EUR/USD pares recent gains, poised for further downside – FXStreet
EUR/USD dipped below 1.1150 as bidders struggled to maintain balance. The breakdown in bullish market sentiment has given the US dollar some breathing room. Investors will be focused on EU and US inflation figures due to be released this weekend. EUR/USD pared recent gains and retreated to a new record high this year on Wednesday […]
Harris’s Unrealized Capital Gains Tax Proposal Is Unworkable, ‘Constitutionally Suspect,’ ‘Economically Destructive’
Democratic presidential candidate Vice President Kamala Harris' proposal to tax unrealized capital gains could be unconstitutional, unworkable and “economically destructive,” tax experts say. Breitbart News reported that Harris' tax proposal would increase taxes by $5 trillion over 10 years. BREAKING: Kamala Harris' economic adviser claims she plans to tax unrealized gains. “It won't happen in […]
CNBC hosts clash with Harris campaign economic adviser over unrealized gains tax proposal: ‘Unconstitutional’
The hosts of CNBC's “Squawk Box” spoke with Bharat Ramamurti, an informal economic adviser to the Biden-Harris campaign. Taxing unrealized capital gains; The hosts argued that this was likely “unfair” and “unconstitutional.” Hosts Rebecca Quick and Joe Curnen questioned Rama about the proposal, with Quick saying he thought it was unreasonable because it would “advance […]
Your Capital Gains Policy Likely Unconstitutional, ‘Never Going to Happen’
CNBC host Joe Curnen said that Harris-Waltz's unrealized capital gains tax policy is “probably unconstitutional” while interviewing economic adviser Bharat Rama on CNBC's “Squawk Box” on Wednesday. A partial transcript follows: CO-HOST REBECCA QUICK: Taxing unrealized gains doesn't seem fair in any sense, but in the best sense, taxing unrealized gains brings forward the tax […]
Harris gains against Trump on two main issues, latest poll claims
A new poll shows former President Donald Trump's approval rating for Vice President Kamala Harris has fallen on crime and economic policy. of Latest Reuters/Ipsos PollAccording to the poll released Tuesday, Trump currently holds a slim 3% lead over Harris on jobs and the economy, 43% to 40% for Harris. The same poll in late […]
USD/INR gains momentum as month-end US Dollar demand drags Indian Rupee lower – FXStreet
The Indian rupee came under selling pressure in early European markets on Wednesday. Weakness in Asian currencies and weakening demand for US Dollar at the end of the month will weigh on the INR. Investors are waiting to hear from Fed Governors Waller and Bostic on Wednesday for fresh impetus. The Indian Rupee (INR) extended […]
Gold price gains ground near the all-time high amid geopolitical risks, Fed rate cut bets – FXStreet
Gold prices continued to rise in Asian markets on Wednesday. The worsening situation in the Middle East and a dovish stance from the Federal Reserve are supporting gold prices. Traders are awaiting speeches from Waller and Bostic on Wednesday. Gold prices (XAU/USD) rose above $2,500 per troy ounce on Wednesday, buoyed by rising geopolitical tensions […]
CAIN’s New Children’s Book Emphasizes Eternal Blessings over Material Gains
The award-winning CCM band, known for their matching outfits and signature harmonies, has lent their talents to a children's book that aims to teach kids timeless truths. I am very happya lyrical picture book based on their hit song, reminds kids that God loves them even in the midst of trials. The book, which rose […]
Economists slam Biden-Harris proposal to tax unrealized capital gains
The Biden administration’s proposal to tax unrealized investment gains, which the Harris campaign has voiced support for, is “insane” and “absurd,” the economist told Fox News Digital. The Biden-Harris administration’s Treasury Department released its revenue proposal for fiscal year 2025 in March. The list of tax proposals includes a plan to include unrealized investment gains […]
Ukraine war briefing: Fierce fighting on Pokrovsk front as Russia claims gains | Ukraine
The Russian army is 53 Attack on the Pokrovsk Front in Donetsk Region Moscow on Thursday pressed Kiev’s forces to seize the town, which is the main operating base of the invading Ukrainian forces in Ukraine. Elsewhere in eastern Ukraine, Russian forces attacked Ukrainian military positions near the settlement of Niu Yoku, which Russia had […]