Ron Wyden’s Plan to Gut Capital Markets – The Wall Street Journal

Sen. Ron Wyden’s proposed “billionaires tax” on accumulated capital gains got thrown out of the latest version of the massive spending bill—but not before winning the endorsement of President Biden and Treasury Secretary Janet Yellen. It’s disturbing that they would even consider a plan that would put a stake in the heart of U.S. capital… Continue reading Ron Wyden’s Plan to Gut Capital Markets – The Wall Street Journal

Asian markets mixed as China reports trade growth – MarketWatch

BEIJING — Asian stock markets were mixed Monday after Wall Street hit a new high and China reported a double-digit rise in exports. The Nikkei 225 NIK, -0.35% in Tokyo fell 0.1% while the Shanghai Composite Index SHCOMP, +0.17% edged 0.1% higher. The Hang Seng HSI, -0.76% in Hong Kong lost 0.6%. The Kospi 180721,… Continue reading Asian markets mixed as China reports trade growth – MarketWatch

U.S. IPO market bracing for 13-deal week that includes eco-friendly shoe company Allbirds and personal finance site NerdWallet – MarketWatch

The U.S. initial public offering is bracing for another week of double-digit deal flow with 13 companies expected to come to market to raise at least $2.7 billion. That’s down from last week’s $6.3 billion haul, as none of this week’s deals are expected to top $1 billion in proceeds, although many will have a… Continue reading U.S. IPO market bracing for 13-deal week that includes eco-friendly shoe company Allbirds and personal finance site NerdWallet – MarketWatch