Dems' Tax Plans, Uranium Rally, Alibaba Woes - What's Moving Markets

Dems’ Tax Plans, Uranium Rally, Alibaba Woes – What’s Moving Markets

By Geoffrey Smith — U.S. Democratic Party lawmakers flesh out their tax hike plans. Uranium is the new hot thing in commodities markets. U.S. stocks are set to rebound from last week’s losses as Apple rebounds and Covid-19 case numbers fall. That, along with extended outages in the Gulf of Mexico, is also pushing oil prices above $70 a barrel. Beijing still isn’t done with Alibaba (NYSE: BABA ) and Ant Group, and Oracle (NYSE: ORCL ) reports earnings after the close. Here’s what you need to know in financial markets on Monday, 13th September.

1. Dems flesh out tax plans

More details emerged about Democratic lawmakers’ plans to raise taxes, as the party looks for ways to fund its massive planned spending increases.

The Wall Street Journal reported that the Ways and Means Committee is set this week to discuss proposals that the rate of corporate income tax […]

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