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Vice President Kamala Harris has called for the elimination of taxes on tips, a policy idea previously proposed by Republican nominee Donald Trump. Harris made the announcement during a rally in Las Vegas, where she is seeking support from service workers. The proposal could be popular in Nevada, a swing state with a significant service industry workforce. Trump accused Harris of copying his plan, while the Culinary Workers Union initially opposed Trump's proposal but now supports the general idea. Implementing changes to the taxation of tips would require approval from Congress and could have implications for federal income-tax revenue and programs like Social Security and Medicare. [Extracted from the article]

Former U.S. President Donald Trump's social media platform, Truth Social, experienced significant financial gains after merging with a special-purpose acquisition company called Digital World and began trading on Nasdaq. The Trump Media & Technology Group, which had previously generated only $5 million in sales, saw its value increase to $8 billion, resulting in a $4.5 billion gain for Trump. The success of the company is dependent on Trump winning the U.S. presidency, and the stock experienced a 21% drop when it was revealed that the company had little cash. The investment in Truth Social is seen as a political and stock-market play, with investors potentially making campaign contributions through their investments. [Extracted from the article]

"These are all momentum stocks, and a lot of people want to short them", said Matthew Tuttle, whose firm Tuttle Tactical Management runs an exchange-traded fund that allows investors to hold a portfolio of SPAC stocks. Veteran short seller Eduardo Marques cited SPACs and their boosting the number of U.S.-listed stocks as a short-selling opportunity, according to a pitch for a stock-picking hedge fund called Pertento he plans to launch this year. Keywords: Industrial Electrical Equipment; Telecommunication Services; Credit Types/Services; Consumer Lending; Business/Consumer Services; Banking/Credit; Financial Services; Industrial Electronics; Industrial Goods; Shell Company EN Industrial Electrical Equipment Telecommunication Services Credit Types/Services Consumer Lending Business/Consumer Services Banking/Credit Financial Services Industrial Electronics Industrial Goods Shell Company N.PAG N.PAG 1 03/16/21 20210315 NES 210315 SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors Investors who bet against stocks are targeting special-purpose acquisition companies, one of the hottest growth areas on Wall Street. [Extracted from the article]

The article discusses the investment round to be led by the New York-based Warburg Pincus in the San Francisco, California-based start up Varo Money Inc. Topics discussed include the mobile-banking app developed by Varo, the statement of the financial services leader Michael Martin regarding aim of Varo to start the app live testing, and the activeness of Warburg led by president Timothy Geithner in the financial services.