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Dow drops 300 points on fears of higher capital gains taxes

Dow drops 300 points on fears of higher capital gains taxes

MarketsDow closes more than 300 points lower following reports of Biden eyeing capital gains tax hikePublished Wed, Apr 21 20216:03 PM EDTUpdated 48 Min AgoYun Li@YunLi626Pippa Stevens@PippaStevens13ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailVIDEO0:5000:50Wall Street set for a flat open after Wednesday’s gainsMorning ReportU.S stocks reversed lower in a swift…

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New COVID-19 cases in France increase more slowly

A medical staff member works in the Intensive Care Unit (ICU) where patients suffering from the coronavirus disease (COVID-19) are treated at ELSAN’s private hospital Clinique Oceane in Vannes, France, April 7, 2021. REUTERS/Stephane MaheFrance on Wednesday reported 34,968 new coronavirus cases, up 4.36% compared to last Wednesday, in the lowest week-on-week increase since mid-March…

UPDATE 2-Norway’s wealth fund earned $46 billion in Q1 as stocks rose

UPDATE 2-Norway’s wealth fund earned $46 billion in Q1 as stocks rose

FILE PHOTO: A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File PhotoOSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, posted a first-quarter profit thanks to strong stock markets, it said on Wednesday.The fund had a 4.0% return…

Procter & Gamble earnings beat as pandemic home care trends linger, and beauty sales pick up

Household ProductsProcter & Gamble earnings beat as consumers hang on to pandemic cleaning habits; price hikes aheadPublished Tue, Apr 20 20216:30 AM EDTUpdated Moments AgoAmelia LucasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsProcter & Gamble topped Wall Street's estimates for its fiscal third-quarter earnings and revenue.Consumers are still buying…