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Biden is turning the American dream of retirement into a nightmare

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Biden is turning the American dream of retirement into a nightmare

President Biden is proposing a tax hike on savings, including a 45% tax on capital gains, which would negatively impact retirement savings for millions of Americans. Biden’s proposed tax increases on investment are driven by the government’s addiction to spending, with a proposed federal budget of .3 trillion and .9 trillion in future tax hikes. These taxes will result in lower spending and reduced savings for families, affecting their ability to save for retirement. Biden’s policies are seen as detrimental to individuals and the economy, as they will hinder investment and economic growth.

June kicks off with PMI data

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June kicks off with PMI data

– Markets remain subdued on the first trading day of June
– S&P Global will release revisions to May Manufacturing PMI data for Germany, Eurozone, UK, and US
– US Bureau of Economic Analysis reported inflation rose 2.7% on a yearly basis in April
– US Dollar struggled to preserve its strength following PCE inflation data
– EURUSD edged higher and closed the week virtually unchanged
– GBPUSD failed to make a decisive move in the previous week
– Bank of Japan has no plans to immediately unload its ETF holdings
– China’s Caixin Manufacturing PMI edged higher to 51.7 in May
– AUDUSD pair showed no reaction to China’s PMI data
– Gold continues to move sideways above ,320

The fine print of Russia’s proposed tax hikes on personal income and corporate profits — Meduza

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The fine print of Russia’s proposed tax hikes on personal income and corporate profits — Meduza

Fact: Russia’s Finance Ministry has submitted legislation to reintroduce progressive taxes on personal income, with the progressive scale starting with annual incomes exceeding 2.4 million rubles (,100).

How to invest in precious metals ?

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How to invest in precious metals ?

Investing in precious metals like gold, silver, and platinum can be a smart way to protect your money.

Trading app Robinhood unveils maiden stock buyback plan of $1 bln

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Trading app Robinhood unveils maiden stock buyback plan of $1 bln

Robinhood Markets has launched a billion share buyback plan to grow beyond its startup phase.

Manitowoc letters to the editor address the county budget deficit and corporate tax dodging

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Manitowoc letters to the editor address the county budget deficit and corporate tax dodging

The text discusses letters to the editor of the Herald Times Reporter, with one letter supporting a 0.5% sales tax increase in Manitowoc County to address budget issues.

AI darling Nvidia, ’s market value surges closer to Apple

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AI darling Nvidia, ’s market value surges closer to Apple

Nvidia’s shares surged around 6% to hit a record high, leaving the AI chipmaker’s market capitalization at .8 trillion, about 0 billion away from overtaking Apple in value.

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

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Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

Saudi Arabia’s government filed papers to sell a new stake in state oil giant Aramco that could raise as much as .1 billion.

Cyprus Stock Exchange accepts listing of , €16 million in treasury bills

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Cyprus Stock Exchange accepts listing of , €16 million in treasury bills

The Cyprus Stock Exchange has accepted the listing of 16,000 13-week Treasury Bills, 3rd issue, Series 2024 with a total value of €16,000,000. The bills were issued following an auction held on May 27, 2024 and will be listed on the Bond Market with the trading code TB13C24 and ISIN code CY0240920815. The Treasury Bills do not bear any interest and trading will commence on May 31, 2024.