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Bessent Says US Is ‘Suffocating’ Iran With Oil Industry Creaking
(Bloomberg) - Treasury Secretary Scott Bessent said the US is “suffocating” Iran with economic and financial pressure, suggesting that the rulers in Tehran will eventually buckle.
Kevin Warsh Says He Favors A More Dynamic Approach To Monetary Policy
Incoming Federal Reserve Chair Kevin Warsh signaled during his confirmation hearing that he favors a more dynamic and openly debated approach to monetary policy deliberations, suggesting that more rigorous internal disagreement can ultimat
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Bullish Jobs Prediction: Bank Of America Says Employment Will Return To Pre-Pandemic Levels By Year’s End
Analysts from Bank of America expect jobs to return to pre-pandemic levels by the end of the year if that pace of improvement continues.
U.S. money market funds see heavy inflows for second week
U.S. money market funds saw strong demand as concerns over higher U.S. bond yields and rising COVID-19 cases in Europe sent investors to safer avenues
Reality Check: Higher Capital Gains Rates Rarely Hurt Stocks
UBS has found that history shows no discernible correlation between equity valuations and changes to the capital gains tax rate.
Millionaire Audits Are Down, Crushing Federal Tax Revenue
Just two of every 100 millionaires in America were audited by the Internal Revenue Service in 2020 as HNW audits are down 72% over the past decade.