U.S. President Donald Trump signed executive orders to increase coronavirus economic relief during a news conference in Bedminster, New Jersey, on August 8, 2020. Jim Vatson / Agency France-Press / Getty Images President Trump said Tuesday night that he was ready to pass several independent coronavirus relief measures, including a …
Read More »U.S. The global outlook is sharpening as consumer imports reach pre-epidemic levels
WASHINGTON – The U.S. recorded its largest monthly trade deficit since August 2006 as consumer goods imports returned to pre-epidemic levels, adding evidence of a reversal in global trade. U.S. The trade deficit widened by 5.9% to 1 1.1 billion since July, the widest gap since August 2006, the Commerce …
Read More »Stimulus hopes European stocks, Dow futures will rise
U.S. President Trump waved from behind a car in a car outside Walter Reed Medical Center in Bethesda, Maryland, on May 4, 2020. Alex Edelman / Agence France-Presse / Getty Images U.S. European stocks rallied on Monday in anticipation of the last economic stimulus in the economy ahead of the …
Read More »Stock market leaders appear to be the most sensitive to Biden’s tax plan
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 »Why would Biden start raising taxes at 400,000 a year
The Democratic presidential candidate promises that families with an income less than the adjusted total income will not pay more nickel in direct taxes. High-income families will pay more in some cases, more. The dividing line is no accident: it was deliberately determined beyond any definition of the middle class. …
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