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July 25, 2021

cap

Some states now offer certain business owners a workaround for cap on state and local tax deduction

CNBC
CNBC – For more and to sign up click here Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the......

Market cap vs fundamentals: How ETF weighting strategies could impact the average investor

CNBC
CNBC – For more and to sign up click here Exchange-traded fund weighting strategies are starting to really matter for investors. Longtime market watcher and Wharton School professor Jeremy Siegel has argued for decades that investors should consider alternatives to popular market cap-weighted funds, particularly ETFs that weigh their holdings......

State and local tax cap may be here to stay for the highest earners in high tax states

CNBC
CNBC – For more and to sign up click here High earners in high tax states cheered the news last week that Sen. Bernie Sanders included relief from the state and local tax cap in his budget. But the numbers suggest Sanders is only considering a partial reduction in the......

Microsoft closes above $2 trillion market cap for the first time

CNBC
CNBC – For more and to sign up click here CEO of Microsoft Satya Nadella gives a lecture about dream, struggle and creation at Tsinghua University on September 25, 2014 in Beijing, China. Nadella visited China for the first time on Thursday. Visual China Group | Getty Images Microsoft is......

Olympics Tokyo organisers to cap spectators at 10,000 per venue

Reuters
People walk outside the Japanese Olympic Committee (JOC) headquarters near the National Stadium, the main stadium for the 2020 Tokyo Olympic Games in Tokyo, Japan June 19, 2021. REUTERS/Pawel Kopczynski TOKYO, June 21 (Reuters) – Organiers of the Tokyo 2020 Olympics on Monday capped the number of spectators at 10,000......

Biden set to cap off first G7 summit with an audience with Queen Elizabeth II

CNN
USA TODAY – For more and to sign up click here “Don’t you bow down to her,” she told him in 1982, according to a memoir Biden published several years ago. Little is known about the meeting itself, or how the 40- or 41-year-old Biden reacted to the British monarch,......

Marqeta closes up 13%, topping $16 billion market cap in Wall Street debut

CNBC
CNBC – For more and to sign up click here Shares of payment processing company Marqeta closed up 13% after its market debut Wednesday on the Nasdaq. Shares closed at $30.52, giving the company a market cap of just over $16 billion. Marqeta priced just over 45 million shares at......

Apple bull expects iPhone maker to hit $3 trillion market cap in 2022

CNBC
CNBC – For more and to sign up click here Various models of the Apple Inc. iPad at the company’s Yeouido store during its opening in Seoul, South Korea, on Friday, Feb. 26, 2021. Jean Chung | Bloomberg | Getty Images Apple could hit a $3 trillion market capitalization in......

Dogecoin surges more than 25%, market cap grows to $54 billion on Coinbase listing this week

CNBC
CNBC – For more and to sign up click here A visual representation of digital cryptocurrencies Dogecoin and Bitcoin. Yuriko Nakao | Getty Images News | Getty Images Dogecoin, the original meme asset, jumped on Wednesday following Coinbase’s announcement that it will begin listing the cryptocurrency on its Pro platform......

Miami gets MLS-record $2M fine, $2.2M cap hit

ESPN
Major League Soccer has handed Inter Miami CF a $2 million fine — the stiffest in MLS history — over violations of the league’s salary budget and roster regulations. Along with the $2m fine to the club, MLS levied a reduction in allocation money of $2,271,250 spread out over the......

Cuomo privately calls on business leaders to stay in New York and lobby to remove cap on SALT deductions

CNBC
CNBC – For more and to sign up click here New York Governor Andrew Cuomo speaks to the media at a news conference in Manhattan on May 5, 2021 in New York City. Spencer Platt | AFP | Getty Images New York Gov. Andrew Cuomo is privately encouraging some of......

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