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Read More »Proposals to tax unrealized capital gains would ‘kill the stock market,’ billionaire investor Mark Cuban says
BRENDAN SMIALOWSKI/Getty Images Mark Cuban said that taxing unrealized capital gains would “kill the stock market.” President Joe Biden proposed taxing unrealized gains for people worth over $100 million. Kamala Harris is unlikely to endorse Biden’s plan, Cuban said. Any proposal to tax unrealized capital gains would “kill the stock …
Read More »Intel Is Exploring Sale of Part of Stake in Mobileye
(Bloomberg) — Intel Corp. is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc. as part of a major strategy overhaul, people with knowledge of the matter said. Most Read from Bloomberg The chipmaker could offload some of its 88% holding in Mobileye on …
Read More »Broadcom Slides After Sluggish Non-AI Sales Hurt Forecast
(Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, fell in late trading after delivering a disappointing sales forecast, hurt by the portion of its business that isn’t tied to artificial intelligence. Most Read from Bloomberg Sales will be roughly $14 billion in the …
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Access to this page has been denied because we believe you are using automation tools to browse the website. This may happen as a result of the following: Javascript is disabled or blocked by an extension (ad blockers for example) Your browser does not support cookies Please make sure that …
Read More »Broadcom Stock Drops on a Weak Outlook
Broadcom Stock Drops on a Weak Outlook Source link
Read More »Why Nio Stock Jumped More Than 10% Today
Nio (NYSE: NIO) stock had one of its best days in recent weeks today, flying 12% higher as of 12:40 p.m. ET Thursday. After losing more than 50% value in the first half of 2024, Nio stock looked primed to rebound on its next earnings report in anticipation of higher …
Read More »Verizon’s $9.6 Billion Bid for Frontier Expands Broadband
(Bloomberg) — Verizon Communications Inc., the largest US phone company, agreed to buy rival telecommunications operator Frontier Communications Parent Inc. for about $9.59 billion to expand its high-speed internet business. Most Read from Bloomberg Frontier’s investors will get $38.50 a share, a 37% premium to the closing price on Tuesday, …
Read More »S&P 500 Hit as Anxiety Brews in Run-Up to Jobs: Markets Wrap
(Bloomberg) — Stocks wiped out earlier gains, with Wall Street’s anxiety running rampant in the countdown to the highly anticipated US jobs report. Most Read from Bloomberg The S&P 500 dropped for a third consecutive day — despite a rally in a handful of big techs. Treasuries barely budged, with …
Read More »Dow slumps, Nasdaq whipsaws amid more soft labor market data
US stocks wobbled on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest rate cut hopes and the health of the US economy. The S&P 500 (^GSPC) dipped as much as 0.6%, while the Dow Jones Industrial Average (^DJI) fell more than …
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