House Republican tax bill favors the rich — how much they stand to gain, and why

Key Points

A tax and spending package passed Thursday by House Republicans funnels the bulk of its financial benefits to wealthy households, according to economists and tax experts.
The rich benefit via a slew of tax cuts tied to businesses, the SALT deduction, the estate tax, income tax rates and opportunity zones.
Lower earners would be worse off, on average, due to cuts to programs like Medicaid and SNAP (formerly known as food stamps), analyses show.

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Finance

Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds

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Key Points In March, Saba offered liquidity to investors who were locked in Blue Owl Capital Corporation II, a non-traded private credit fund, at a 35% discount. Investors in Starwood Real Estate Income Trust were also made a similar offer at a 24% or 29% discount, based on the share class. On Monday, Saba said […]

Finance

Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more

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Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]

Finance

Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

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Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source