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Backdoor Roth, a tax strategy favored by the rich, survives in Democrats’ latest plan

Bill Koplitz | Moment | Getty ImagesA retirement tax strategy favored by the wealthy survived in Democrats' latest social and climate spending plan, after an earlier version had it on the chopping block.So-called backdoor Roth strategies are a way for the rich to skirt income and savings limits that

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Stocks making the biggest moves midday: Franklin Resources, Harley-Davidson, Roblox, AMC and more

A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, on Monday, April 19, 2021.George Frey | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Franklin Resources — Shares of the asset manager jumped 12% after the company reported better-than-expected

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Yellen tells Biden that Fed Chair Powell has done a ‘good job’ as renomination looms

Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position.Though she did not disclose any specific plans Biden has, Yellen said she gave solid marks to Chairman Jerome Powell."I

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Government issues norms to protect bankers when bonafide decisions go wrong

Seeking to protect honest bank employees, the government has come out with the 'staff accountability framework' under which officers concerned will not be hauled up in case bonafide decisions involving loans up to Rs 50 crore go wrong. The framework will cover only genuine decisions and not those involving

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A little-known cryptocurrency spiked 400% after Facebook changed its name to Meta

A smartphone with Facebook's logo is seen in front of displayed Facebook's new rebrand logo Meta in this illustration taken October 28, 2021.Dado Ruvic | ReutersMana, a little-known cryptocurrency used for buying and selling virtual land, saw its price spike over the weekend amid excitement over Facebook's rebrand.The price

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Grayscale-parent Digital Currency Group tops $10 billion valuation with SoftBank, Google investments

Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBCDigital Currency Group is selling shares to SoftBank and Google's venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The Manhattan-based, private company announced a secondary round on Monday, in which existing

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