Key Takeaways President Donald Trump's election to a second term was a win for business and investment — two important drivers of economic growth . His campaign promises largely reflected a pro-business ideology, promising support for entrepreneurship and corporate expansion and starkly contrasting with Vice President Kamala Harris's consumer-focused approach, which seemed to overlook the crucial balance between investment and consumption. Donald Trump's business-driven agenda A cornerstone of President Trump's first term was the 2017 Tax Cuts and Jobs Act (TCJA), which placed a clear emphasis on empowering small businesses , entrepreneurs and investors to put more money back into their ventures. The TCJA was packed with pro-growth policies, including the 20% qualified business income (QBI) deduction , the ability to fully expense equipment purchases and cutting the corporate tax rate from 35% to 21% . During the campaign, President Trump suggested taking this even further by reducing the tax rate to 15% , underscoring his commitment to stimulate corporate investment. These supports for business and investment worked. With a lower tax burden and targeted incentives, entrepreneurs and businesses made significant investments in the U.S. — buying more equipment, adding jobs and creating much-needed goods and services for society. Extending the QBI deduction and enhancing it to 25-30% would further incentivize entrepreneurship, especially if the deduction applied to all business types, including service industries. President Trump also recognizes that research and development play a critical role in innovation and economic expansion. By advocating for permanent bonus depreciation, Trump aimed to align the U.S. with other nations that offer full deductions for equipment investments. However, this commitment should extend to R&D tax policies. Most other countries have much better R&D tax benefits than the U.S., putting our businesses at a disadvantage. Related: 3 Major Reasons Why Donald Trump's Second Term Will Benefit My Business and Increase Profits The contrast with Kamala Harris's consumer-centric focus The Harris-Walz campaign took the opposite approach. Throughout the campaign, Vice President Kamala Harris strongly emphasized consumer protection . Her proposals included price controls and programs to boost consumer spending , prioritizing immediate consumer benefits over long-term economic growth. Price controls often sound attractive on the surface but, in reality, distort the market, often discouraging businesses from investing in areas where their returns will be capped. This stifles innovation and, in the long run, reduces competitiveness on a global scale. Vice President Harris's focus on a consumption-driven economy would have overly relied on short-term spending . Without investment in infrastructure, technology and R&D, the economy risks stagnating. In addition, she proposed raising corporate taxes to 28% and combined capital gains taxes to 33% . The money that would go toward higher taxes would then not be available as capital for businesses to expand, hire and innovate, ultimately hindering economic growth. Related: 10 Significant Ways A Second Donald Trump Administration Could Impact Your Taxes A call for a focus on pro-business policies Despite a largely pro-business stance, President Trump also floated his share of consumer-focused policies during the campaign. Suggestions to eliminate income taxes on tips and overtime pay were popular among large and important segments of voters but would cause havoc for business owners. The tax change would create massive inequity among workers in the same business, with hosts and chefs paying taxes on their full earnings while servers would not. It also would create unintended incentives for people to shift to nonexempt (and overtime-laden) work schedules. Based on his campaign rhetoric, President Trump also seems certain to use tariffs as leverage with U.S. trading partners, especially China and Mexico. As all tariffs do, that will surely hit the pocketbooks of consumers and businesses alike. As President Trump embarks on his second term, both he and Congress must stay focused on policies that bolster business and investment. This is the proven path to sustained economic growth and prosperity. It's also not a partisan position. The first time a U.S. president encouraged investment through economic policy was when President John F. Kennedy signed legislation creating the investment tax credit in 1962, encouraging businesses to buy equipment during a time when the economy had slowed. President Ronald Reagan also used economic policy to boost investment, adding significant benefits to real estate investment in 1981. President Trump and the next Congress have an opportunity to add to this positive legacy. They simply need to stay focused and united on the right policy changes. Reducing business tax rates, encouraging investment and supporting entrepreneurship and innovation would go a long way toward improving U.S. competitiveness with the rest of the world. Entrepreneurs are the lifeblood of the American economy. Let's not allow this moment to slip by.
