A hub for independent voices and hard truths
If you think the U.S. tax system is complicated, you’re not alone. Scott Galloway, professor of marketing at NYU Stern School of Business, believes the complications are the result of various loopholes designed to help wealthy people. “The tax code has gone from 400 pages to 4,000, and that extra …
TL;DR: The Megabanks Are Winning the Fight Against Stronger Capital Requirements Dimon and McHenry: These two powerful figures, representing JPMorgan Chase and the House Financial Services Committee, respectively, are actively working to weaken proposed capital requirements for large banks. Derivative Risk: Megabanks have a history of risky derivative trading, as evidenced by …
by LarBrd33 I get you can apply capital losses against capital gains to minimize your taxable gains. I get there is a carryover where if you take more losses than gains, you can apply those losses against future gains. I get that there is a $3000 capital loss deduction where …
Capital One class action lawsuit overview: Who: Plaintiffs Vishal Shah, Gary Ingraham, Deia Williams and Devin Rose filed a class action lawsuit against Capital One Financial Corporation d/b/a Capital One. Why: Capital One allegedly shares personal data with Meta, Google, Microsoft and other entities without customer knowledge or consent. Where: The Capital One …
Uh oh… $HSBC needs capital… but let’s not tell to too many 🤫 https://t.co/Y29duYM06B pic.twitter.com/Cegtly7G8g — JustDario 🏊♂️ (@DarioCpx) September 5, 2024
Bharat Ramamurti, former National Economic Council deputy director under President Biden and informal economic adviser to the Harris for President campaign, joins ‘Squawk Box’ to discuss the Harris-Walz economic agenda, details of Harris’ tax plan, and more.
Ukraine advances in Russia as Moscow mayor accuses Kyiv of ‘one of largest ever’ drone attacks – CNN https://t.co/uvFetY7EMp — JOSEPH SAKOWSKI (@JOSEPHSAKOWSKI) August 21, 2024 Russian air defenses shot down 10 drones over Moscow and its outskirts, Mayor Sergei Sobyanin said in a Telegram post early Wednesday morning. “The echeloned defense …
Kamala Harris's 2025 capital gains tax would be the highest in over 100 years. Everyone will be selling everything in 2024 and the economy will implode. https://t.co/gKC472uJgz pic.twitter.com/xqNqaWaoG0 — Financelot (@FinanceLancelot) August 20, 2024 45% will destroy lives. Work an entire life to finally have a single stock options payout …
TL;DR: Derivatives Danger: Four major U.S. banks hold 87% of all derivatives, totaling $168.26 trillion. Dodd-Frank Failure: The 2010 law failed to prevent the return of risky derivatives practices. Leverage and Off-Balance Sheet Debt: Megabanks have excessive leverage and hide debt off their balance sheets. Financial Crisis Repeat: The current situation resembles the 2008 …
Mayoral candidate Victor Miller, a bespectacled librarian with an AI obsession, stood between an American flag and a Wyoming flag, preaching what he sees as the untapped potential of artificial intelligence in government. AI would be objective. It wouldn’t make mistakes. It would read hundreds of pages of municipal minutiae …
We already know that Americans are fleeing blue states and cities in droves and searching for greener pastures in places like Texas, Tennessee, Utah, and Idaho. We also know that in 2020, California saw its first net population decline since 1850 as residents flee high taxes, woke dictates, and exploding crime. We …
00:25 seconds in Trump says TO THE MOON! TRUMP “I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the World.. if Bitcoin is going to the Moon — as we say— I want America to …
This is what capital rotation looks like Big Tech stocks are pulling back Small cap stocks are rising sharply pic.twitter.com/s50A71fn9W — Bravos Research (@bravosresearch) July 15, 2024 The big story, the second coming of Trump. This chart shows that odds of Trump winning the election have soared to 65% in …
As of the first quarter of this year, several banks have faced significant unrealized losses that exceed their equity capital. Here are some notable examples: Union City SVGS Bank: Their unbooked losses equaled a staggering 172.7% of their equity capital. Citizens ST Bank: Unbooked losses at this bank reached 121.4% …
Amazon founder Jeff Bezos has filed a notice with the U.S. Securities and Exchange Commission to sell 25 million of the company’s shares currently worth about $5 billion. In November, the word’s second richest man announced he was leaving Seattle after nearly 30 years of living in the area to …
