Supreme Court Holds Life Insurance Proceeds Paid to Closely-Held Corporation to Fund Buy-Sell Agreement Increases Estate Tax on Deceased Shareholder’s Estate

In Connelly v. U.S., 144 S.Ct. 1406 (June 6, 2024), the United States Supreme Court upheld an estate tax deficiency of $889,914 in a decision that will impact many families and…

Gold Steadies Ahead of Inflation Data as Traders Await Rate Cut

(Bloomberg) — Gold steadied after a two-day advance ahead of US inflation data that may offer clues on the size of the Federal Reserve’s expected rate cut next week. Most…

Oil Stages Modest Rebound After Global Demand Concerns Spur Rout

(Bloomberg) — Oil staged a modest rebound after tumbling to the lowest level since late 2021, with an industry group flagging a drop in US stockpiles. Most Read from Bloomberg…

Ozempic Maker Sued Over Claims the Drug Led to Woman’s Colon Removal

A woman is suing the maker of Ozempic after she says severe side effects led to the removal of her colon. She claims she was not warned that this was…

Women Will Be Notified Of Breast Density After a Mammogram: What to Know

The FDA will now require all mammography reports to include whether a person has breast density. Breast density is considered a risk factor for breast cancer and can make it…

California Legislature Sends Governor Bill Prohibiting Employer ‘Captive Audience’ Meetings

On August 31, 2024, the California Legislature passed the California Worker Freedom from Employer Intimidation Act, Senate Bill (SB) No. 399. The bill heads to Governor Gavin Newsom, who has…

Instant view: Fed’s Barr unveils sweeping bank capital plan revisions after pushback, delays

NEW YORK (Reuters) – The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects…

A case for a 50 basis point rate cut could be made: Goldman Sachs chief economist

The Federal Reserve front-loading interest rate cuts to reignite a slowing US economy is still a possibility. "I wouldn't rule out 50 basis points, but 25 basis points strikes me…

Dow Jones Today: S&P 500, Nasdaq Gain as Market Looks to Extend Rally

Oracle Jumps After Earnings, AWS Partnership 3 hr 42 min ago Oracle (ORCL) shares surged in more than 8% in premarket trading Tuesday after the enterprise software company posted better-than-expected fiscal…

Fed’s Barr to unveil Basel plan after industry pushback, regulatory delays

By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve's regulatory chief on Tuesday will outline how officials plan to advance the Basel Endgame bank capital hikes after intense industry opposition…