Call to exempt listed firms from tax on M&AsShares of Lion One Metals Limited ( CVE:LIO – Get Free Report ) reached a new 52-week low during trading on Friday . The stock traded as low as C$0.24 and last traded at C$0.24, with a volume of 244474 shares. The stock had previously closed at C$0.25. Lion One Metals Trading Down 2.0 % The company has a current ratio of 4.07, a quick ratio of 11.23 and a debt-to-equity ratio of 23.06. The stock’s fifty day moving average price is C$0.29 and its two-hundred day moving average price is C$0.34. The stock has a market capitalization of C$62.89 million, a P/E ratio of -1.85 and a beta of 0.43. Lion One Metals ( CVE:LIO – Get Free Report ) last posted its quarterly earnings results on Tuesday, October 1st. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$9.36 million for the quarter. Lion One Metals had a negative net margin of 185.32% and a negative return on equity of 16.07%. Equities research analysts forecast that Lion One Metals Limited will post 0.0199784 EPS for the current year. Lion One Metals Company Profile Lion One Metals Limited engages in the acquisition, exploration, and evaluation of mineral resources in Fiji. The company’s principal property is the 100% owned Tuvatu Gold project, which comprise four special prospecting licenses covering an area of approximately 13,613 hectares located on the island of Viti Levu in Fiji. See Also Receive News & Ratings for Lion One Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lion One Metals and related companies with MarketBeat.com's FREE daily email newsletter .
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway the judge in the Delaware business court after the trial to reverse her opinion rescinding the CEO's pay plan. Tesla had conducted a shareholder vote to "ratify" Musk's 2018 pay plan at the EV maker's annual shareholder meeting in Austin, Texas, in June. Chancellor Kathaleen McCormick wrote in her opinion on Monday that, "Even if a stockholder vote could have a ratifying effect, it could not do so here." The judge approved a $345 million attorney fee award for the lawyers who successfully sued on behalf of Tesla shareholders in order to void the pay plan. "We are pleased with Chancellor McCormick's ruling, which declined Tesla's invitation to inject continued uncertainty into Court proceedings and thank the Chancellor and her staff for their extraordinary hard work in overseeing this complex case," attorneys from Bernstein, Litowitz, Berger & Grossmann, the firm representing the plaintiff, said in a statement. Musk can appeal the decision to the Delaware Supreme Court. Following McCormick's decision in January to void the plan, Musk lashed out at the court, posting on X, "Never incorporate your company in the state of Delaware." The company then held a shareholder vote to reincorporate in Texas, and officially shifted its incorporation there in June. In response to Musk's motion arguing that Tesla's ratification vote for his pay package should lead her to reverse her prior opinion, Judge McCormick wrote, "Were the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable." Despite the setback, Musk has seen his net worth jump considerably in recent weeks. Excluding all of the options wrapped up in the pay package, Musk is more than $43 billion richer since Donald Trump's election victory last month. Tesla shares have soared 42% in the four weeks since the election on optimism that Musk's coziness with the incoming president will lead to policies favorable to his companies. The Tesla stock Musk still holds is worth close to $150 billion based on Monday's closing price. That alone, not including his SpaceX stake, would put him among the world's wealthiest people. This is breaking news. Please refresh for updates. WATCH: Elon Musk emerges as key voice in Trump's tech policy watch now VIDEO 2:42 02:42 Elon Musk emerges as key voice in Trump's tech policy TechCheck
The BJP-led Mahayuti coalition has achieved a historic victory in the Maharashtra Assembly elections, securing or leading in over 230 of the 288 seats. The Bharatiya Janata Party (BJP) alone has won or is leading in 132 seats, while the Shiv Sena led by Chief Minister Eknath Shinde has taken the lead in 57 seats, and the NCP helmed by Deputy Chief Minister Ajit Pawar is set to capture 41 seats. Rajasthan Chief Minister Bhajanlal Sharma has extended his congratulations to Prime Minister Narendra Modi for this significant triumph. He stated, "The public has placed their trust in the leadership of PM Modi." Sharma also expressed gratitude to Rajasthan voters for supporting the BJP in recent by-elections, emphasizing the party's commitment to Rajasthan's development and welfare. Union Minister Nitin Gadkari echoed this sentiment, highlighting the confidence within Mahayuti regarding their majority but acknowledging the unprecedented nature of the victory. Haryana Chief Minister Nayab Singh Saini praised PM Modi's vision and policies, attributing their success to the Maharashtra people's appetite for development under Modi's leadership. The opposition Maha Vikas Aghadi (MVA), in stark contrast, have managed only 48 leads. (With inputs from agencies.)Haryana governor reviews Int’l Gita Mahotsav preparations
Invesco BulletShares 2025 Corporate Bond ETF (NASDAQ:BSCP) Sees Strong Trading Volume – Should You Buy?
