The Internal Revenue Service (IRS) recently announced a major policy shift that could have a huge impact on the wealthiest individuals in the US. On September 20, 2023, the IRS announced the creation of a new pass-through group with the sole purpose of targeting the top 1% of income earners. This new move could represent…
China Last Night KraneShares Week in Review Only a few markets managed gains for the week: Indonesia, the Philippines, Hong Kong, and Mainland China. Meanwhile, Japan, Taiwan, South Korea, India, and Singapore were all lower on hawkish Central Bank speech and a jump in the US dollar. There were multiple diplomatic overtures between the US…
China Last Night KraneShares Key News Powell’s “higher for longer” press conference indicating one more rate hike in 2023 pounded Asian equities overnight, sending the US dollar higher. The Asia Dollar Index is close to both its 1-year and all-time low over the last 17 years as the US 10-year Treasury yield closes in on…
FTSE 100 Financial Times Stock Exchange Index United Kingdom getty The U.K. market is so painfully cheap it is now privately being described by fund managers as offering a generational opportunity for investors. No one wants to hear that after a generation of failure now is the time to buy, because anything that can be…
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as the US reported hotter-than-expected inflation in August. Hong Kong saw very low volumes overnight as 31% of names saw no transaction volume. This has attracted the attention of Hong Kong’s government, which is now following the Mainland’s example and implementing…
Getty Images TL;DR Lawsuits and regulatory issues can come out of left field, but make a big impact on stock prices This week has seen a raft of these rear their head, from Burger King facing allegations of false advertising, Elon Musk planning to sue the ADL and Amazon going up against the FTC again…
China Last Night KraneShares Key News Asian equities were lower overnight, except for India and Thailand. The Fed pause narrative is struggling as the US economy’s strength, and higher oil prices decrease the odds of a pause, sending the US 10-year Treasury yields higher. This also sent the dollar higher, which weighed on risk assets…
China Last Night KraneShares Key News Asian equities were largely higher except for Taiwan and South Korea. China and Hong Kong opened down, though the former managed a small gain and the latter a small loss. Hong Kong shares were not off nearly as much as US-listed China stocks yesterday, which should see a rebound…
NEW YORK, NY – APRIL 04: Former U.S. President Donald Trump sits in the courtroom with his … [+] attorneys Joe Tacopina and Boris Epshteyn (R) during his arraignment at the Manhattan Criminal Court April 4, 2023 in New York City. Trump pleaded not guilty to 34 felony counts stemming from hush money payments made…
Success business chart with green arrow up and USA dollars background. Profit and money. Financial … [+] and business graph. Stock market growth 3d illustration. getty If you haven’t noticed, I’m a bit of a data nerd. I could go on and on about all the economic numbers I watch for you every month, but…