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Top Iranian Commander Killed in U.S. Airstrike on Trump Orders

(Bloomberg) — A U.S. airstrike in Iraq ordered by President Donald Trump killed one of Iran’s most powerful generals in a provocation that risks escalating a growing conflict with the Islamic RepublicQassem Soleimani, who led proxy militias that extended the Islamic Republic’s power across the Middle East, was killed in a strike in Baghdad authorized by Trump, the Defense Department said in a statement late Thursday night.“At the direction of the president, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing” Soleimani, the department said. “General Soleimani was actively developing plans to attack American …read more […]

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Stocks extend New Year cheer, Mideast air strikes drive oil higher

Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its highest point since June 15, 2018 in early trade, but later pared gains. The index had finished at its highest close in more than 18 months on Thursday, lifted by a New Year’s Day announcement from China’s central bank that it would cut the amount of cash that banks must hold as reserves, releasing release …read more […]

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Oil Jumps After U.S. Strike Kills Top Iranian Commander in Iraq

(Bloomberg) — Oil spiked as tensions in the Middle East flared after a U.S. strike near Baghdad international airport killed a top Iranian general.Futures in New York and London surged more than 4% after the attack. The strike killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, according to two people familiar with the matter. U.S. Defense Secretary Mark Esper said Thursday that America was ready to deploy more force in Iraq after an attack on its embassy in Baghdad this week.The U.S. and Iran are already facing off over President Donald Trump’s crippling economic campaign …read more […]

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Whole Life vs. Universal Life Insurance

Whole life insurance covers you for the rest of your life, but universal life insurance offers much more flexibility. They are both types of permanent life insurance, which means they have a cash value component. However, whole life insurance can … Continue reading ->The post Whole Life vs. Universal Life Insurance appeared first on SmartAsset Blog. …read more […]

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U.S. Warns Argentina That IMF Deal Threatened by Leftist Allies

(Bloomberg) — The U.S. is warning Argentine President Alberto Fernandez that his early foreign policy moves may jeopardize both support from the International Monetary Fund and American investment in the nation’s vast shale oil and gas fields.A senior Trump administration official said that sheltering former Bolivian President Evo Morales and engaging with Nicolas Maduro’s regime in Venezuela crossed a red line and could cost Argentina backing for new IMF funding and investment in the Vaca Muerta shale fields. The official, who spoke on the condition of anonymity to discuss private talks, said while many of Fernandez’s advisers are pragmatic and …read more […]

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Bill Gates Ends the Decade Pushing for Higher Taxes on the Rich

(Bloomberg) — Microsoft Corp. co-founder Bill Gates, the world’s second-richest person, said he wants his fellow billionaires to pay much higher taxes.U.S. lawmakers should close loopholes, raise the estate tax and hike the capital-gains tax so that it equals the rate on labor income, Gates wrote Monday in a year-end blog post. He also called for states and local governments to make their taxes “fairer” and reiterated his support for a state income tax in Washington, where he lives.“I’ve been disproportionately rewarded for the work I’ve done — while many others who work just as hard struggle to get by,” …read more […]