Wall Street, Trump and TACO trade
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Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat and edged down by less than 0.1% as it finished a winning week and its first winning month in the last four.
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For foreign investors, Section 899 would increase taxes on dividends and interest on US stocks and some corporate bonds by 5 percentage points every year for four years. It would also impose taxes on the American portfolio holdings of sovereign wealth funds, which are currently exempt.
6hon MSN
Wall Street inched toward tiny losses early Friday as markets digested a the government’s latest inflation data.
Wall Street analysts are cautioning that a tax targeting foreign investors in the U.S. budget bill progressing through Congress could end up weighing on demand for U.S. Treasuries and the dollar.
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Developers are seeking a construction loan of about $850 million to convert Manhattan’s 111 Wall St. into more than 1,500 apartments in what would be one of the largest office-to-residential projects in the city’s history.
"One thing is to talk about money, and another is managing it," says Nouriel Roubini.
Atlassian is betting big on artificial intelligence (AI) to enhance its popular software products like Jira and Confluence. Atlassian's revenue growth is slowing, but the company has a very bullish long-term outlook.
Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeover targets,
Wall Street on Friday was on track to post a strong monthly advance, though it was set for a mixed finish on the final day of May after U.S. President Donald Trump said China had "totally violated" a trade truce.