Tax Policy & Legislation - Rhode Island passed a "Taylor Swift tax," officially the non-owner occupied property tax, targeting luxury second homes [1] - The tax applies to homes worth over $1 million USD not occupied full-time, starting July 2026 [2] - The tax rate is $2.50 USD for every $500 USD of value exceeding $1 million USD [2] - A $2 million USD beach house would owe approximately $5,000 USD extra annually [3] - Exemptions exist for properties rented out for more than 183 days a year [3] - The $1 million USD threshold will adjust for inflation by mid-2027 [3] Market Trends & Potential Impact - Other states like Massachusetts, California, Maine, and Montana are considering similar measures targeting second homeowners [4] - The success of Rhode Island's tax in generating revenue without harming its luxury market could lead to adoption by other states [4]

What goes into determining your mortgage rate. The answer might be more complicated than you think. Mortgage rates closely follow the bond market, especially 10-year Treasury yields.Those yields move for all sorts of reasons, usually based on expectations about the economy and inflation. When the economy looks shaky, bond yields usually fall, and that can make mortgage rates fall, too. On the flip side, when there's really good economic data, bond yields usually rise, and then mortgage rates rise as well. S ...

Elon Musk, the trillion dollar man. Tesla unveiling an IPOP and pay package for its CEO with a series of ambitious benchmarks the company must meet to unlock the compensation and an increased stake in the EV giant. Join me now got Steven Jenaro Stifl nextgen transport analyst and go to Makunda Yale School of Management lecturer and author of picking presidents.Stephen, I'm going to start with you as a financial analyst on this panel. You of course Stephen you know this company backwards and forwards. What d ...

Well, time is running out to take advantage of two tax breaks that President Trump's one big beautiful bill did away with. Joining me now is senior autos reporter Pros Romanian and senior reporter Emma Aerman. So, Proz, let's start with you here.The electric vehicle tax credit coming to an end on September 30th. What is this tax credit and how can American consumers take advantage of this before that deadline. you know, so Biden's uh uh the uh the act that insued this tax credit 7,500 bucks per EV uh was ve ...

You know who has not done their job. The Fed. Jerome Pal needs to do his job and cut those interest rates.Now, what is he waiting for. He knows uh uh the data. He knows how important this is.And if it's a political move, it's nonsense. He needs to to go ahead and move forward and cut those rates. ...

Denim Market Trends - Denim is experiencing a resurgence, with collaborations resonating with consumers and driving trends [5][6] - Western wear is gaining popularity and influencing denim trends [4][5] - Gap's denim campaigns and upgrades are leading to more full-price sales [7][8] - Levi's is experiencing higher average selling prices and less discounting due to effective campaigns [8][9] Brand Performance & Strategies - American Eagle's Sydney Sweeney campaign has been highly effective, driving sales despite controversy [1][9] - Gap's collaboration with K-pop group Cats Eye has driven record-breaking response for the brand [2][3] - Athleta is struggling to regain its "cool factor" and compete with brands like Bori, Aloe, and Lululemon [10][11] - Lululemon is experiencing a slowdown in the US due to increased competition and brand dilution [11][12] Retail Outlook & Challenges - Apparel brands anticipate price increases due to tariffs, potentially up to 15% [13][19] - Value-oriented retailers like TJX, Costco, and Walmart are expected to perform well as consumers trade down due to inflation [19] - Brands like Ralph Lauren and Coach have been successful in selling at full price and raising average selling prices [15] Potential Opportunities - Taylor Swift is suggested as a potential celebrity for future denim or other brand campaigns [18] - Nike is showing signs of a comeback with more full-price selling [16]

Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. Stocks reversing core sharply as investors are taking in a softer than expected jobs report and eyeing a Fed rate cut within reach. We're digging into those stories. It is of course the last trading day of the week and there's just an hour to go until the closing bell. Stocks bit softer here. The Dow's down about 220 points. The S&P 500, your broad gauge is down about half a percent. The NASDAQ down about 2/10en of a per ...

[Music] It's an AI dominated world now and Nvidia's chips are leading the way. Yet, most people still know the company for its gaming chips. On today's Stocks and Translation, we're going to show you how the money engine at the world's largest company by market cap has shifted and why it matters for investors.Fi first a quick visual on Nvidia's data center, which is basically its AI business versus its gaming business. First, let's focus on the left, which covers the data center. It's a warehouse of network ...

Generally speaking, we have a fairly weak uh jobs report here. We have all the indications that employers are being very cautious uh with who they hire and how much talent they want to retain on hand. One interesting note uh in the revisions is that we actually have the first payroll decline uh post pandemic in June with the loss of 13,000 jobs.So there have been some significant downward revisions over the course of the past few months. We are on a trajectory where the labor market is not collapsing but it ...

You know, I'm going to be speaking to the European Union, but it's not fair. Google just got fined $3.5% billion and they've already paid 13 billion. They're up to 16.5% billion dollars.And people say there was nothing wrong with what they did. It's almost a source of income to run Europe. It's become a source of income and many other companies too, mostly tech companies.But we can't let that happen. No, I can just say you can't do that. I mean, you know, they respect us now.I don't hear that about China an ...