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Bank of America's Merrill Lynch to ban trainee brokers from making cold calls


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Another Twist of the Knife: Introducing a New Death Tax


Another Twist of the Knife: Introducing a New Death Tax
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May 1, 2021, 10:29 AM·28 min read
The devil is in the details, and while, when it comes to the Biden tax plan, Old Nick is not just lurking in the small print, one particular technical-sounding change proposed by the president is rightly attracting some attention: that is the plan to scrap the long-standing principle that if someone inherits an asset, his or her basis cost in that asset for capital-gains-tax purposes is not the price that the deceased may have paid for it (or its value when it came into the deceased’s ownership) but its market value at the time of the deceased’s death, a “break” that can be justified on grounds of basic fairness. That’s the case for various reasons, but one of the most obvious is that estate tax may well, in the case of the wealthiest, also be payable on what is left after the capital-gains tax has been paid. ....

New York , United States , Beverly Hills , Environmental Protection Agency , District Of Columbia , The White House , Phil Klein , Alice Rivlin , Benjamin Zycher , John Cochrane , Robert Verbruggen , Philip Klein , Dan Mclaughlin , Richard Rubin , Joe Biden , Jonathan Williams , Monica Howard Douglas , Laura Kelly , Allison Herren Lee , Brian Riedl , Ken Van Leeuwen , Dan Pearson , Dave Trabert , Dan Kim , Davidl Bahnsen , Kevin Hassett ,

The human story behind the Robinhood frenzy - With Insights from The Wall Street Journal


Investing can be a wild ride, especially when the stakes are heightened by a potentially life-changing gamble. When the Gamestop frenzy hit the media, traders were faceless users on a social media app.  Now three ordinary people, with everyday jobs, debt and family obligations are giving Robinhood Traders a face and a relatable story. Rachel Louise Ensign of The Wall Street Journal writes about their investments, gains and breathtaking losses, which were so much more than numbers on a spreadsheet. Chris Garcia equated the rush of trading to video gaming but the trio’s real-world experience held valuable lessons which changed their perspectives on the game of chance. – Melani Nathan ....

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CNN reporter reveals death of son, 2, from brain cancer: 'I am forever changed'

CNN reporter reveals death of son, 2, from brain cancer: 'I am forever changed'
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