Finance Knuggets
Sep 12, 2024
I recently came across news regarding the lack of defense for capital gains and investment income by both presidential candidates. Kamala Harris could have explained her proposal to raise long-term capital gains rates to 28% and the possible consequences of imposing an unrealized capital gains tax on those with more than $100 million in wealth. On the other hand, Donald Trump could have provided clarity on his plan to lower the corporate rate to 15% and his stance on the elimination of favorable tax treatment for carried interest.
In other news, Brookfield Asset Management has agreed to invest up to $1.1 billion into Infinium, a company focused on converting carbon dioxide into sustainable aviation fuel. This investment will help Infinium build the world’s largest commercial production plant for eSAF, a lower-emission alternative to traditional SAF. Additionally, several startups have secured significant funding, including Quantum Source, SpectraWave, Spare, and PhoreMost, to name a few.
Furthermore, there have been several private equity deals, including investments in Ledger Run, Texas Thrift, and Florida Power Management, among others. The news also covers public offerings, liquidity events, M&A activities, and fundraising efforts by various companies. Finally, the report discusses the latest inflation data, indicating a rise of 0.2% in August and a year-over-year inflation rate at its lowest level since February 2021.
Overall, the news provides valuable insights into the financial and investment landscape, highlighting significant developments in various sectors, including technology, energy, and private equity.
Stay Well!