Biden’s ‘billionaire tax’ takes aim at the super-rich — but can a wealth tax work in reality?
Calls for a wealth tax on the world's super-rich are once again gaining attention after U.S. President Joe Biden said ...
Tag: Breaking News: Economy
HSBC is ‘very positive’ about the future of China’s economy, CFO says
The Hong Kong observation wheel and the HSBC building in Victoria Harbour in Hong Kong.Ucg | Universal Images Group | ...
Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but ...
Why Amtrak is attempting to revive the Texas Central bullet train
The U.S., despite decades of research and studies, remains without authentic high-speed rail options.Since 1987, investors have attempted to introduce ...
‘Last chance saloon’: UK finance minister expected to pledge pre-election tax cuts
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ...
SpaceX-backed startup says preorders for its $300,000 futuristic flying car have reached 2,850
BARCELONA, Spain — Alef Aeronautics, a SpaceX-backed flying car firm, says it has reached 2,850 preorders for its futuristic electrical ...
German central bank losses soar, wiping out risk provisions
Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, ...
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates ...
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, during an interview in New York on Nov. ...
Deflation: Here’s where prices fell in January 2024, in one chart
Customers shop at an RC Willey home furnishings store in Draper, Utah, Aug. 28, 2023.George Frey/Bloomberg via Getty ImagesInflation has ...
