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The last-minute election campaign of US Vice President Kamala Harris is gathering momentum, not least after an endorsement from former President Barack Obama. Despite still needing to officially clinch the Democratic nomination, she is viewed as the frontrunner for the ticket. A big question remains however: who will be her VP pick? Arizona Senator Mark Kelly has emerged as a lead candidate for many: the former astronaut and US Navy pilot is seen as a centrist voice in Congress. Yahoo Finance’s Josh Lipton, Ben Werschkul and Rick Newman got into that conversation. “It would be kind of a zag” says Washington correspondent Ben Werschkul, adding that the “signal you could send with Mark Kelly is a state like Arizona could be in play”. Ben adds that having been a key part of the CHIPS and Science Act, Kelly “would become an instant conduit to the business world”.Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.Watch the full show here.
Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. “With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed,” the declaration said after the two-day meeting in Rio de Janeiro. Brazil has made a proposal to impose a 2% minimum tax on billionaires a top priority of its presidency of the Group of 20, ahead of the Nov. 18-19 summit in Rio.
Today, the Honourable Harjit S. Sajjan, President of the King's Privy Council for Canada and Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada, issued the following statement:
June's PCE inflation data came in line with expectations, and showed inflation modetaing at a 2.6% rise year-to-year.
Consumer sentiment moved lower again in July, despite improving expectations on inflation. Survey data showed lower-income earners are starting to feel worse about economic conditions, while sentiment remains elevated for higher earners.
Temperatures for June and the first two weeks of July were higher than average. June 2024 was the second-warmest June on record.
The Prime Minister has said the threat of further strikes is an important consideration in responding to the review bodies’ recommendations.
Warner Bros. Discovery's (WBD) filed a lawsuit against the NBA after it rejected the media giant's matching offer to maintain the rights to broadcast and stream games after next season. Sportsimpacts CEO Patrick Rishe joins Asking for a Trend to break down the news and how it will impact the media giant. "I suspect that ultimately one of two things will happen: Either the NBA will win this case and Discovery and Turner will no longer cover NBA games after this season Or, there could be some compromise and maybe a fourth tier of games is packaged to allow them to come back in and still be part of the equation," Rishe explains. He calls WBD passing on making a bid in the first place a "calculated risk" — especially as the NBA "recognizes that streaming is the future in bringing in younger fans." With this emphasis on streaming, Rishe suspects that it was the primary motivation for going with the Amazon (AMZN) bid. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Melanie Riehl
The global automotive dampers market size is estimated to grow by USD 4.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.12% during the forecast period. Growth in production volume of passenger vehicles is driving market growth, with a trend towards increasing developments in automotive damper. However, use of faulty dampers leading to vehicle recalls poses a challenge. Key market players include ANAND Group, Asia America Industrial Manufacturing
Experts discuss bitcoin's decade ahead, envisioning legal frameworks and increased adoption by public companies and sovereigns.