President Joe Biden is expected to propose a new minimum tax primarily aimed at billionaires when he unveils his 2023 budget, according to a document obtained by CNBC.
Dubbed the "Billionaire's Minimum Income Tax," it would tax U.S. households worth more than $100 million at a rate of at least 20 percent. More than half of the revenue may come from businesses worth more than $1 billion.
"This minimum tax will ensure tha...

Russia wants "unfriendly countries" to pay for Russian natural gas in rubles. That's a new directive from President Vladimir Putin as he attempts to leverage his country's in-demand resources to counter a barrage of Western sanctions.
"I have decided to implement ... a series of measures to switch payments — we'll start with that — for our natural gas supplies to so-called unfriendly countries into Russian rubles," Putin said in ...

Do you believe in Cathie Wood?
Wall Street's star stock picker has seen her fortunes wane over the past year as her flagship tech innovation fund slid more than 50%, losing $13 billion in market value.
Wood, one of the few prominent female fund managers on Wall Street, is facing one of the greatest challenges of her professional career: how to show the world that she is simply more than the face of what some are calling the pandemic bubble...

Wood’s Ark Invest ETF and Berkshire Hathaway are often seen as prime examples of two very different investment styles — growth and value respectively. The reversal of their share prices reflects a jarring rotation between the two tribes in recent years.
Wood’s Ark Invest ETF and Berkshire Hathaway are often seen as prime examples of two very different investment styles — growth and value respectively. The reversal o...