Democrats’ $1.8 Trillion Spending Plan Could Add $367 Billion To Budget Deficit In 10 Years Despite New Taxes, CBO Finds

Topline The Congressional Budget Office on Thursday finished assessing Democrats’ sweeping $1.8 trillion social spending proposal and concluded it would add about $367 billion to the nation’s budget deficit over the next decade, falling short of claims the package would fully pay for itself—even with additional revenue from tax enforcement activities.  House Speaker Nancy Pelosi…

Leveraging Technology Can Help Empower All Investors

Companies need to encourage shareholder participation in this increasingly democratized market. Shutterstock Financial services firms have benefited from the trillions of dollars flowing into financial markets as a result of the ongoing process of market democratization. Today, however, the industry is discovering that democratization doesn’t just create new opportunities, it also creates new responsibilities. For…

A Tale Of Two E-Commerce Giants

Alibaba reported fiscal year Q2 results prior to the US open. Alibaba’s fiscal year is different than the calendar year which explains why this is the company’s Q2 and not Q3. Expectations going into the release had been dropping as the company talked down analysts’ expectations. This led me to believe we might get a…