Author: prosperplanetpulse.com
If inflation continues to decline, this could impact your gold investment strategy. Bjorn Wierzich/Getty Images Time Latest Inflation Report The data, released this week, came as good news for many Americans: Inflation, which unexpectedly rose in early 2024, fell again in June to 3.0%. A decrease of about 0.1% This marks the third consecutive month of month-on-month declines and the fastest inflation decline since June 2023. And every time inflation falls, it moves closer to the Fed’s 2% target, increasing the likelihood of future Fed rate cuts. But even if the Fed keeps interest rates steady at its next meeting,…
NEW YORK (AP) — U.S. stock indexes rose toward record highs on Friday, capping off a recent week of gains, after some mixed signs on big bank profits and inflation.The S&P 500 was up 0.9% in midday trading, on track to surpass the all-time high it set on Wednesday. The Dow Jones Industrial Average was up 342 points, or 0.9%, as of 11:50 a.m. Eastern time, and the Nasdaq Composite was up 1.1%.Bank of New York Mellon rose 4.9%, the market’s biggest gainer, after it reported spring profits that beat analysts’ expectations. Nvidia and several other highly influential big tech…
Want to track the biggest startup funding deals of 2024 with a curated list of $100 million+ venture deals for U.S.-based companies? Check out the Crunchbase Megadeals Board . After a quiet holiday week, investors are back on the move, pumping big bucks into robotics, biotech, healthcare and other startups, with six funding rounds bringing in nine figures, which could bode well for startups heading into the rest of the summer. 1. Skild AI, $300 million, robotics: A strong year for robotics startups continued this week. Skild AI became the latest startup to raise big funding, closing on $300 million…
BUFFALO — An Ithaca startup is among the Upstate companies that LaunchNY has invested in. Ithaca-based CareTech Human is one of three companies to receive $175,000 from LaunchNY, which also invested in Rochester-based Telos Air and Buffalo-based Edenesque. CareTech has developed a small device that users can place above their heads. […] BUFFALO — An Ithaca startup is also among the upstate companies that Launch NY has invested in. Ithaca’s Caretech Human is one of three companies to use $175,000 from Launch NY. The company has also invested in Rochester’s TelosAir and Buffalo’s Edenesque. Caretech developed a small device that…
In the United States, academic institutions typically take a small stake in spin-off companies in exchange for a license to the patents, typically in the range of 5% to 10%. The Bayh-Dole Act of 1980 gives universities the right to patent technologies developed with federal grants, providing an incentive for universities to pursue technological innovation.The UK is gradually moving to a similar system, taking decreasing percentages of shares depending on whether the technology being developed can be patented: the University of Bristol, for example, plans to take up to 20% from “IP-intensive” companies developing medicines, 5% from software-only companies with…
“Telehealth Trends” focuses on state legislative and regulatory developments that impact healthcare providers, telehealth and digital health companies, pharmacists and technology companies involved in delivering and facilitating virtual care. Past week trends: Insurance and Medicaid Reimbursements Behavioral and Mental Health Learn more Final legislation and rulemaking: in PennsylvaniaThe Governor signed SB 739, which amends Article 40 (Insurance) of the Pennsylvania Consolidated Code to require health insurers and Medicaid and CHIP managed care programs to provide coverage for health care services delivered through telehealth using HIPAA-compliant technology. The bill provides a definition of telehealth and health insurance and Medicaid coverage requirements…
Former President Donald Trump is aspiring to become the oldest person ever elected president, which would make him the oldest president if he is re-elected in January.I’ll admit, when I think of Trump, age isn’t the first thing that comes to mind. It’s the bombastic attitude that comes to mind, and that’s where the insults begin if you’re not one of his supporters. Trump has been an artificially unhealthy orange color for some time now. Hair is always hair. As a native New Yorker, I’ve lived with it for a long time.Meanwhile, President Joe Biden is a man who has…
Stronger investment banking and capital markets activity boosted the first set of second-quarter results released by U.S. banks today. Citigroup’s investment banking revenue rose 60% year-on-year to $853 million in the three months to the end of June, and its quarterly profit beat analyst expectations, while JPMorgan’s quarterly banking fees rose to $2.3 billion, also beating analysts’ expectations, and equity trading and fixed-income revenue rose 21% and 5%, respectively, from a year earlier. Merger and acquisition value is expected to reach $1.6 trillion in the first half of 2024, up 17% from a year earlier, according to data provider Mergermarket.…
U.S. stock indexes are climbing toward records following some conflicting signals on big bank profits and inflation.by By Stan Choe AP ​​Business ReporterJuly 12, 2024, 4:24 AM• 4 min readNEW YORK — U.S. stock indexes rose toward record highs on Friday, capping off a recent week of gains, following some mixed signs on big bank profits and inflation.The S&P 500 was up 1.2% in afternoon trading, on track to surpass the all-time high it hit on Wednesday. The Dow Jones Industrial Average was up 449 points, or 1.1%, as of 2:06 p.m. Eastern time, and the Nasdaq Composite was up…
President Joe Biden vowed to raise taxes on the wealthy and corporations during a campaign rally in Philadelphia on April 18. (Drew Hallowell/Getty Images) One of the Biden administration’s most egregious budget proposals would impose a new tax of at least 25% annually on unrealized gains on Americans with income and assets over $100 million. Taxing unrealized gains would be an entirely new prospect, and if the Biden administration is successful, it would impose penalties on individuals who hold assets that have appreciated in value, regardless of whether the assets are sold. But the tax proposal is included in President…