France’s Millionaire Tax Failed – So Will AOC’s Green New Deal

It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012. Then, President Francois Hollande instilled a 75 percent “supertax” on all income exceeding $1.12 million. Two years …

Dow Plots 290 Point Rally Despite US Government Shutdown Standoff

The Dow Jones Industrial Average and other US stock market indices appear poised to snatch back a portion of yesterday’s massive losses, even as Congress and President Donald Trump continue to dig in their heels on the proposed border wall funding that has prevented the federal government from ending the partial government shutdown. Dow, Nasdaq, …

Dow Futures Crash 300 Points on Apple’s Mainland China Woes

US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts on Thursday As of 8:08 am ET, Dow futures had shed 301 …

Nasdaq Futures Plunges 1.75% on Weak Chinese Data; Bitcoin Surges

Nasdaq Futures kicked off on a bearish note this Wednesday as signs of weak economic data from China impacted the US markets. The index has fallen by 116.60 points, down 1.84% at 6,216.75 after closing 2018 on an annual loss of 4.72%, according to CNBC data. Futures for the Dow Jones Industrial Average are also …

Dow Jones in Bear Market Territory, Why White House Failed to Ease Investors

This week, the Dow Jones recorded a steep sell-off from 23,970 points to 21,846 points, amidst global economic instability and uncertainty. Since achieving an all-time high at 26,828 points on October 3, the Dow Jones has fallen by 5,036 points to 21,792 points, by 18.77 percent. In the traditional financial market, a 20 percent decline …

Bitcoin Bomb Threats Target Educational Institutions, Businesses and Govt. Buildings in US, Canada

Hundreds of government buildings, schools and businesses in the United States and Canada were on Thursday targets of extortionists who threatened to detonate explosives unless they were paid thousands of dollars in bitcoin. In most of the emailed bomb threats, the sender claimed that they had an associate who had planted an explosive device at …