clean energy, as currently drafted. If it becomes law, households interested in the tax breaks may have to rush to claim them this year, experts said.Tax breaks on the chopping block include ones for consumers who buy or lease electric vehicles,…
The Sonic brand now generates over $1 billion in retail revenue per year from licensing alone. Source link
The chip company is reportedly preparing to file for bankruptcy as it deals with mounting debt. Source link
U.S. President Donald Trump speaks at an event about the economy at the Circa Resort and Casino in Las Vegas, Nevada, U.S., January 25, 2025. Leah Millis | ReutersThe Senate on Tuesday unanimously passed the No Tax on Tips Act in a surprise vote, which could boost momentum for an idea floated by President Donald Trump during his 2024 campaign. If enacted, the legislation would create a federal income tax deduction of up to $25,000 per year, with some limitations. The tax break applies to workers who typically receive cash tips reported to their employer for payroll tax withholdings, according to a…
Bond vigilantes appear to be circling the globe, sending yields on government debt higher partly on concern over worsening fiscal situations. Source link
In January 2023, Buffalo Bills safety Damar Hamlin’s shocking collapse during an NFL Monday Night Football game due to cardiac arrest placed a high-profile spotlight on a concerning, and growing, statistic: each year, more than 10,000 people suffer from cardiac arrests in U.S. workplaces. But unlike Hamlin, whose unique workplace allowed him to receive immediate treatment from NFL and team medical professionals who administered CPR and used an automated external defibrillator to revive him before he was transported to a nearby hospital, many other workplaces across the U.S. are not prepared to address cardiac arrest so easily, nor are the workers…
The launch comes after JPMorgan Chase Chief Executive Jamie Dimon said in his most recent annual letter to shareholders that investors face “the most perilous and complicated geopolitical and economic environment” since 1945. Source link
Jonathan Raa | Nurphoto | Getty ImagesBitcoin rose to a new all-time high on Wednesday, breaking its January record.The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,500.”Bitcoin’s new high has been concocted by an array of favorable ingredients in the macro cauldron, namely softer U.S. inflation numbers, a de-escalation in the U.S.-China trade war and the Moody’s downgrade of U.S. sovereign debt, which has put the spotlight on alternative stores of value like bitcoin,” said Antoni Trenchev, cofounder of crypto exchange Nexo.Stock Chart IconStock chart…
“I don’t want to wait a day longer than I have to.” Source link