Vice President Kamala Harris recently outlined her economic agenda, which includes calling for higher taxes on wealthy Americans and corporations. Harris has endorsed President Joe Biden’s proposed tax increases, such as a 25% minimum tax on total income for individuals with assets exceeding $100 million. If enacted, taxpayers above the $100 million threshold would need
As we embark on CNBC’s inaugural Official NFL Team Valuations, it is crucial to understand the intricate factors that contribute to a professional football team’s overall franchise value. The rankings, crafted by CNBC’s senior sports reporter Michael Ozanian, take into account various elements such as revenue, profit, and debt to effectively assess the financial standing
Volvo Cars recently made the decision to scale back its margin and revenue targets, signaling a shift in the company’s strategy. The Swedish automaker, known for its commitment to electric vehicles, announced that it is no longer aiming for 100% all-electric vehicle sales by 2030. This decision has had a significant impact on its financial
Visa recently announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, which will skip the traditional credit card and direct debit processes. This new service will allow users to set up direct debits on merchants’ e-commerce platforms with just a few clicks, providing them with more control and security over
The real estate market in London is experiencing a significant shift as landlords are choosing to sell their buy-to-let properties at record rates. This trend is driven by anticipated tax hikes from the U.K. Labour government, which are putting increased pressure on what was once considered a lucrative investment sector. The implications of these tax
Broadcom, a major tech company, is set to report earnings after the bell on Thursday. The stock has been performing well, with a 16% increase over the past three months. However, it is important to note that shares are still 17% below the June high. The VanEck Semiconductor ETF, in which Broadcom is a significant
In a surprising turn of events, mortgage demand has seen a significant shift towards refinancing as interest rates continue to decline. Data from the Mortgage Bankers Association revealed that total mortgage application volume only rose by 1.6% last week, with the bulk of the increase coming from refinancing applications. This marks the fifth consecutive week
A recent asset allocation report from Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, revealed that more than half of its members are not invested in Nvidia. The report showed that 57% of the members have chosen to steer clear of the chip darling, with many citing concerns about the sustainability of the company’s