Vice President Kamala Harris has recently outlined her economic agenda, calling for higher taxes on wealthy Americans and corporations. At the heart of her proposal is a 25% minimum tax on total income, including “unrealized gains” exceeding $100 million. Despite her efforts to address income inequality, experts believe that her plan is unlikely to gain
Volvo Cars made the decision to adjust its margin and revenue targets, citing increased complexity in global trade and tariffs as a primary factor. The Swedish automaker, which is majority-owned by China’s Geely Holding, stated that it is now aiming for an EBIT margin goal of 7-8% by 2026, down from its previous target of
As we delve into CNBC’s inaugural Official NFL Team Valuations, it becomes evident that numerous factors contribute to a team’s overall franchise value. Michael Ozanian, CNBC’s senior sports reporter, meticulously calculates each team’s worth based on revenue, profit, and debt. In examining the 32 clubs on the list, it is apparent that the average NFL
Visa recently announced its plans to revolutionize the way consumers make payments by introducing a dedicated service for bank transfers in Europe. This innovative approach aims to streamline the payment process, offering users greater control and security when making transactions. With the new account-to-account (A2A) payments service, consumers will have the ability to set up
In recent times, London landlords have been selling their buy-to-let properties at an unprecedented rate due to anticipated tax hikes proposed by the U.K. Labour government. Data from property portal Rightmove indicates that almost one-third (29%) of homes currently for sale in the capital were previously rented out. This trend is not isolated to London,
Broadcom, a significant component of the VanEck Semiconductor ETF, has been performing remarkably well in the market. With a solid 16% increase in stock value over the past three months, Broadcom is establishing itself as a strong player in the tech industry. However, it is essential to note that despite this growth, the stock is
In recent weeks, mortgage demand has seen a sharp shift towards refinancing, driven by a continuous decline in interest rates. According to the Mortgage Bankers Association’s latest report, total mortgage application volume saw a modest increase of just 1.6% last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances has
Tiger 21, a network consisting of ultra-high-net-worth individuals and entrepreneurs, recently released an asset allocation report that shed light on the investment choices of its members. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in Nvidia, a prominent chip company known for its involvement in Artificial Intelligence. This decision indicates
Steph Curry, a four-time NBA Champion and 10-time NBA All-Star, is already planning for life after basketball. In a recent interview with CNBC, Curry discussed his future beyond the basketball court. At 36 years old, Curry has a media company, Unanimous Media, and a youth golf tour called Underrated, in addition to various other business
Many younger retirees in the United States rely on Marketplace health insurance due to their ineligibility for Medicare before the age of 65. This option offers lower monthly premiums through 2025 thanks to boosted tax breaks. However, without proper planning, retirees can face a costly tax surprise, according to experts. Data from the Kaiser Family