Author: Umar Hashmi

Top Picks

Harris’ rise in polls sparks wave of wealth transfers to kids

Under current law, individuals can transfer up to $13.61 million (and couples can send up to $27.22 million) to family members or beneficiaries without owing estate or gift taxes. But that benefit is set to expire at the end of 2025. That means ultra-wealthy investors are considering their inheritances and the trillions of dollars set to pass from older to younger generations in the coming years. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given fears of a higher estate tax, according to advisors and tax attorneys. The scheduled “sunset” of a…

Read More
Cryptocurrency

New details of Trump family crypto project released, including who can buy in

The team behind World Liberty Financial, the Trump family’s new crypto project, have unveiled a key detail: Who can buy the forthcoming tokens it plans to release, and how shares will be allotted. Twenty percent of the project’s tokens will be allotted to the founding team, 17% of tokens will be set aside for user rewards, and the remaining 63% of the coins will be available for the public to purchase. For over a month, Republican former President Donald Trump and his family have been pumping up the secretive digital currency platform, promising that it will do many things at…

Read More
Commodities

Gold falls as CPI data dampens talk of oversized U.S. rate cut

Gold prices fell on Wednesday as the dollar and Treasury yields firmed after U.S. inflation data prompted investors to scale back expectations of an oversized rate cut from the Federal Reserve next week. Spot gold was down 0.1% at $2,513.19 per ounce. U.S. gold futures settled mostly unchanged at $2,542.40. U.S. consumer prices rose only slightly in August, but underlying inflation showed some stickiness, which could dissuade the Fed from delivering a half-point interest rate cut next week. “Inflation is still here. The consumer is still feeling it. If they do a half, it signals they’re throwing in the towel here……

Read More
Top Picks

What we know about Vice President Kamala Harris’ gun

WASHINGTON, Sept 13 (Reuters) – Democrat Vice President Kamala Harris said during Tuesday’s debate with Republican Donald Trump that she owns a gun, a revelation that surprised some voters but carried a deliberate political message. Harris owns a handgun for personal safety reasons, and it is stowed away in a secure location at her California home, a White House source said on Friday. The source declined to identify the make of gun, but said it is the same gun Harris mentioned in 2019 on the campaign trail. KEY QUOTES “This business about taking everyone’s guns away — Tim Walz and…

Read More
Top Picks

Venezuela says US Navy SEAL among foreigners arrested over alleged CIA ‘operation’ to assassinate Maduro

Venezuela says it has arrested six foreigners, including a US Navy SEAL, for an alleged plot to “destabilize” the country that has been in crisis since disputed elections earlier this year. Interior minister Diosdado Cabello claimed that the alleged plot was led by the CIA, and aimed at assassinating the country’s leader Nicolás Maduro. The US State Department rejected the claim as “categorically false.” The accusation comes as Venezuela’s opposition, multiple Latin American leaders and the United States refuse to recognize Maduro’s disputed election win, which has been followed by deadly protests during which thousands were arrested. In a news conference on Saturday,…

Read More