Vice President Kamala Harris has outlined her economic agenda, which includes higher taxes on wealthy Americans and corporations. The plan endorses the tax increases proposed by President Joe Biden for the fiscal year 2025 budget. This includes a 25% minimum tax on total income, which would also cover “unrealized gains” exceeding $100 million. However, experts
Visa recently announced its plans to launch a dedicated service for bank transfers, bypassing traditional methods such as credit cards and direct debits. This move marks a significant shift in the way payments are processed and managed, especially in the European market. The new service, known as account-to-account (A2A) payments, is set to launch in
There is growing concern in the London property market as landlords are increasingly selling their buy-to-let properties, particularly in the capital city. According to recent data from property portal Rightmove, almost one-third of homes currently for sale in London were previously rented out. This trend is reflective of a wider increase in rental property sales
Recent data from the Mortgage Bankers Association shows that the demand for mortgages is heavily tilted towards refinancing. Interest rates have been on a decline for the fifth consecutive week, leading to an increase in total mortgage application volume by just 1.6% compared to the previous week. The average contract interest rate for 30-year fixed-rate
The Tiger 21 network, comprised of ultra-high-net-worth investors and entrepreneurs, recently released a second-quarter asset allocation report that sheds light on its members’ investment preferences. Surprisingly, more than half of the network’s members, totaling over 1,450 individuals with a combined personal wealth of $165 billion, do not have any investments in chip giant Nvidia. The
Sports team owners are currently experiencing the dual pressures of escalating team values and the inevitable realities of death and taxes. As the average age of team owners increases and team values reach unprecedented levels, owners and leagues are now focusing more on ensuring a smooth transition of ownership to the next generation of buyers.
Marketplace health insurance has become a crucial lifeline for many younger retirees in the United States, offering lower monthly premiums through the end of 2025. With the boosted tax breaks provided by the government, individuals aged 55 to 64 have been able to take advantage of this affordable health coverage option. However, despite the apparent
Steph Curry, four-time NBA champion and 10-time NBA All-Star, is already looking ahead to his life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his current businesses and his aspirations for the future. Among his ventures, Curry owns a media company called Unanimous Media, as well as a youth
As the football season kicks back into action, it’s expected to bring in record-breaking betting returns. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion during this NFL season. This anticipated figure marks a significant increase of over 30% compared to the $26.7 billion wagered during last year’s
British financial technology firm Zilch recently made headlines by reporting its first-ever month of profit, a significant milestone for the company as it sets its sights on an eventual initial public offering. In a recent trading update, Zilch revealed that it achieved operating profitability in July 2024, just four years after its founding. This achievement