Stocks Drop on Biden Plan to Lift Capital-Gain Tax: Markets Wrap

homes slid in March to a seven-month low, while jobless claims posted an unexpected decline last week.

The percentage of Russell 2000 members trading above their 50-day moving average fell below 40%, compared to about 80% for the large-cap S&P 500, a smidgen off a record gap, according to data compiled by Bloomberg going back to 1995.

“We think the big risk is in the benchmarks, not what we’re doing.” Billionaire Cathie Wood’s predictions are must-follow because of her historic returns in the last three years — with her picks soaring many times above their original share prices.

A separate surtax on investment income could boost the overall federal tax rate for wealthy investors as high as 43.3%, the report said, citing unnamed people familiar with the proposal.

When you’re planning your retirement finances, arguably your most important goal should be to avoid running out of money.

Supreme Court on Thursday made it more difficult for the Federal Trade Commission to force scam artists and companies that engage in deceptive business practices to return ill-gotten gains obtained from consumers, ruling in favor of a criminally convicted payday lender who challenged the agency.

President Joe Biden will next week propose raising taxes on the wealthy to fund major investments in child care, universal pre-kindergarten education and paid leave for workers, sources familiar with the plan said.

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United were among the six Premier League clubs who had signed up for the venture before withdrawing on Tuesday amid a storm of protests from fans, players and the British government.

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