Major U.S. Technologi shares are sensitive to the rise in corporate-tax, which could lead to a Democratic sweep in November, potentially reducing one of the strongest drivers of market recovery this year. Bofa Global Research estimates that the tax proposals will reduce the expected revenue of companies in the S&P …
Read More »Wall Street is optimistic about Dell’s spin-off of its VMware stake
Text size Denis Doyle / Bloomberg Analysts at JP Morgan and Morgan Stanley are optimistic about the announcement by Dell Technologies that it is considering a spin-off of its valuable 81% stake in VMware., It is now worth more than all of Dell’s market value. Dell shares (ticker DELL) rose …
Read More »Biden tells donors he will end most of Trump’s tax cuts
Democratic presidential candidate and former Vice President Joe Biden speaks during a Biden campaign event at a recreation center in Lancaster, Pennsylvania, USA, on June 25, 2020. Mark Makela | Reuters Presumptive Democratic candidate Joe Biden told potential campaign donors that his administration would end most of President Donald Trump’s …
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