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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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Virus is pummeling Europe’s eateries — and winter is coming – The Associated Press

HEIKRUIS, Belgium (AP) — As the Friday night dinner service began earlier this month at the De Viering restaurant outside Brussels, it seemed the owners’ decision…

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HEIKRUIS, Belgium (AP) As the Friday night dinner service began earlier this month at the De Viering restaurant outside Brussels, it seemed the owners decision to move the operation into the spacious village church to comply with coronavirus rules was paying off. The reservation book was full and the kitchen was bustling.
And then Belgiums prime minister ordered cafes, bars and restaurants to close for at least a month in the face of surging infections.
Its another shock, of course, because yes,…

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Apple, Google and a Deal That Controls the Internet – The New York Times

In a landmark antitrust complaint, the Justice Department is targeting a secretive partnership that is worth billions of dollars to both companies.

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A former Google executive, who asked not to be identified because he was not permitted to talk about the deal, said the prospect of losing Apples traffic was terrifying to the company.
The Justice Department, which is asking for a court injunction preventing Google from entering into deals like the one it made with Apple, argues that the arrangement has unfairly helped make Google, which handles 92 percent of the worlds internet searches, the center of consumers online lives.
Online businesses like…

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Builder of global tech giant Samsung, Lee Kun-hee, dies at 78 – The Washington Post

No cause of death was given, but he has been hospitalized since a 2014 heart attack.

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Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business, the statement said Sunday.
How Samsung moved beyond its exploding phones
Under Lees three decades of leadership, Samsung Electronics transformed from a small television maker into the worlds biggest producer of smartphones, electronic displays and memory chips. Since he inherited the company in 1987 from his father Lee Byung-chul who founded Samsung as a small…

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