Rep. Craig Goldman Proposes ‘Don’t Tax the American Dream Act’ to Eliminate Capital Gains Restrictions on Primary Home Sales
Congressman Proposes Bill to Eliminate Capital Gains Tax on Home Sales Congressman Craig Goldman (R-Texas) has introduced the “Don’t Tax the American Dream Act,” aimed at removing the federal capital gains tax on the sale of a primary residence for homeowners who have lived in their property for at least two years. The proposed legislation […]
Home sales remain at a 30-year low in 2025 due to rising mortgage rates and high prices affecting the market.
U.S. Housing Market’s Continued Struggles The decline in the U.S. housing market has now stretched into its fourth year as of 2025, with home sales lingering at a 30-year low. Higher home prices, coupled with increased mortgage interest rates, have dissuaded many potential buyers from entering the market. According to the National Association of Realtors, […]
Stock Indexes Decline Following Bank Earnings, Inflation, and Retail Sales Reports; Gold and Silver Reach New Record Highs
Market Update: Stocks Drop, Gold and Silver Surge Major stock indexes took a hit on Wednesday, while gold and silver prices climbed to record levels as investors processed recent bank earnings and the latest information on wholesale inflation and retail sales. The tech-heavy Nasdaq, along with the S&P 500 and the Dow Jones Industrial Average, […]
Retail Sales Increase Due to Robust Car Sales and Holiday Shopping
U.S. Retail Sales Surge in November Retail sales in the U.S. soared beyond expectations in November, highlighting the resilience of the household sector and the ongoing support of consumer spending for robust economic growth. In November, retail spending climbed by 0.6%, surpassing even the most enthusiastic predictions. Analysts from Econoday had forecasted a mere 0.2% […]
EUR/USD holds steady after losses as attention turns to US PPI and Retail Sales data
EUR/USD Stays Stable, Eyes Upcoming Data The EUR/USD pair is hovering close to the 1.1650 mark, showing little change in its daily performance. Recent data on the U.S. core consumer price index (CPI) released on Tuesday was below expectations. Nonetheless, it hasn’t deterred the strength of the U.S. dollar (USD). Traders are now looking ahead […]
US Dollar Index holds steady above 99.00 before Retail Sales and PPI data
The US dollar index (DXY), which gauges the US dollar’s value against six key currencies, is experiencing a gradual decline after a slight uptick in the previous session. Currently, DXY is around 99.10 as of Wednesday in Asia. Traders are on edge, awaiting the U.S. retail sales and producer price index (PPI) data set to […]
Pound Sterling falls below 1.3450 ahead of US Retail Sales and PPI reports
The GBP/USD pair is hovering around 1.3425 in negative territory during the Asian trading session on Wednesday, primarily due to renewed demand for the US dollar. Traders are preparing for upcoming U.S. retail sales and producer price index data later in the day. According to the Bureau of Labor Statistics (BLS), the U.S. Consumer Price […]
Trump urges Canada to lift US alcohol restrictions as sales slump: report
President Trump is reportedly urging Canada to lift its boycott on American alcohol, especially as recent data indicates that U.S. distilleries are experiencing diminished sales in Canada. Provinces like Ontario, Quebec, and British Columbia have stopped selling U.S. wines and spirits in government-run liquor stores since Trump initiated a trade war last year. This decision […]
NYC bagel empire with $50 million in sales hit by business partner betrayal: Lawsuit
Bagel Business Torn Apart by Family Feud Trust, loyalty, and a lot of bagels—sounds simple, right? But it seems betrayal has unravelled the success of a $50 million-a-year venture. This Queens-based company, famed for selling 100 million bagels annually, is currently engulfed in conflict over its future. The rift exists between the offspring of founders […]
BYD Leads Tesla in Electric Vehicle Sales in the UK and Germany
In the past year, BYD, a Chinese electric vehicle powerhouse, has overtaken Tesla in vehicle registrations in Europe’s two largest markets for electric cars—the UK and Germany. This marks a significant change in the competitive landscape, with BYD currently outpacing Tesla’s sales in these regions. According to a report, BYD’s recent successes against Tesla highlight […]