Wealthy families are rushing to transfer assets to their children before potential estate tax increases if Kamala Harris wins the presidency and current exemptions expire in 2025.
Kamala Harris
Donald Trump's company suffered a 15% share decline following last night's presidential debate, just after betting odds for Kamala Harris increased.
A win for Kamala Harris and the Democrats would boost US economic growth and job opportunities for Americans, while a Trump victory could lead to reduced economic output due to higher tariffs and stricter policies, according to Goldman Sachs.
The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.
Kamala Harris has proposed raising the corporate tax rate from 21% to 28% to reduce the national debt and support working families if she wins the November election.
Melinda French Gates, the ex-wife of Microsoft founder Bill Gates, said that the new generation of billionaires like Elon Musk, Peter Thiel, Jack Dorsey, and Bill Ackman are more vocal than financial in their efforts to make social changes.
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Biden and other Democrats have endorsed Harris as the party's potential presidential nominee for the 2024 election.
GoBankingRates provided several immediate impacts that would affect Wall Street and other financial institutions following US President Joe Biden’s decision to stand down from the race to the White House.
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
US President Joe Biden announced that he was standing down from the country’s presidential election this November, endorsing Vice President Kamala Harris on his stead.
President Joe Biden faces pressure from prominent donors within his party, including Disney heiress Abigail Disney, who announced she would cease funding to the Democratic Party.
Vice President Kamala Harris announced a $100 million funding initiative in Detroit to support small and medium-sized auto manufacturers transitioning to electric vehicle production.
Vice President Kamala Harris unveiled a new initiative on Wednesday aimed at protecting Americans from the potential risks posed by unregulated artificial intelligence (AI), with a particular focus on addressing racial disparities.
Vice President Kamala Harris had a private lunch with JPMorgan Chase CEO Jamie Dimon at the White House, raising eyebrows due to Dimon's previous comments praising certain policies of former President Trump.