Why Biden’s 4% buyback tax could boost stock prices and dividends

The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that went into effect on Jan. 1. This tax has set off alarm bells in some corners of Wall Street, on the … Read more

The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.

The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-straight monthly consumer-inflation reading that showed diminishing price gains. Expect Fed Chairman Jerome Powell to temper the market’s enthusiasm, however, when he … Read more

Opinion: Opinion: The annual inflation rate was not 7.1% in November; it was 3.7%

The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday. With the relatively benign report on the consumer … Read more

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Kroger is the top U.S. supermarket operator by sales. Photo: elijah nouvelage/Agence France-Presse/Getty Images Updated Dec. 10, 2022 3:16 pm ET A Washington state judge on Friday extended a temporary restraining order blocking a $4 billion dividend that Albertsons ACI -0.88% Cos. planned to pay its shareholders amid its plans to be bought by Kroger … Read more

The Lesson of Blackstone’s Retail Real Estate Fund: Liquidity Matters.

The recent move by Blackstone giant retail real estate fund to limit redemptions after outsize withdrawal requests is a wake-up call for investors in a once-hot sector that may now face more regulatory scrutiny. Blackstone Real Estate Income Trust, known as BREIT, wasn’t supposed to offer surprises. The $69 billion BREIT, the leader among nontraded … Read more

Mark Zuckerberg’s Metaverse Plans Run Into a Big Roadblock

When Mark Zuckerberg set his company on the path to the metaverse he must have known that there was no turning back.  Changing his company’s name from Facebook (a brand name that was recognized globally) to Meta drove the point home. Social media on devices with screens represents the past. The future lies in virtual … Read more

ASCI to step up focus on prevention of misleading ads

The Advertising Standards Council of India (ASCI) will be stepping up focus on prevention of misleading advertisements as well as evolving its guidelines in line with the fast-paced changes in the advertising sector. Over the past two years, the self-regulatory industry body has brought in several new guidelines to tackle issues in emerging areas such as real money gaming, … Read more

Exxon CEO Warns Biden Administration Against Limiting Fuel Exports

Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon told the Energy Department this week that the oil industry shouldn’t slow fuel shipments in favor of putting more in … Read more

‘Grotesque’ Russian disinfo campaign mimics Western news websites to sow dissent – POLITICO

Press play to listen to this article In Germany, news magazine Der Spiegel warned about natural gas shortages. In the United Kingdom, the Guardian, another media outlet, raised doubts about Russian war crimes in Ukraine. In Italy, Ansa, a leading news agency, criticized Kyiv’s storage of much-needed grain. These news stories were all promoted extensively … Read more

Vitalik Buterin on What’s Next for Ethereum After the Merge

GL: You’ve written a lot about governance and I’m interested in the potential uses of blockchains for governments and societies. What is the potential of using decentralized systems like Ethereum for running decision-making on social issues, and not necessarily crypto-related issues? I think blockchains can be a good technical infrastructure for running a lot of … Read more