logo
Bloomberg Invest Hong Kong Highlights

Bloomberg Invest Hong Kong Highlights

Bloomberg4 hours ago

Held in Hong Kong, Bloomberg Invest convenes allocators, dealmakers, and investors from across Asia. Powered by one of the world's largest newsrooms, the 2025 event highlighted the most influential voices discussing the impact of tariffs on markets, opportunities across private assets, and tensions over US-China tech. (Source: Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached
Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached

Yahoo

time15 minutes ago

  • Yahoo

Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached

(Bloomberg) -- President Donald Trump amped up pressure on Congress to speed the passage of his tax-cut bill as Republicans reached a tentative deal on the state and local tax deduction, one of the key sticking points in the negotiations. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown Sao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City Center 'The House of Representatives must be ready to send it to my desk before July 4th — We can get it done,' Trump said on Truth Social Friday. The new deadline — before July 4 — is somewhat of a reversal for the president who, hours earlier told reporters that it wouldn't be the 'end-all' if negotiations took it a little longer to pass the self-imposed Independence Day goal. On Friday afternoon, the tentative SALT deal suggested that Republicans may have momentum on their side. The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for a five-year period, Senator John Hoeven told reporters. Senators said the tentative plan is to begin voting on the bill Saturday midday. It wasn't immediately clear whether enough of the so-called SALT Republicans in the House would accept that proposal and drop their threats to block President Donald Trump's massive tax and spending package. GOP lawmakers from New York, New Jersey and California have pressed to preserve a deal included in the House bill that increased the deduction cap to $40,000, up from the $10,000 in current law, for 10 years. The original Senate draft kept the write-off at $10,000. The latest deal retains a House proposal to phase out the deduction for taxpayers with at least $500,000 in income, a person familiar said, who requested anonymity to discuss private conversations. Republicans also plan to drop new limits they had sought on pass-through businesses' deductions of state and local tax taxes, the person said. Until now, some business owners in most states haven't actually needed to abide by the SALT cap that applies to everyone else, thanks to legal workarounds approved by legislatures in New York, New Jersey, Connecticut, California and dozens of other states. The House version of Trump's massive tax and spending package put curbs on those workarounds. Tax Talks Treasury Secretary Scott Bessent told reporters at the Capitol that negotiators are 'very, very close' on a SALT deal but he would not discuss specifics. He added that meeting the July 4 deadline provides 'certainty.' The SALT provision has been one of several holdups for the Trump tax bill in the Senate. Senate Republican Leader John Thune is also trying to navigate competing demands from conservatives and moderates on social safety net cuts and the elimination of clean energy tax credits. He will need to resolve most of the disputes to secure the votes he needs to pass the bill. The massive tax and spending package is the legislative centerpiece of Trump's economic agenda. The Senate version makes permanent individual and business tax breaks enacted in 2017, while adding temporary new breaks for tipped and overtime workers, seniors and car-buyers. The bill would add hundreds of billions of dollars in new spending for the military, border patrol and immigration enforcement. To partly pay for the revenue losses, the bill reduces spending on Medicaid health insurance for the poor and disabled, food assistance for low-income Americans and financial aid to college students. The measure would also avert a US payment default as soon as August by raising the debt ceiling by $5 trillion. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Shouldn't NVIDIA Corporation (NVDA) CEO Sell $800 Million In Shares, Wonders Jim Cramer
Shouldn't NVIDIA Corporation (NVDA) CEO Sell $800 Million In Shares, Wonders Jim Cramer

Yahoo

time23 minutes ago

  • Yahoo

Shouldn't NVIDIA Corporation (NVDA) CEO Sell $800 Million In Shares, Wonders Jim Cramer

NVIDIA Corporation (NASDAQ:NVDA) is one of the . NVIDIA Corporation (NASDAQ:NVDA)'s shares have regained their previous highs in June by taking five months to reclaim the setback from January's DeepSeek selloff. The shares are now up by 11.6% year-to-date after gaining 14% in June. Much of the bullishness surrounding NVIDIA Corporation (NASDAQ:NVDA) is due to an absence of negative catalysts on the horizon. Additionally, Loop Capital's estimate of a potential $6 trillion valuation because of GPUs increasing their presence in the global computing industry. Cramer's previous comments about NVIDIA Corporation (NASDAQ:NVDA) have asserted that the story is still intact despite the mostly bearish sentiment about the shares in 2025. His latest comments were appreciative of the June share price movements and NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang's plan to sell more than $800 million of shares. Huang has sold roughly $21 million of shares so far and here's what Cramer said: 'But in the meantime NVIDIA finally threw the 145. If it can do that, that's that area. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Recently, Cramer commented on Huang and his hopes surrounding US-China trade tensions: '[On Huang wanting China to have access to NVIDIA chips] Yeah he does, because he doesn't have, he just wants to give them the Biden. The Biden chip. The H20.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store