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Why Sanders’ tax proposal won’t work

Recently, the S&P 500 ETF SPY traded over $100 billion in volume in a single day. With a .1% financial transactions tax, something that a few US presidential hopefuls had proposed, that volume would have generated $100 million in government revenue. Those types of numbers have lawmakers salivating over the potential to raise untold amounts of money from applying very ...

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How airlines make money with free tickets

For travellers intrepid enough to share an aircraft with a group of strangers in the grip of an epidemic, now is a great time for bargains. Americans can get return flights from New York to Miami right now for around $51, Bloomberg News reported earlier. In China, premium budget carrier Juneyao Airlines is offering one-way tickets for the three-and-a-half hour ...

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Stocks tumble as oil price crash sends shockwaves

Bloomberg Oil prices crashed, equities plunged and Treasuries soared on Monday as the world headed for a full-blown price war in crude and panic appeared to grip financial markets. In a dramatic start to the week across assets: Futures on the S&P 500 Index fell about 5%, triggering trading curbs designed to limit the most dramatic moves while cash markets ...

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