Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023.Jonathan Ernst | ReutersHouse Republicans this week reintroduced legislation to permanently repeal what they're calling the "death tax" — or federal estate tax, which is levied on...
Year: 2024
Why the JetBlue-Spirit antitrust ruling doesn’t spell doom for an Alaska-Hawaiian merger
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesPresident Joe Biden's Justice Department has successfully had two airline linkups halted in court in recent months. That...
What will it cost you to buy a bitcoin ETF? Here are the cheapest and most expensive funds
Jonathan Raa | Nurphoto | Getty ImagesThe bitcoin exchange-traded funds launching Thursday after the SEC's long-awaited approval come at a wide variety of price points, with signs that a fee war is already underway.The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at...
New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets
Morgan Stanley's new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return.Pick, a three-decade Morgan Stanley veteran who took over this month, said he has three priorities: sticking to the strategy laid out by predecessor James...
Mega-rich renew call on global leaders at Davos to ‘tax our extreme wealth’
Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. (Photo...