On a frenzied Friday in the House Ways and Means Committee, the preliminary draft of the tax portion of the so-called “big beautiful bill” was unveiled. Promoted as a panacea for economic woes, this 28-page document proposes to solidify the provisions of the 2017 Tax Cuts and Jobs Act—essentially putting a gilded seal on tax
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Chicago’s recent call for qualifications (RFQ) regarding underwriting services marks a pivotal moment in the city’s financial dealings. Released on April 30 and setting a deadline for responses by June 18, this move is not just a routine bureaucratic process; it signifies Chicago’s substantial shifts in its economic strategy amid evolving market dynamics. The city
The investment landscape in 2025 is nothing short of chaotic. Recent market fluctuations have left many investors in a state of bewilderment, particularly as the S&P 500 has registered a decline of over 3%. Contributing to this turmoil are escalating economic anxieties and uncertainty revolving around President Donald Trump’s controversial tariff proposals, which threaten to
Last week marked a grim chapter in an already unpredictable stock market, as major indices felt the heat of uncertainty and investor hesitation. The S&P 500, a crucial barometer of U.S. financial health, closed the week down by 0.5%, with the Nasdaq Composite and Dow Jones Industrial Average also sliding by 0.3% and 0.2%, respectively.
In the realm of haute horlogerie, few pieces capture the imagination like the upcoming auction of a 1999 platinum Rolex Daytona, expected to fetch up to a staggering $1.7 million at Sotheby’s Geneva. This isn’t just another watch; it’s a rare gem in the world of luxury timepieces. Crafted from platinum, a metal that Rolex
In the landscape of investment-grade bonds, BBB-rated corporates are increasingly becoming the focal point of investors’ strategies—not necessarily for their desirability, but rather due to the warnings echoing from financial analysts, particularly those at Wells Fargo Investment Institute. Once lauded for offering higher yields without significantly compromising credit quality, these bonds are now facing scrutiny
The landscape of energy financing is undergoing a seismic shift as publicly owned power companies embrace the elective pay program, a notable initiative stemming from the Inflation Reduction Act. The essence of this program lies in its ability to transform green energy tax credits into immediate cash, positioning it as a transformative tool for the
In a groundbreaking move, the FDA has approved the Teal Wand, a revolutionary at-home cervical cancer screening test developed by the innovative startup Teal Health. This event marks a significant turning point in women’s health, representing both technological advancement and a fight against systemic barriers that have historically limited access to essential healthcare services. The
In a time when mobility has often been celebrated as a hallmark of modern life, the current state of the rental market presents a paradox. The notion has always been that renting should offer advantages—affordability, flexibility, and low upkeep. However, recent data reveals a disturbing trend: fewer people are moving out. Real estate analyst Alex
As the political landscape continually shifts, it’s becoming increasingly clear that the state and local tax (SALT) deduction cap has emerged as a significant flashpoint within the GOP. Congressman Nick LaLota of New York recently underscored this critical issue, pointing out not only the inherent fairness of adjusting the SALT cap but also how it