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Corporate tax reform in the wake of the 2025 tax law: Completing the shift to a corporate cash-flow tax
9+ min ago (265+ words) The U. S. corporate tax is at a crossroads. Originally designed as an income tax, it has been altered in several incremental steps'most recently, last year's tax law'that move it partway to a tax on business cash flows. The resulting hybrid has…...
South Korean beauty giant Olive Young opens its new Century City store
1+ hour, 36+ min ago (875+ words) The 2, 694-square-foot location marks the K-beauty retailer's second physical storefront in LA. South Korean beauty and lifestyle retailer'Olive Young'added a new storefront to its growing Southern California footprint on June 13 with a grand opening at the'Westfield Century City'outdoor mall. The…...
Inflationary Woes Continue Despite End of Iran War: 5 Defensive Picks
2+ hour, 4+ min ago (922+ words) Investor sentiment got a boost over the weekend on signs that the Iran war is finally ending. Stocks rallied and oil prices fell from earlier highs. The latest development comes just days after the University of Michigan's latest survey of…...
Kevin Warsh Chairs First Fed Meeting as Markets Watch for Rate Signals
26+ min ago (689+ words) Save articles, track what you read, and manage email preferences. Free to join. Newsletter sign-ups also require email confirmation. Kevin Warsh chairs his first Federal Reserve policy meeting on June 16, with markets watching for rate signals that could move cryptocurrency…...
WTI Crude Oil Price Prediction: $73 Target Exposed as Trump-Iran Peace Pact Unwinds Risk Premium
13+ min ago (200+ words) The re-integration of oil supplies from the Middle East has arrived when the physical commodity market is already in a highly vulnerable moment. The OPEC+ July Quota Increase: A group of 7 nations from the organization voted on June 7 to increase…...
Gold could find a safe-haven bid as U. S. housing construction drops 15. 4% in May
4+ hour, 55+ min ago (208+ words) (Kitco News) - The gold market continues to build on Monday's gap higher, and with inflation pressures expected to ease, the precious metal could attract some safe-haven interest as the U. S. housing sector struggles, as construction remaining sluggish. Housing starts fell more…...
Citi: Sell Euro-Dollar Rallies, Even if Warsh Fails the Hawks
18+ min ago (329+ words) Images " Bruce G1001, reproduced under CC licensing With the countdown to Kevin Warsh's first FOMC truly on, we're hearing from seasoned strategists about how they're playing the currency reaction. Citi, one of the world's biggest prime currency dealers, says it thinks…...
All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
43+ min ago (746+ words) On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching…...
Exports register 6-month high growth of 18% in May; trade deficit widens to USD 28. 21 bn
22+ hour, 21+ min ago (350+ words) Exports rose to a six-month high of 18 per cent to USD 45. 2 billion in May, while trade deficit widened to USD 28. 21 billion driven by a rise in imports of petroleum products amid a surge in crude oil prices. However, the trade…...
With 30-year fixed rates holding steady in the mid-6% range, mortgage brokers expect steady business growth through 2026 despite affordability pressures.
2+ hour, 10+ min ago (642+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...