Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, or just under half of the U.S. electorate, according to CNBC’s analysis of several estimates.As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military…
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GE Healthcare booth is seen ahead of the 2022 China International Fair for Trade in Services (CIFTIS) at China National Convention Center on August 28, 2022 in Beijing, China. Yi Haifei | China News Service | Getty ImagesGE HealthCare on Monday announced a new artificial intelligence application it said will save time for doctors who diagnose and treat cancer.CareIntellect for Oncology, as the tool is called, will help oncologists get up to speed on a patient’s history and disease progression by quickly showing them the data they need, the company said. GE said it wants to spare oncologists the headache of…
The Charlotte Hornets’ first home preseason game felt more like it was being played 600-plus miles northeast, between Seventh and Eighth Avenues in Manhattan.Blue and orange garb overpowered teal and white inside the Queen City’s Spectrum Center. There were more Jalen Brunson and Patrick Ewing jerseys than LaMelo Ball and Kemba Walker. The loudest cheers of the night came for the road team, and intensified when second-round Knicks rookie Tyler Kolek scored his first unofficial NBA points.New York fans love their basketball team, especially their rookies. They take pleasure in taking over another team’s domain. Since 2001, though, they’ve sat through…
The University of Chicago Booth School of Business.Courtesy: The University of Chicago Booth School of Business.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Top universities are tapping into the family office boom, with a growing number of programs and courses aimed at training the next generation of family office leaders.Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and…
There are too many investors in the so-called Magnificent Seven and it’s time to move away from them, according to value investor Bill Nygren. While there has been some rotation out of high-flying tech names into smaller stocks, the small-cap Russell 2000 still lags the S & P 500 for the year. The former is up 11% in 2024, while the other has soared 22% — led by sharp gains in Nvidia , Meta Platforms and Amazon , among others. “We think it’s a really good time for an investor to diversify away from the concentration in the S &…
Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. The aircraft maker reached a new contract proposal with its machinists’ union, which could end a strike that has been going on for more than a month. The ratification vote is set for Wednesday. Warby Parker — The eyeglass maker and retailer gained nearly 6% after Goldman Sachs upgraded shares to a buy from a neutral rating , saying its margin growth potential and solid fundamentals support its “somewhat elevated” valuation. Cigna — The insurer’s stock slid more than 4% after Bloomberg reported, citing people…
U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024.Kevin Lamarque | ReutersFederal student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said. The development on Monday comes as the administration has been dragged into a slew of legal battles waged by Republicans over its recent student loan relief efforts. The borrowers who are excused from their monthly payments are those enrolled in the Biden administration’s…
LOS ANGELES — With the season over and dreams of advancing to the World Series dashed, Pete Alonso spent what could be his final moments inside a New York Mets clubhouse connecting with people he cared deeply about.He looked third baseman Mark Vientos eye-to-eye, both pairs moist, as he told the burgeoning star that he was a bona fide big-leaguer and not to take anything for granted. He embraced the Mets’ stalwart press relations guru Ethan Wilson in a hug, thanking him. Later, with the Mets cap on his head turned backward and a bottle of beer in his hand,…
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via ReutersThough President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race.”As we’ve seen, our brand has been a fixture of conversation in this election cycle. While we’ve not sought this, it’s a testament to how much McDonald’s resonates with so many Americans. McDonald’s does not endorse candidates for elected office and that remains true in this race for the next…
Arizona residents rally for abortion rights on April 16, 2024 in Phoenix, Arizona.Gina Ferazzi | Los Angeles Times | Getty ImagesAbortion is an important issue for many voters, especially young women, heading into the November election.Abortion access is about more than politics, or health care: It’s also a personal finance issue, said Diana Greene Foster, a demographer who studies the effects of unwanted pregnancies on people’s lives.Foster, a professor at the University of California San Francisco, led The Turnaway Study, a landmark research study on the socioeconomic outcomes for Americans who are “turned away” from abortion. The study tracked 1,000…
