Topline President Biden will propose hiking the capital gains tax rate from 20% to 39.6%, Bloomberg first reported Thursday, meaning that the top federal tax rate for some high-earning individuals could rise to 43.4% thanks to an additional 3.8% tax on net investment income that was passed as part of Obamacare. Key Facts The new…
United Arab Emirates-listed Dana Gas (DANA.AD) said on Sunday it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met.The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early this…
Saudi Minister of Finance Mohammed al-Jadaan gestures as he speaks during a news conference to announce the country’s 2021 budget, in Riyadh, Saudi Arabia December 15, 2020. REUTERS/Ahmed YosriSaudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance…
Big data firm Splunk is emerging from bumps in its cloud transition, CEO Doug Merritt tells Insider. After first building on Amazon’s cloud, it now works with Google and, soon, with Microsoft. Its growth strategy hinges on plans to go after more government deals and win over legacy companies. See more stories on Insider’s business…
Shallon Lester is a YouTuber who moved from New York to Paradise Valley, Montana, in June. She loves her bigger, cheaper home, the friends she’s made, and the activities the city offers. This is her story, as told to Perri Ormont Blumberg. (Editor’s note: Lester is a friend of the author.) See more stories on…
Topline Rep. Mondaire Jones (D-N.Y.) condemned Republican arguments against statehood for Washington, D.C., as “racist trash” in a speech on the House floor Thursday, leading to vocal objections and a heated argument that resulted in Mondaire withdrawing his statement in the latest sign of the bitter tensions underpinning the statehood debate. Key Facts In a…
MarketsDow closes 300 points higher to snap a 2-day drop, small caps jump more than 2%VIDEO6:1606:16Strategas’ Chris Verrone lays out his hide-out tradesFast MoneyU.S. stocks rose on Wednesday to recover from two straight days of losses as investors piled into shares most sensitive to the economic recovery.The Dow Jones Industrial Average gained 316.01 points, or…
Topline Sen. Ted Cruz (R-Tex.) on Tuesday criticized President Joe Biden’s comments ahead of the Derek Chauvin verdict, going as far to accuse the president of providing grounds for a mistrial when he said he was “praying” for the “right” verdict while the sequestered jury was deciding the ex-cop’s fate. Key Facts Hours before the…
Topline Three Democratic lawmakers are urging U.S. Supreme Court Justice Amy Coney Barrett to recuse herself from an upcoming case that will determine whether charities have to disclose their major donors, arguing she should not hear the case after the organization that brought it spent at least a million dollars supporting her Senate confirmation. Key…
Biden’s DOJ appears to be hanging back as prosecutors in New York and Georgia investigate Trump. A decision to prosecute Trump would be fraught with political peril in a divided political climate. Biden has consistently said DOJ, not the sitting president, should make the call. See more stories on Insider’s business page. Donald Trump left…
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