Latest in Hits Wealthy
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UK hits wealthy with raids on non-doms, private equity and estates
Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreignersBusiness - Financial Times - October 30 -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
Why it’s hard to box in the wealthy on tax
Budget measures and missed opportunities show difficulty of raising large sums from highly mobile executivesWorld - Financial Times - October 30 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
Record numbers of wealthy Americans are making plans to leave the U.S. after the election
Attorneys and advisors to family offices and high-net-worth families said they're seeing record demand from clients looking for second passports or long-term residencies abroad.Business - CNBC - November 1 -
Cop29 could change the financial climate for the world’s wealthy polluters
This week’s summit will focus on paying for the costs of global heating – and much more money is needed. About 50,000 government officials, policymakers, investors and campaigners will gather in ...World - The Guardian - November 10 -
Bridgewater’s Bob Prince buys $12mn home in wealthy Hong Kong enclave
Hong Kong Monetary Authority official calls for applause for executive’s purchase at finance conferenceWorld - Financial Times - 3 days ago -
89% of Americans say they do not consider themselves wealthy — here's what stands in the way
For many Americans, the definition of what it means to be well off is relatively modest. And yet, only one-tenth of Americans consider themselves wealthy today.Business - CNBC - 4 days ago -
How Morgan Stanley Stepped Up its Courtship of Near-IPO Employees as Wealthy Clients
The investment bank signed an agreement with Carta, a shareholder management company for startups, which estimates about 2,000 of its clients are at companies likely to go public.Business - Inc. - 4 days ago -
‘I know it’s awkward to give advice to wealthy people’: My wife, 50, has terminal cancer. Our estate is worth $18 million. How do we prepare?
“We have two children ages 19 and 21, with one starting law school and the younger planning on medical school.”Business - MarketWatch - November 7 -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - October 31 -
Trump hits three battleground states
Former President Donald Trump held campaign events in Pennsylvania, North Carolina and Georgia on Sunday. Nikole Killion reports.Top stories - CBS News - November 3 -
Trump and Harris make final push to break US election deadlock
Presidential candidates descend on Pennsylvania as polls in most crucial swing state show a dead heatBusiness - Financial Times - November 5 -
How violence became a theme of America’s election
Voters are on edge after a campaign season characterised by ‘unprecedented’ levels of extreme rhetoricBusiness - Financial Times - November 4 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
Typhoon Man-yi Pounds the Philippines With Rain and High Winds
The storm, a Category 4, regained strength on Sunday afternoon.World - The New York Times - 6 days ago -
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivalsBusiness - Financial Times - 4 days ago -
China’s Baidu joins Meta in race to make AI-integrated smart glasses
Launch comes as Chinese internet groups jostle for dominance in hardwareBusiness - Financial Times - November 13 -
US hits Russia’s Gazprombank with sanctions
Move in effect bans state-owned bank from global financial system in blow to payments for Moscow’s war effortBusiness - Financial Times - 2 days ago -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Beyoncé hits the campaign trail with Kamala Harris in Houston
Beyoncé joined Vice President Kamala Harris in Houston, Texas, while former President Trump spoke on Joe Rogan's podcast. NBC's Dasha Burns is in Detroit with more.Politics - NBC News - October 26 -
Mexico's Perez hits another bump in the road
Sergio Perez's self-proclaimed "terrible" season took another turn for the worse on Saturday.Sports - ESPN - October 27 -
Bozeman calls hit on Herbert 'one of dirtier plays'
Bradley Bozeman said what Nathan Shepherd did to Justin Herbert -- when Shepherd twisted and pulled down the QB long after he had thrown the ball -- was "probably one of the dirtier plays I've ever ...Sports - ESPN - October 28 -
Chile’s leftwing government hit by rape scandal
President Gabriel Boric’s flagging popularity falls further amid allegations against his former security secretaryBusiness - Financial Times - October 28 -
Trump hits 'nasty' Michelle Obama at Atlanta rally
Former President Trump attacked former first lady Michelle Obama during his rally in Atlanta on Monday, calling her “nasty” after Obama lobbed attacks at the former president while stumping for ...Politics - The Hill - October 28 -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29 -
Washington Post cancellations hit 250,000 – 10% of subscribers
Reader backlash against decision not to make presidential endorsement rolls on despite Bezos defense of decision. Deterioration of the Washington Post’s subscriber base continued on Tuesday, hours ...World - The Guardian - October 29 -
Biogen’s stock hit by soft sales of Alzheimer’s treatment
“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.Business - MarketWatch - October 30 -
Inheritance tax reforms to hit business owners and farmers
Tax relief to be capped on assets worth more than £1mnWorld - Financial Times - October 30 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - October 31 -
China warning hits another medical equipment maker
Smith & Nephew shares slumped on Thursday as it became the second health equipment company in a week to warn that Chinese sales were getting hit hard.Business - MarketWatch - October 31 -
Sabres Rising Star Is Hitting Brand New Level
This Sabres young defender is well on his way to having a breakout season.Sports - Yahoo Sports - October 30 -
Harris: Trump remark on protecting women whether they like it or not 'offensive'
Vice President Harris slammed former President Trump for saying at a rally on Wednesday that he would be women’s “protector,” a phrase he used two months ago and again this week at a rally in ...Politics - The Hill - October 31
