Biden’s Plan for Tax Hikes

On April 22, The New York Times and Bloomberg News reported on the alleged tax hikes proposed by President Joe Biden. Reports claims doubling of the highest long-term capital gains taxes on individuals making more than $1,000,000 from 20% to 39.6%. They also reported the proposal of raising the marginal income tax rate from 37%Continue reading “Biden’s Plan for Tax Hikes”

Biden’s $2 Trillion Infrastructure Plan

President Biden announced his infrastructure plan the “American Jobs Plan” on March 31 and detailed his plan to secure American’s future and to win the race against China. The “American Jobs Plan” like the “American Rescue Plan” will have a price tag of $2 trillion dollars with billions being spent on various structures all overContinue reading “Biden’s $2 Trillion Infrastructure Plan”

Suez Canal Blockade Halts Global Trade

On March 23, 2021, a vessel owned by Evergreen Marine Corporation got stuck in the middle of Suez Canal, halting ships from being able to pass through the canal. The vessel named “Ever Given” is a 220,000-ton, 400-metre-long ultra-large container ship (ULCS) operated by Taiwan based container transportation and shipping company Evergreen Marine Corporation. AccordingContinue reading “Suez Canal Blockade Halts Global Trade”

Senate Passes $1.9 Trillion COVID Relief Package

On March 6, 2021, the U.S. Senate passed the $1.9 trillion coronavirus relief package after the Democrats kept the roll call vote open for 11 hours and 50 minutes. The final quorum ended with 50 yeas from all 50 Democratic senators and 49 nays composed of solely Republican senators. The final quorum ended with 50-49Continue reading “Senate Passes $1.9 Trillion COVID Relief Package”

Retail Investors Crush Hedge Funds

With a reported 1,700% increase in the GameStop stock(GME) since the start of the year as a result of the Reddit community r/wallstreetbets’s GameStop rally, hedge funds who have been shorting the stock have lost approximately $19 billion according to financial data service Ortex. GameStop is an American video game retailer founded in 1984 whichContinue reading “Retail Investors Crush Hedge Funds”

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