Street scene in Old Bond Street, Mayfair, London, United Kingdom. Pawel Libera | The Image Bank | Getty Images LONDON — Monaco, Italy, Switzerland, Dubai. They’re just a few of the destinations trying to lure away the U.K.’s uber wealthy ahead of proposed changes to the country’s divisive non-dom tax regime. Almost two-thirds (63%) of … Read more
SINGAPORE — Anthony Scaramucci, founder and managing partner of SkyBridge Capital, said he and a group of crypto advocates are working with U.S. Vice President Kamala Harris to develop her campaign’s policies on digital assets ahead of the elections in November. “There’s a group of cryptocurrency advocates, bitcoin advocates etc. that are working alongside her … Read more
Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday said he had “never once spoken” to Federal Reserve Chair Jerome Powell while he was president. But the pair, joined by Treasury … Read more
North Carolina Lt. Gov. Mark Robinson speaks on stage on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Chip Somodevilla | Getty Images North Carolina Republican gubernatorial candidate Mark Robinson called himself a “black NAZI” and said “slavery is not bad” in years-old comments … Read more
Combinations showing Entrepreneur Elon Musk (L) and Brazil Supreme Court Justice Alexandre de Moraes (R) Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The fines, imposed by Brazil’s … Read more
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by … Read more
US President Joe Biden looks on before speaking ahead of the 30th anniversary of the Violence Against Women Act on the South Lawn of the White House in Washington, DC, September 12, 2024. Andrew Caballero-Reynolds | AFP | Getty Images A federal judge has extended a temporary restraining order against the Biden administration’s latest student loan forgiveness … Read more
Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel on August 29, 2024 in Potterville, Michigan. Bill Pugliano | Getty Images Shares of Trump Media fell at the opening bell Thursday, with just hours to go until former President Donald … Read more
Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a “strong leader of the middle.” Speaking to CNBC’s “Squawk Box Asia” on Thursday, the founder of Bridgewater Associates explained that the U.S. should aim to reach “broad-based prosperity” and the presidential election … Read more
The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy. “The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” said Gregory Daco, chief economist at EY-Parthenon. “The [U.S.] economy remains one of the largest economies in the world, and certainly of late, one of … Read more
