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  • California to Tax Biden’s Student Loan Forgiveness

    California to Tax Biden’s Student Loan Forgiveness0

    What makes California’s decision somewhat surprising is that even though its existing statutes indicate taxability for student loan forgiveness, state consensus previously ran in the opposite direction. Nevertheless, according to the Tax Foundation, it has confirmed that discharged student loan debt will be taxed under current California law. Additionally, existing state provisions exempting student loans

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  • What to Expect in the Markets Next Week

    What to Expect in the Markets Next Week0

    U.S. equity markets rose for a third straight day on Friday, snapping a three-week losing streak for the major averages. It was a broad-based advance, with all but six of the Dow’s constituents posting gains. For the week, the Dow closed 2.7% higher, the S&P 500 added 3.7%, while the Nasdaq gained over 4%. Treasury

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  • Asia FX Sees Little Relief as Dollar Rally Pauses; ECB in Focus

    Asia FX Sees Little Relief as Dollar Rally Pauses; ECB in Focus0

    Most Asian currencies moved in a flat-to-low range on Thursday as the dollar came off 20-year highs, with focus turning to an upcoming European Central Bank meeting for more cues on global monetary policy tightening. for more cues on global monetary policy tightening. for more cues on global monetary policy tightening. China’s yuan and the

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