Higher Income Tax
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Fixed income should have more love in a ‘higher and hold’ world
The prospects for returns are much brighter, with bond yields at the highest levels since the global financial crisisFinancial Times - World -
Americans must pay higher taxes if they want to keep a high standard of living
Financial challenges face the next U.S. president — but one candidate’s remedies would be a ‘train wreck.’MarketWatch - Business -
We'll need universal basic income - AI 'godfather'
Geoffrey Hinton, known as the godfather of AI, said the technology could leave many without jobs.BBC News - Top stories -
Cost of diabetes, obesity drugs often out of reach for low-income patients
While it may seem like everyone is taking Ozempic, not everyone can afford to. The high price of popular diabetes drugs prevents many people from getting them.CBS News - Top stories -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Comex Gold Ends 1.4% Higher at $2412.20
Front Month Comex Gold for May delivery gained 1.4% to $2412.20 — a fresh record highThe Wall Street Journal - World -
Higher education is failing — and our democracy is suffering
Educators must grapple anew with the question of how to teach democracy, so that students master both the theory and the hands-on practice of it.The Hill - Politics -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
The crisis of confidence in higher education will not end with the student protests
Even as student protesters take down their encampments and go home for the summer, colleges and universities are left with much work to do if they are to regain the public’s trust in higher education.The Hill - Politics -
Higher Ed Has a Progressive Disease. Can It Be Reversed?
The prognosis seems grim, but I found signs of life as a proud father at Notre Dame’s commencement.The Wall Street Journal - World -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
You Made a Mistake in Your Taxes. Now What?
The rules around amending a return can get complicated. Here’s what you need to know.The Wall Street Journal - World -
Hunter Biden attorneys ask for delay in tax case
Hunter Biden’s attorneys have asked the judge overseeing his tax case in California to delay the trial, which is set for June, until September or later. Earlier this week, Biden lost his attempt to delay his federal gun trial in Delaware, with the ...The Hill - Politics - Joe Biden -
Chicago Won't Tax Its Way Out of This Mess
Chicagoans consistently rank taxes neck and neck with public safety as their top concern.The Wall Street Journal - World -
We are a step closer to taxing the super-rich
What once seemed like an impossibility is now being considered by G20 finance ministersFinancial Times - Business -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
A Global Tax on Billionaires? Janet Yellen Says 'No'
The Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax.The Wall Street Journal - World -
California is imposing a new tax on guns. Will it impact sales?
Beginning July, state will become the first to charge an 11% excise tax, on top of federal and sales taxes, with an aim to reduce gun violence. Starting in July 2024, California will be the first state to charge an excise tax on guns and ...The Guardian - World - California -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
Lionel Messi’s $20.4m Inter Miami income exceeds payrolls of all but four MLS teams
Miami lead MLS in payroll with $41.7 on salariesArgentinian also has estimated endorsements of $70mLionel Messi’s annualized pay from his MLS contract with Inter Miami is just over $20.4m in his first full season, exceeding the payrolls of all but ...The Guardian - World - MLS -
Treasury yields end higher for first time in four sessions
Rates on U.S. government debt closed higher on Thursday, with 10- and 30-year yields bouncing off their lowest levels since early April, after a fresh round of data.MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.CNBC - Business -
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US green energy push expected to generate $47bn market in tax credits
Oil companies, banks, private equity and others partner with renewables developers to offset liabilitiesFinancial Times - World -
Here are some options to reduce taxes on your savings interest this year
Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.CNBC - Business -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Private Equity Warms Up to Clean-Energy Tax Credits
Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Voters want to tax outrageous CEO pay. Are lawmakers listening?
A new poll reinforces my informal findings: Americans across the political spectrum are fed up with overpaid CEOs — and want something done about it.The Hill - Politics -
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Youngkin Vetoes Measures to Remove Tax Breaks for Confederate Heritage Group
The Virginia governor rejected efforts by the state’s Democrats to reshape the Commonwealth’s relationship with its Confederate past.The New York Times - Top stories -
Virginia governor allows Confederate groups to keep tax exemptions
Republican Glenn Youngkin also vetoed bills related to maintaining access to contraception, saying they were ‘not ready’. Virginia governor Glenn Youngkin has vetoed two bills that would have stripped tax exemptions for the United Daughters of the ...The Guardian - World -
Biden's proposed tax hike would crush workers and the economy
Biden is eager for more hard-earned money from U.S. taxpayers, and he is willing to drive businesses overseas again by raising corporate tax rates.The Hill - Politics - Joe Biden -
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Honduran city’s air pollution is almost 50 times higher than WHO guidelines
San Pedro Sula is rated ‘dangerous’ as effects of forest fires, El Niño and the climate crisis cause a spike in respiratory illnesses. The air quality in San Pedro Sula, the second-largest city in Honduras, as been classified as the most polluted ...The Guardian - World -
Ex-ministers warn UK universities will go bust without higher fees or funding
Exclusive: Vice-chancellors suggest fee rise of £2,000 to £3,500 a year, but others say that is ‘politically impossible’. Next government must make hard university funding decisions, fastVice-chancellors and former ministers are warning that the ...The Guardian - World - United Kingdom