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As the proposed $3.5 trillion infrastructure bill continues to receive pushback in the Senate—even from within party lines—looming tax hikes in 2022 have become an ever-increasing concern. According to Kevin Simpson, Capital Wealth Planning founder and chief investment officer, tax increases next year is the most likely scenario. “I’m pretty certain we’re going to get tax hikes next year in 2022,” Simpson told Yahoo Finance Live. “None of us like that but we’ve got to pay for a… Source link

Kai-Fu Lee, CEO of Sinovation Ventures. Lino Mirgeler | Picture Alliance | Getty Images The former president of Google China warned that the West should be careful not to overstate or misinterpret the recently introduced regulations by Beijing that have hurt the likes of Alibaba, Tencent and Didi. Kai-Fu Lee, who now invests in Chinese start-ups through his venture capital firm Sinovation Ventures, told CNBC Tuesday that China is merely regulating a handful of large internet companies to ensure… Source link

By Julio-Cesar Chavez and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – The latest in a recent line of space-obsessed billionaires was set for liftoff on Wednesday with three less wealthy private citizens along for the ride aboard a SpaceX rocket ship, seeking to become the first all-civilian crew launched into Earth orbit. The quartet of amateur space travelers, led by the American founder and chief executive of e-commerce firm Shift4 Payments Inc, Jared Isaacman, were due for blastoff as… Source link

The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File Photo SEOUL, Sept 15 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians. Google’s announcement came a day after South… Source link

via Facebook In a stunning turn of events, a South Carolina man was charged Tuesday with shooting troubled attorney Alex Murdaugh in the head in an assisted-suicide plot to secure $10 million in insurance money—just three months after Murdaugh’s wife and son were murdered. The alleged conspiracy was laid out in court documents released after Curtis Edward Smith, 61, was collared for the botched Sept. 4 shooting, which Murdaugh, 53, survived. “Mr. Murdaugh supplied Mr. Smith with a firearm… Source link

After acquiring Aaron Gordon at the trade deadline, the Denver Nuggets have locked him up long-term. Gordon and the Nuggets have agreed to a four-year, $92 million contract extension that includes a player option for the 2025-26 season. The Athletic’s Shams Charania broke the news Tuesday, citing Gordon’s agent Calvin Andrews. Gordon joined the Nuggets via a midseason trade from the Orlando Magic, who selected him with the No. 4 pick in the 2014 draft. Gordon has career averages of 12.7… Source link

Stock futures opened slightly higher Tuesday evening after dropping during the regular trading day, with September selling pressure returning to markets even after a report showed a slower-than-expected rise in inflation last month. Contracts on the S&P 500 ticked above the flat line. Dow futures also steadied after the index shed nearly 300 points during the regular trading day, resuming declines and falling for the sixth time in seven sessions. Shares of technology heavyweight Apple (AAPL)… Source link

Week 1 is in the books, and whether the first dose of action was kind or cruel to you in daily fantasy football, it’s time to regroup and eye the Week 2 NFL DFS slate. There’s still enough perceived value available to entice us to invest in some big-ticket players in our Yahoo DFS tournament lineup. Speaking of which, we’re relying on a wild card – or two, depending on your perspective — in this lineup, but we like the assumption of risk in relation to the… Source link

In India, a team of antitrust researchers accused the company of abusing its dominance in the mobile phone operating system market, leading to a formal investigation by the nation’s competition commission. The case hinged, in large part, on certain legal agreements that Google required manufacturers to sign before they could install widely used apps like Google Maps, Gmail and YouTube, according to a case file dated April 2019. Source link

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%.  “If American business is going to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay for them. I don’t know any business leader who thinks that it would be… Source link