Lawmakers have been increasingly interested in taxing the ultra-rich, but a recent Supreme Court ruling could pose a threat to future wealth tax proposals. In the case of Moore v. United States, a challenge to the “mandatory repatriation tax,” which is a one-time levy on certain foreign investments enacted in 2017, was blocked by the
Athletes competing at the U.S. Track & Field Olympic Trials this year are making waves not only for their impressive performances but also for their unique approach to sponsorship. The Unsponsored Project, spearheaded by apparel company Bandit Running, has taken a stand against the traditional sponsorship model by providing unsponsored athletes with logo-less, all-black gear.
Many Americans find themselves grappling with the financial aftermath of summer travel long after the season has ended. It was found that a significant 36% of individuals are willing to accumulate debt in order to fund their summer adventures, according to a survey conducted by Bankrate. The methods of payment for summer travel expenses varied
JPMorgan Chase, the largest bank in the United States by assets, has made a bold move by increasing its quarterly dividend by 8.7% to $1.25 per share. Additionally, the bank has authorized a new $30 billion share repurchase program. Despite concerns raised during the stress test administered by the Federal Reserve, JPMorgan is confident in
The federal marketplace provides health insurance plans that are more affordable for participants through the premium tax credit. However, there is concern that premiums could see a significant increase after 2025 if Congress does not take action. The temporary enhancement of the credit through the American Rescue Plan Act, which covered plans in 2021 and
Boeing and NASA recently announced that the first Starliner crewed flight, carrying astronauts Butch Wilmore and Suni Williams, will be staying at the International Space Station for an extended period. Initially planned for a nine-day mission, the Starliner flight has now exceeded 24 days due to the decision to conduct additional testing on the ground.
John Donahoe, the CEO of Nike, is currently facing a significant crisis as Wall Street starts losing confidence in his leadership. After a disappointing fiscal year, Nike warned that their sales for the current quarter are expected to decline by 10%, a far worse result than the 3.2% drop that was projected by LSEG. As
Warren Buffett, the legendary investor who is approaching his 94th birthday, recently made his largest annual donation to date. The donation totaled $5.3 billion in Berkshire Hathaway shares, which he distributed among five different charities. Significance of the Donation This generous act of philanthropy involved converting 8,674 of his Berkshire Class A shares into more
Apple’s highly anticipated mixed-reality headset has finally been released in China, but with a retail price that is approximately 18% higher than in the United States. Priced at 29,999 yuan ($4,128) in China, compared to the $3,500 price tag in the U.S., the device has sparked a debate among Chinese consumers about its affordability and
Western wear has been experiencing a resurgence in recent months, with consumers embracing top-to-bottom denim looks. This trend has not only been popularized by iconic brands like Levi Strauss but also by influential figures in the music and fashion industry. The embrace of Western style has extended beyond just jeans, with denim shirts, skirts, dresses,