The New Billionaire Tax in Democrats’ Sights

Billionaires on the hook? As Democrats race to find ways to pay for President Biden’s social spending plans — particularly as one of their own, Senator Kyrsten Sinema of Arizona, blocks efforts to raise corporate and individual tax rates — they’re increasingly turning their eyes to a different kind of tax. Billionaires could be taxed …

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This Hedge Fund Manager Dumped Trump

Not playing the Trump card News that Donald Trump was bankrolling a new media venture through a SPAC deal sent shares in the blank-check fund soaring some 350 percent. Much of that probably came from individual fans of the former president plowing into the vehicle, Digital World Acquisition. But at least one of the SPAC’s …

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The New York Times DealBook Online Summit

Join us for two extraordinary days, celebrating the 20th anniversary of DealBook. We’re bringing together some of the most influential minds in business, policy and culture to take stock of a world in the midst of rapid reinvention, grappling with the ripples of Covid and rewriting the rules in real time.  What happens next, happens …

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WeWork stock will start trading Thursday, two years after an aborted I.P.O.

Two years after WeWork’s attempt to become a public company flamed out spectacularly, the co-working giant will start trading on the stock market on Thursday, hoping that investors will now believe in its prospects. The earlier effort collided with concerns about WeWork’s breakneck growth, its huge losses and the alarming management style of its co-founder …

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The True Cost of Upgrading Your Phone

Let’s talk about buying an iPhone for $1,000. Tim Cook, Apple’s chief executive, once compared this eye-popping price tag to buying a cup of coffee a day over a year. No big deal, right? But financial advisers see this differently. By some estimates, an investment of $1,000 in a retirement account today would balloon to …

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Meet the Lineup for the DealBook Online Summit

Exclusive: Highsnobiety is exploring a sale Highsnobiety, the online magazine focused on high-end streetwear, has hired the investment bank LionTree to weigh a sale after interest from potential suitors, DealBook hears. Highsnobiety expects to bring in about $60 million in revenue this year and could see interest from media brands or online retailers enticed by …

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Boeing Deepens Probe Into Astronaut Capsule Woes, Prompting More Delays

Boeing’s second chance to test launch its troubled astronaut capsule to the International Space Station was delayed again, possibly until the middle of 2022, as NASA and the aerospace giant go to new lengths to investigate problems with the spacecraft’s fuel valves. The postponement adds to the woes of Boeing’s Starliner spacecraft, a striking contrast …

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The S.E.C. Weighs In on Meme-Stock Mania

Market mechanics The frenzied trading in shares of GameStop, AMC and other so-called meme stocks in January led to big losses for some hedge funds, an outcry from retail investors who were abruptly shut out from trading and calls from Capitol Hill to overhaul market rules. But a long-awaited S.E.C. report about those events, released …

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