Wednesday, October 27, 2021

House Democrats’ capital gains tax proposal is better for the super rich than Biden plan

NICHOLAS KAMM | AFP | Getty ImagesThe uber rich may be cheering House Democrats' proposed tax reforms on investment income relative to the Biden administration's earlier plan.The White House called for a 39.6% top federal tax rate on long-term capital gains and dividends — nearly double the current 20%.Long-term

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Stocks making the biggest moves midday: Wynn, SoFi, Diamondback Energy and more

A worker cleans an escalator on Las Vegas Boulevard in Las Vegas, Nevada, U.S., on Tuesday, March 17, 2020.Joe Buglewicz | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Casino stocks — Casino stocks were under pressure for a second day Wednesday amid heightened scrutiny from the government

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Akram, Laxman, Klusener join world’s first crypto cricket platform

Cricket Foundation, the Singapore-headquartered blockchain-based platform has roped in around 120 partners from the cricketing eco-system that includes former greats like Wasim Akram, VVS Laxman and Lance Klusener as they launched first NFT of its kind named "CricketCrazy.io". The crypto-currency, which is fast gaining popularity in western market is

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Home loans fintech platform Easiloan raises Rs 8 crore from Tomorrow Capital

Easiloan, an AI-enabled platform for home loans, has raised Rs 8 crore from Tomorrow Capital. The start-up aims to utilize these funds for building further on their digital-only product, customer acquisition channels and activating new markets. “While Fintech in India has disrupted every other loan product, home loan continues

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Savings app Acorns hires former Amazon executive as president, says crypto investing is coming

Acorns president David HijiridaCourtesy: Mo Osborne | AcornsInvesting and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up's debut as a public company, CNBC has learned.The company is set to announce Wednesday that it named David Hijirida as

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Goldman Sachs is acquiring buy now, pay later fintech GreenSky for $2.2 billion

David Zalik, founder and CEO of GreenSky.Chris Hamilton | GreenSkyGoldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance.The all-stock deal for GreenSky, called the biggest fintech platform for home improvement loans in a release announcing the transaction, is expected

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Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’

Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019.Thomas Peter | ReutersRay Dalio, founder of the world's largest hedge fund Bridgewater Associates, believes regulators would take control of bitcoin if the cryptocurrency gains mainstream success."I think at the end of the day

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Stocks making the biggest moves premarket: Weber, Microsoft, Canadian National Railway and more

Check out the companies making headlines before the bell:Weber (WEBR) – The grill maker's stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber's sales rose 19% from a year earlier, and the company projected full-year sales largely above current Wall Street

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