Gravity is unrelenting and inevitably prevails. The forward P/E ratio of the S&P 500 is now nearly as high as it was at the peak of the Tech Bubble. It's understandable that during periods of euphoria, less experienced investors might claim that valuations are irrelevant. I… pic.twitter.com/wxuM2GcZ5T — Otavio (Tavi) …
This looming capital need suggests a potential liquidity crunch on the horizon, exacerbated by stress indicators such as a high Fed funds rate and a sharp decline in private credit fundraising, reflecting levels not seen since 2020. BANKING CRISIS 3.0🚨 Chart depicts double top for a reason. Stressed banks"More than …
Chinese Yuan hit the lowest level versus the US dollar since November 2023. The yuan fell to as low as 7.2487 driven by capital outflows in China, disappointing growth and fear that the Federal Reserve rate-cut cycle will be delayed. pic.twitter.com/5p7jx0kQcf — Global Markets Investor (@GlobalMktObserv) May 29, 2024 Business …
In a stunning revelation that has sent shockwaves through global financial markets, Norinchukin Bank of Japan is urgently seeking to raise $7.7 billion in fresh capital. This desperate move comes as the bank grapples with undisclosed losses on its overseas bond investments, exposing deep-seated vulnerabilities that were hidden behind a …
Credit card charge-offs and liquidations have hit their highest rate since 2008 for credit card issuers such as Capital One and Discover, a concerning sign for the outlook of the US economy. The Federal Reserve is starting to sign alarm bells about this. Recent reports from card issuers, including AMEX …
In the tempest of financial markets, a clarion call rings out—protect your capital amidst mounting economic turmoil and looming threats. CAPITAL PRESERVATION SHOULD BE YOUR #1 OBJECTIVE FOR 2024-2025 The media continues to focus more and more on AI and raised year-end targets for the S&P 500 and less and …
The specter of taxing unrealized capital gains looms large, evoking incredulity and alarm from critics who decry its potential economic havoc. With proposals for compounding taxes annually, the notion of siphoning 25% of potential growth before it even materializes strikes fear into the heart of economic stability. Amidst assurances that …
Biden just proposed the highest capital gains tax in history pic.twitter.com/CuiDXbJum6 — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 24, 2024 President Biden’s Budget proposal for Fiscal Year 2025 has ignited intense debate and scrutiny, particularly regarding plans to raise capital gains rates. The proposed increase to 44.6% has …
Last year’s warnings echo louder as M2 data forecasts inflation surge, dismissing deflation fears. In Florida, over half of renter households strain under excessive rent burdens. Brace for wealth erosion as Biden’s historic Capital Gains Tax proposal looms, while gold’s ascent prompts speculation of $3,000 per ounce. In situations where …
Capital One said it will buy Discover Financial Services DFS -0.21%decrease; red down pointing triangle for more than $35 billion, a deal that will marry two of the largest credit-card companies in the U.S. Under the terms of the all-stock deal, Discover shareholders are set to receive 1.0192 Capital One …
Over $3 BILLION flowed from US venture capital firms to China to aid military and spy capabilities: Bombshell House report reveals how American dollars are ‘subsidizing’ CCP’s ‘malign’ regime The report states that U.S. venture capitalist companies have helped ‘build and strengthen’ China’s authoritarian regime U.S. venture capital is financing …
They keep kicking the can in that lawsuit – and they have been for 2 years. Each time that they kick the can, the costs goes up. Just like the US…banks are stuffed with these loans. The crap has hit the fan in China.When rates start going up again in …
by j_stars The Japanese yen is poised to break out against other major currencies, as bond yields in Japan are set to surge. This could reduce the financing of US markets by Japanese investors, and put downward pressure on the dollar. Fed Repo Facility Sinks Below $1 Trillion as Bills …
by SurveillanceBalloon I recently read this article written by a former Capital One product manager, and thought this subreddit might find it interesting: https://newrepublic.com/article/155212/worked-capital-one-five-years-justified-piling-debt-poor-customers It’s a pretty quick read, but has a few interesting anecdotes and explanations of things like Cap1’s proactive increase strategy with the goal of getting users …
by myironlung6 Gather round for some Big Short, Margin Call level shit… The goal of this post isn’t to accuse any financial firm or Nvidia of breaking any laws because we all know our existing laws let the big dogs do whatever the fuck they want with zero consequences. It’s to …