Ubisoft has announced that XDefiant will shut down on June 3, 2025. Additionally, Ubisoft is closing down its office in Osaka, Japan, as well as San Francisco. Ubisoft explained that starting today, December 3, further downloads, player registrations, and purchases of XDefiant are no longer available. However, XDefiant's third season will continue as planned and the game will be playable until the shutdown date. "Today, Ubisoft announced that it will discontinue development on XDefiant, its free-to-play first-person shooter title. As a result, half of the XDefiant team worldwide will be transitioning to other roles within Ubisoft," Ubisoft said in a statement to GameSpot. "This decision also leads to the closing of our San Francisco and Osaka production studios and to the ramp down of our Sydney production site, with 143 people departing in San Francisco and 134 people likely to depart in Osaka and Sydney." In a sunsetting message , executive producer Mark Rubin said that XDefiant amassed a total of 15 million players. XDefiant was billed as a competitor to Call of Duty and attempted to differentiate itself by removing skill-based matchmaking in favor of a more "old-school" arcade shooter experience. Back in September, Ubisoft denied reports of XDefiant losing players . In October, Rubin confirmed that the game's second season was still planned and refuted claims that the game was going to be shut down. In GameSpot's XDefiant review , we said, "Combat is enjoyable enough that it's still eminently playable, and XDefiant's foundations are ripe for improvement. Competition is stiff, though, and there are better options out there that aren't as conflicted."
Chan eyes opportunities in GBA and beyondHow to grow and care for a crested cactus – experts share insights for these curious plantsTrump says he can't guarantee tariffs won't raise prices, won't rule out revenge prosecutionsChess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved
PARIS: A revamped Paris Saint-Germain dominated Toulouse 3-0 at home on Friday to maintain their cushion on Ligue 1 rivals Monaco before next week’s Champions League trip to Bayern Munich. The French champions are six points clear of Monaco, who earlier beat Brest 3-2, but languish outside the top 24 in the new single-table format in Europe, with a trip to Munich coming up next Tuesday. “It’s important to arrive full of confidence,” said coach Luis Enrique. “In Ligue 1 our statistics are exceptional but in the Champions League we are far from our level. You have to be good in the important moments.” The Parisians’ proved efficient on front of goal despite top players including Marquinhos, Pacho, Nuno Mendes, Gianluigi Donnarumma and Vitinha rested or on the bench. Luis Enrique reshuffled with Yoram Zague, 18, coming in at left-back in place of Nuno Mendes, Milan Skriniar and Lucas Beraldo in central defense, Desire Doue in midfield and Matvey Safonov in goal. Portuguese midfielder Joao Neves opened the scoring with a volley served up from captain Achraf Hakimi after 35 minutes at the Parc des Princes where the home fans terracing was partially closed after homophobic chants last month. PSG were never under threat with Lucas Beraldo doubling their advantage after 84 minutes and Vitinha adding a third seven minutes later to keep the champions unbeaten in Ligue 1. Despite the convincing win Luis Enrique said his team needed to up their game against Bayern Munich who won 3-0 in the Bundesliga on Friday after a Harry Kane hat-trick. “It was important tonight but there are four Champions League finals left,” said the Spaniard. Toulouse, who won three games without conceding a goal before the international break and the only team to beat PSG in their previous 40 league matches, stay in 10th place. Monaco tightened their grip on second place against Brest, who like the hosts, face a demanding Champions League match on Tuesday. Maghnes Akliouche scored twice on the counter-attack and Aleksandr Golovin hit his first of the season for Monaco, who sit third in the Champions League and entertain Benfica on Tuesday. But Brest, who are fourth in the Champions League and visit Barcelona next week, dominated the second half and fought to the end. “It was a tough fight until the end,” said Monaco coach Adi Hutter pointing out his team would need “a better performance” to beat Benfica. Monaco started strongly, Akliouche finished a counter-attack after five minutes and hit a post four minutes later. Golovin added the second after 24 minutes. By then the visitors had lost playmaker Pierre Lees-Melou, who was later walking with crutches. Abdallah Sima cut the lead with a 50th-minute header. Brest coach Eric Roy was shown a 67th-minute red card. As his team pressed for a late equalizer, Monaco struck on the break in added time. Akliouche finished the move with a piledriver. Brest kept fighting and Ludovic Ajorque replied as time expired. Monaco increased their advantage over third-placed Marseille to six points. Marseille travel to Lens on Saturday. Brest stayed 12th but are only three points ahead of Saint-Etienne in the relegation playoff spot.- AFP