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.

Source

Finance

Too early to bet against AI trade, State Street suggests

November 8, 2025

ETF Edge Too early to bet against AI trade, State Street suggests Published Sat, Nov 8 202511:00 AM EST Blair Bao WATCH LIVE Source

Finance

Fed’s Miran says stablecoin surge could help push interest rates lower

November 7, 2025

Key Points Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. “Stablecoins may become a multitrillion-dollar elephant in the room for central bankers,” Miran said during a speech in New York. Source

Finance

Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more

November 7, 2025

Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came IN below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32% […]