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Joe Biden didn’t campaign for president as a tax-cutter, but his first big legislative package is turning into a bigger tax cut than the landmark tax bill President Trump signed with great fanfare at the end of 2017. The $1.9 trillion American Rescue Plan includes at least four provisions that will lower Americans’ 2021 tax bills by an average of $3,360, according to the Tax Policy Center. The 2017 Trump tax cuts only cut the average household’s tax bill by $1,600 per year. There’s… Source link

Costco (COST) may be about to put the burden on its members to pay for higher worker wages. The warehouse retailer could be “poised” to lift its membership fees within the next 18-months, Wells Fargo analysts said in a research note this week. Wells Fargo views any hike as an earnings catalyst, and lifted its rating on Costco shares to Overweight from Equal-weight ahead of that happening. “In addition to some sustainability of the COVID benefit, Costco is rapidly approaching its next… Source link

Bloomberg Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes (Bloomberg) — It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.Shares of MicroStrategy have rocketed almost 600% since mid-July, boosting… Source link

(Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice. Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire. The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link

We came close to getting unlucky, but instead this Friday falls on the 12th, so we can breathe a sigh of relief. On top of that, we can enjoy the five NHL games taking place, with the earliest game starting at 8:00 p.m. ET. That’s an hour later than usual when it comes to setting your DFS lineup. Perhaps it’s the NHL’s attempt to do you a solid before Daylight Saving Time begins on Sunday.  Here are some players to target, and to avoid, for your lineup… GOALIE Kaapo Kahkonen, MIN vs. ARI… Source link

A man walks past an electronic board showing currency exchange rates at a securities firm in Tokyo on 12 March. Photo: James Matsumoto/SOPA Images/Sipa USA European stocks suffered a tepid end to the week on Friday, as official data confirmed another economic slump for the UK and futures markets pointed to a tech sell-off on Wall Street later today. The FTSE 100 (^FTSE) was down 0.3% by just before lunchtime on Friday. Data from the UK’s Office for National Statistics (ONS) showed GDP shrank… Source link

MATCHES (ET) FORWARDS Gabriel Jesus, MCI at FUL (£21): Jesus has the third-highest goal-scoring odds of any player and should start for the biggest favorite. He’s been a bit feast-or-famine, though his feast has been solid, scoring three goals in his past four matches. Expect Jesus to continue to start over Sergio Aguero, while he should be flanked by a combination of Raheem Sterling (£29), Riyad Mahrez (£23, MID), or Phil Foden (£23). As mentioned, City are heavy favorites with an implied… Source link

The NBA follows up a busy Thursday with seven games on the schedule Friday. Injuries and several teams playing the second game of a back-to-back set make for some interesting DFS decisions. Here are some players to consider for your entries, as well as a few to possibly avoid. GUARDS Dejounte Murray, SA vs. ORL ($34): The big news for the Spurs is that DeMar DeRozan won’t play because he will be attending his father’s funeral service. That means they will have to play without one of their… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link