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History says Biden’s planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs | Markets – Business Insider

History says Biden’s planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

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  • Joe Biden’s planned capital-gains tax may put immediate selling pressure on stocks, according to Goldman Sachs.
  • In a Friday note the firm explained that the last capital-gains tax hike in 2013 sparked a stock sell-off worth roughly $100 billion from wealthy individuals.
  • However, those individuals who sold quickly bought back stocks only a few months later, leading Goldman to conclude that the household selling around tax hikes will be “short-liv…

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Woman in her 30s dies of COVID-19 aboard airplane | TheHill – The Hill

Officials confirmed Sunday that a woman in her 30s died of the coronavirus while aboard an airpla…

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Officials confirmed Sunday that a woman in her 30s died of the coronavirus while aboard an airplane awaiting takeoff in July, according to BuzzFeed News.
The unidentified woman was having trouble breathing and was given oxygen before she died, according to NBC 5 DallasFort Worth. Its unclear if the Garland, Texas, resident was aware she was infected with the virus before boarding the aircraft, which was heading from Arizona to Texas. She did have underlying high-risk health conditions, accordin…

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Mics to be cut off at Thursday’s presidential debate to allow 2-minute answers – MarketWatch

Commission unveils format, with new rule to allow uninterrupted responses; no mute button for open discussion part of debate

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WASHINGTON President Donald Trump and Democrat Joe Biden will have their microphones cut off in Thursdays debate while their rival delivers their opening two-minute answer to each of the debate topics.The 90-minute debate is divided into six 15-minute segments, with each candidate granted two minutes to deliver uninterrupted remarks before proceeding to an open debate. The open discussion portion of the debate will not feature a mute button, but interruptions by either candidate will count towar…

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Jim Cramer says these 7 ‘thesis’ stocks, including Peloton and Netflix, will go higher until coronavirus is controlled – CNBC

“Earnings themselves are simply an abstraction for these thesis stocks and any disappointment is simply one more reason to buy them,” CNBC’s Jim Cramer said of …

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Stocks such as Peloton and Netflix are likely to continue moving to the upside during the coronavirus pandemic, CNBC’s Jim Cramer said Monday, even though the persistent strength sometimes defies fundamental metrics.
“Until we turn the corner on the pandemic, the earnings themselves are simply an abstraction for these thesis stocks and any disappointment is simply one more reason to buy them,” the “Mad Money” host said.
Cramer said Peloton and Netflix are among a group of stocks he’s dubbed th…

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