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Wall Street has the rug pulled out by report that Biden is planning capital gains tax hike
Stocks were steadily improving until a sudden drop in the afternoon
4:20pm: Biden could raise capital gains top marginal rate to 39.6%
The Dow swooned in afternoon trading, shedding 321 points, 0.9%, to close at 33,816. The Nasdaq fell 132 points, 0.9%, to 13,818, and the S&P 500 dipped 38 points, 0.9%, to 4,135.
Traders reacted harshly to a report from Bloomberg News that President Biden plans to propose raising the capital gains tax rate for those earning more than $1 million to 39.6%, up from 20%.
12:30pm: Southwest gains on promising results
The Dow improved from an early deficit of more than 175 points, but was still down 47, 0.1%, at midday. The Nasdaq Composite crossed the flatline to gain 40 points, 0.3%, and the S&P 500 picked up almost 2 points to 4,175.
Loop Insights joins Oracle Partner Network to integrate with its POS system and get in front of more potential clients
Being a part of the OPN enables Loop Insights to collaborate with one of the largest global POS providers for retail and hospitality and puts its Insights platform in front of thousands of retailers It marks the next step in Loop’s progression of POS integrations as the company continues to move towards the integration of all major POS systems
Loop Insights Inc (CVE:MTRX) (OTCMKTS:RACMF) announced that it has joined the Oracle Partner Network (OPN), initiating a relationship with a leading provider of point-of-sale (POS) systems and cloud reporting.
Wall Street opens in the red despite fall in jobless claims
Markets in New York slipped into negative territory in the first minutes of trading, seemingly ignoring jobless claims dropping to their lowest level since March 14
9.45am: Proactive North America headlines:
Alternus Energy Group PLC (NOTC:ALT) bolsters executive team by appointing industry veteran Gary Swan as CTO
Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) (FRA:31R) files US provisional patent application for oral thin-film psilocybin product following research study
Marble Financial Inc (CSE:MRBL) (OTCMKTS:MRBLF) (FRA:2V0) launches affiliate marketing program with Fintel Connect to reach more Canadian consumers
NA Proactive news snapshot: Planet 13 Holdings, Xigem Technologies, The Valens Company, Lexaria Bioscience …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF), a leading vertically integrated Nevada cannabis company, has revealed that it clocked up a record sales day on April 20, 2021 (420), by generating about $543,000 in single-day sales with gross margins during the month in excess of 50%. April 20, abbreviated 420 or 4/20 in the US, is considered the unofficial marijuana holiday and an occasion for celebrating the smoking of cannabis. Planet 13 s biggest claim to fame is its flagship, uber luxury SuperStore dispensary, the Planet 13 Cannabis Entertainment Complex located not far from the famous Las Vegas Strip. At 112,000 square feet, the SuperStore is the biggest cannabis store in the world, attracting 1 million vi