May 16, 2024
Finance

Nasdaq closes at record high, meme stocks surge again ahead of inflation data

President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House’s South Lawn. He

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Finance

Meme rally roars as stocks climb in inflation countdown

President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House Lawn. He criticized

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Crypto

What President Biden’s Crypto Politics Might Really Be About

The Administration’s anti-crypto policies risk alienating voters of both parties. But the bigger, albeit also potentially misguided, picture may be about preserving America’s global economic power.  Posted May 14, 2024 at 12:52 pm EST. David Z. Morris is a longtime technology and finance reporter, and the creator of Dark Markets, a newsletter about cryptocurrency, financial

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Loans

My Uber Driver Just Doesn’t Get Student Loan Forgiveness

“Sure,” I said. “And not just me! I mean, Representative Bobby Scott says it’ll ‘be lifechanging for millions of student loan borrowers.’ AFT president Randi Weingarten says the president is determined ‘to remove the shackles of student debt’ in order ‘to improve people’s lives.’” My driver didn’t seem to share my bliss. “They chose to

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Finance

The big flaw in Biden’s billionaire tax proposal, according to experts

President Biden wants to raise taxes on Elon Musk, Jeff Bezos, and their cohort of Americans, who are amassing extraordinary wealth that is not taxable under current law. Biden says his plan would make the system more fair — but experts say it lacks practicality. The president wants to impose a minimum 25% tax on

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