Saturday, October 1, 2022
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Wall Street milestone: ETF popularity hits record number

[ad_1] ETFs are seeing a record surge in popularity.The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar.And this year investors are taking more active strategies, such as single-stock ETFs that

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How Detroit moved on from its legendary bankruptcy

[ad_1] A new wave of development is rippling through downtown Detroit."Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022," said Ramy Habib, a local entrepreneur. "It is absolutely magnificent what happened throughout those 15 years."Between 2010 and 2019, just 708 new housing structures

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CEO of $4.8 billion fintech Wise faces investigation over tax breach

[ad_1] Kristo Kaarmann, CEO and co-founder of Wise.Eoin Noonan | Sportsfile | Getty ImagesThe CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authorities found he failed to pay a tax bill worth over £720,000.Kristo Kaarmann, who co-founded Wise in 2011, was

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‘Tax us now’: Millionaires call on the global elite to tax them more

[ad_1] Protesters take part in a demonstration against the World Economic Forum (WEF) during the WEF annual meeting in Davos on May 22, 2022.Fabrice Coffrini | Afp | Getty ImagesA group of over 150 millionaires are calling on the elite attendees of this year's World Economic Forum in Davos, to

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RBI needs to work with states to decrease price impact on common man: Sanjiv Bajaj, chairman & MD, Bajaj Finserv

[ad_1] (This story originally appeared in on May 18, 2022)Sanjiv Bajaj, chairman and managing director of , has taken over as the president of industry lobby group, the Confederation of Indian Industry (CII). In an interview to TOI, Bajaj talks about the investment cycle against the backdrop of the

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IRS had a backlog of nearly 8 million paper business tax returns in 2020 due to pandemic

[ad_1] Zach Gibson | Getty Images News | Getty ImagesThe Covid pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Department of the Treasury watchdog.That represents a 3,230% increase relative to the end

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IRS chief tells Elizabeth Warren: More transparent bank data can fight tax evasion

[ad_1] A man walks past the U.S. Capitol building in Washington, June 25, 2020.Al Drago | ReutersThe head of the IRS believes more rigorous disclosures from the nation's banks could help fix a yawning tax gap and recoup billions in owed revenues.In a letter viewed by CNBC, IRS Commissioner Charles

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Democrats’ budget prohibits higher taxes for those making less than $400,000. Here’s who might pay more

[ad_1] Senate Majority Leader Chuck Schumer, D-N.Y., and President Joe Biden arrive at the U.S. Capitol for a Senate Democratic luncheon on July 14, 2021.Drew Angerer | Getty Images News | Getty ImagesSenate Democrats aim to fund a $3.5 trillion budget measure partly on the backs of higher taxes for

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ClearTax rebrands itself as ‘Clear’, to hire 100 people to fuel expansion

[ad_1] firm ClearTax on Monday said it plans to hire 100 people across various roles, including engineering and marketing to support its strong pace of growth as it looks at taking the IPO route in three years. The company, which offers software to help in tax filing and other services,

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10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

[ad_1] The 10-year Treasury Note yield may be on the verge of breaking out of its slump.After stabilizing over the past several weeks, Wells Fargo Securities' Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks.He lists the Federal Reserve's high level of comfortableness surrounding rising

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