Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.Investment firms successfully defended the carried interest tax exemption before. Can they do it again?Sarah Yenesel/EPA, via ShutterstockWe’ve…

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DeepSeek Prompts a Reckoning Across Wall Street and Silicon Valley

  • Post category:Finance

The fast-growing popularity of the Chinese artificial intelligence software hit shares in tech giants like Nvidia, as Silicon Valley worried about what comes next.“DeepSeek, what will happen on Wall Street and in Silicon Valley today?”Greg Baker/Agence France-Presse — Getty ImagesGood morning…

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Musk and Zuckerberg Reflect New Blows Against D.E.I. Policies

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Corporate policies concerning diversity, equity and inclusion, already under pressure from conservatives, are facing greater threats from allies of the president-elect.Corporate initiatives to promote diversity, equity and inclusion appear under fire more than ever.Doug Mills/The New York TimesThe war on D.E.I.…

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Elon Musk, Mark Zuckerberg and Jeff Bezos to Attend Trump’s Inauguration

  • Post category:Finance

Billionaire business leaders, including Mark Zuckerberg, Jeff Bezos and Elon Musk, plan to make prominent appearances at Donald Trump’s inauguration next week.Business leaders plan to flock to Washington for next week’s inauguration to show their support for Donald Trump.Jon Elswick/Associated PressBezos,…

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The Fallout from U.S. Steel

  • Post category:Finance

Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.Nippon Steel’s politically fraught efforts to acquire U.S. Steel appear dead.Lawrence Bryant/ReutersThe end of a troubled takeover bidPresident…

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