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The Trump-Biden stock market rally, decoded. Brian Sozzi. November 17, 2024 at 8:31 AM ... Why were they more bullish on the business of doing business today compared to outgoing president Joe Biden?
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform.
If Trump makes all the TCJA's income-tax provisions permanent, middle-income Americans would get a tax break of about $1,000, while the top 0.1% of earners would see a cut of nearly $280,000, a ...
Here's what else happened today: The stock market's Trump bump could end once Treasury yields reach 5% , JPMorgan says. Trump's proposed trade war boosts chances of a US recession to 75% ...
That comes as Trump has vowed to make his 2017 tax cuts permanent, while Biden has said he would let the cuts expire but wouldn't let taxes go up for Americans who earn less than $400,000 a year.
This was Biden's fourth presidential campaign, and was his first as the incumbent. [36] His first campaign was in the 1988 Democratic Party presidential primaries.While he was initially considered one of the strongest candidates in that race, a scandal broke soon thereafter when news reports uncovered plagiarism by Biden in law school records and in speeches.
President Biden long tried to avoid presidential releases touting stock highs. Then came a series of new market landmarks and the opportunity to bait Trump in an election year.
Stages 2 and 3: Blaming Biden as the market turns south and downplaying a rebound The years 2022 and 2023 were bumpier times for markets. The S&P 500 closed at a record high of 4,796.56 on Jan. 3 ...