Fed's Waller Sees Some Flexibility on Rate-Hike Timing (Video)
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One Tax Loophole to Rule Them All
For 40 years, a huge number of rich business owners have taken advantage of a tax concept known as pass-through income. This anodyne-sounding technique allows millionaires and billionaires to exempt their fortunes from the corporate tax and shield large portions of them from income taxation, depriving the government of trillions of dollars in revenue, driving a huge amount of inequality, and creating a powerful political constituency opposed to reform. “This is arguably the most important...
After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now.
Bill Hench, of First Eagle, stepped away from the artificial-intelligence trade with small-capitalization bets on a recovery of the U.S. housing construction market.