Trump ‘big beautiful bill' gives top 1% biggest tax cuts in these states The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000, according to the Institute on Taxation and Economic Policy.
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Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF Long-time market bull Tom Lee explains which groups may make the cut next.
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Why Trump tax deductions — for tips, car loans and more — may not carry... Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn't benefit low earners much.
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2 of our banks just boosted their dividends. Here's how their increases stack up versus... Goldman Sachs and Wells Fargo announced dividend increases late Tuesday.
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Santander doubles down on UK presence amid Spain's banking M&A turmoil Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its own U.K. branch.
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Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try... Chinese electric car startup Xpeng is keeping up sales momentum against its rivals amid a fierce price war in China.
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Powell confirms that the Fed would have cut by now were it not for tariffs The U.S. central bank would likely have begun cutting interest rates again if not for the plan to enact higher levies on imports, the Fed chief said.
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Billionaire Ken Griffin's hedge funds at Citadel are all in the green for 2025 Citadel's multistrategy Wellington fund, its largest, gained 2.5% during the first half of the year.
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Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market The Apex strategy from Cliff Asness' firm combines stocks, macro and arbitrage trades.
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3 forces driving a record week for stocks as 7 portfolio names hit new highs The S&P 500 and Nasdaq Composite jumped to all-time highs Friday, a remarkable comeback from the dark days of April.
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Trump's war against the Powell Fed has taken another political turn While Trump's name-calling of Powell isn't particularly new, the words now could signal action.
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Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong... Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.
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Bank investors bet on looser regulation under Trump. They are starting to see it The Federal Reserve proposed changes this week that would lower capital requirements for large U.S banks.
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Divided Fed OKs rule to ease capital requirements for big Wall Street banks The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.
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How the stock market made it back to a new record — even with so... The wall of worry has been crumbling with trade deals in motion and the economy remaining in solid shape.
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How the Republican megabill targets immigrant finances Provisions in Republicans' tax and spending bill would make the financial lives of immigrants harder, even those here legally, experts said.
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Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed' His possible win in the general election could bring what the Street hates most — tax hikes and tighter regulation threatening corporate and investment interests.
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China's fintech giant Ant doubles down on health care with new AI app — and... Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas.
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China urges Beijing-backed development bank to focus more on Belt and Road Initiative Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing's Belt and Road Initiative.
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Watch Fed Chair Jerome Powell testify live before Senate banking panel In his remarks Tuesday, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy.
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Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.
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China's Li urges not to turn trade into a political or security issue Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."
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China doubles down on promoting yuan as confidence in U.S. dollar takes a beating From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
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Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
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Watch Fed Chair Powell testify live on interest rate policy before House committee In prepared remarks, Powell said concerns linger over the impact President Donald Trump's tariffs will have on inflation.
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Fed Chair Powell speaks on Capitol Hill this week with politics front and center White House officials have raised the heat on Powell to lower rates. Now he's faced with two key Fed officials who have said they could favor a cut in July.
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Getting Trump's full tax break on car loans may mean buying a $130,000 vehicle Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.
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The Iran-Israel conflict isn't denting Chinese business optimism in the Middle East "Overall, Chinese merchants are relatively optimistic," says Bear Huo, China general manager at FundPark, a fintech startup.
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Why electricity prices are surging for U.S. households Electricity prices are outstripping the pace of inflation by a wide margin — a trend likely to continue in coming years, experts said.
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