Unrealized Capital Gains Tax on Homes Could Decimate the New Jersey Housing Market
TRENTON, NJ (OP-ED) – A recent debate on CNBC over the proposed unrealized capital gains tax took on an even sharper edge when considering its potential impact on states like New Jersey,…
Nationwide Campaign To End Legacy Admissions At Universities Gains Steam
Nationwide Campaign To End Legacy Admissions At Universities Gains Steam Brandon Poulter on January 28, 2024 Following the Supreme Court’s 2023 ruling against race-based college admissions, a bipartisan movement against legacy admissions…
Yellen: strong US GDP growth signals productivity gains, not inflation
By David Lawder CHICAGO (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that surprisingly strong economic growth in the fourth quarter was a “good thing” that signals productivity gains and…
Fisker expects to deliver unsold 2023 vehicles in first quarter, gains dealer traction
(Reuters) – Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner…
Voice AI startup ElevenLabs gains unicorn status after latest fundraising -source
By Krystal Hu (Reuters) – Artificial intelligence (AI) startup ElevenLabs has gained unicorn status after its latest round of fundraising, a person familiar with the matter said, as surging investor interest for…
Top global hedge funds tripled gains for clients in 2023, LCH finds
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – The world’s 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist…
China’s embrace of GMO crops gains momentum with new import, planting approvals
By Mei Mei Chu BEIJING (Reuters) -China on Thursday approved additional varieties of genetically modified soybeans and corn for import and production while expanding their planting areas nationwide, as part of a…
Malaysia exempts imposition of capital gains tax, taxes on foreign-sourced income on unit trusts
KUALA LUMPUR (Reuters) – Malaysia has exempted the imposition of capital gains tax and taxes on foreign-sourced income on unit trusts, its second finance minister said on Tuesday. The exemption on foreign-sourced…
UK housing market gains momentum at start of 2024: Rightmove
By Suban Abdulla LONDON (Reuters) – Average asking prices for British homes made the strongest start to the year since 2020, according to a Rightmove survey on Monday that added to signs…
As inflation slows, the job market gains Fed mindshare
By Howard Schneider WASHINGTON (Reuters) – The slide in inflation that gathered pace at the end of 2023 has begun shifting attention at the U.S. Federal Reserve to the health of the…
Brazil’s central bank sees gains in signaling rate cuts for two future meetings, says director
BRASILIA (Reuters) – Brazil’s central bank has evolved in communication, shifting from indicating a high bar for accelerating its easing pace to now flagging 50 basis-point rate cuts in the next two…
US consumers see smaller inflation gains ahead, New York Fed says
By Michael S. Derby (Reuters) – U.S. consumers’ projection of inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal Reserve said…
Euro zone investor morale gains in January -survey
FRANKFURT (Reuters) – Investor morale in the euro zone improved for the third consecutive month in January to its highest level since May, but a turnaround for the 20-country currency bloc is…
Emerging-market currencies to hold most recent gains vs. dollar- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Most emerging-market currencies are set to regain their recent strength later this year after some near-term paralysis as expectations of interest-rate cuts by the U.S. Federal…
Ackman’s hedge fund Pershing Square gains 26.7% in 2023 – investor update
NEW YORK (Reuters) -Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management returned 26.7% last year, beating the broader stock market gains and bouncing back from a loss in the previous…
Mega-cap companies saw strong gains in 2023 amid tech optimism
(Reuters) – Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for further economic stimulus…
Strong gains for cocoa, iron ore in 2023 as energy prices dip
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy…
US securities regulator appeals ruling on ill-gotten gains
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission asked a federal appeals court on Friday to reconsider a ruling that it said prevents the agency from clawing back ill-gotten…
Analysis-A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots
By David Randall, Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – Investors wondering whether markets can continue their torrid rally are eyeing one important factor that could boost assets: a…
Japan manufacturers’ mood jumps, second straight month of gains – Reuters Tankan
By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment at big Japanese manufacturers surged, improving for a second straight month as the auto sector continued to recover from last year’s semiconductor shortage and supply…
Far-right parties eye gains in next year’s EU parliament elections
By Alvise Armellini ROME (Reuters) -European far-right parties met in Italy on Sunday vowing to reshape the European Union after next year’s European Parliament elections, toughening the bloc’s approach on immigration and…
Spain’s Mango chain registers double-digit gains in sales during holiday shopping spree
MADRID (Reuters) – Clothing retailer Mango saw double-digit growth in sales during the recent Black Friday and Cyber Monday shopping events, when the Spanish family-owned company marketed discounts of up to 50%…
Wanda Properties says extension on $600 million bond repayment gains early consent from holders
BEIJING (Reuters) – Chinese real estate firm Wanda Properties International, a unit of conglomerate Dalian Wanda Group, said on Thursday it had received early consent approval from bondholders to extend the repayment…
Most US retail ETFs extend gains on record holiday shopping sales
By Suzanne McGee and Bansari Mayur Kamdar (Reuters) – Exchange-traded funds (ETFs) tracking U.S. retailers outpaced the broader stock market on Monday, with most posting gains amidst record holiday sales. Shoppers and…
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
By David Randall NEW YORK (Reuters) – An upcoming “economic soft patch” will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap stocks, strategists…
BMO sees solid US stock gains ahead, S&P 500 ending 2024 at 5,100
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are in a bull market and will post “solid” gains in 2024, even as returns are lower than this year, BMO Capital Markets…
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