Tag: finance yahoo

National Assembly Finance Committee chairman, Kuria Kimani, in the eye of another storm amid new tax proposalsNational Assembly Finance Committee chairman, Kuria Kimani, in the eye of another storm amid new tax proposals

Molo MP Francis Kimani Kuria is coming out as the poster child of the unpopular bread and vehicle circulation taxes, at least on the floor of the August House. The legislator, who is also the chairperson for the National Assembly’s Committee on Finance and National Planning, was last week the punching bag for Kenyans on social media after he was emerged as one of the most vocal MPs supporting the new tax measures contained in the Finance Bill , 2024. His comment that those who cannot pay the 2.5 percent motor vehicle circulation tax can leave their cars at home,…
Read MoreRead More
August 29, 2024August 29, 2024 TaufanTaufan

Wall Street’s biggest bear flips, raises S&P 500 price target by 20%Wall Street’s biggest bear flips, raises S&P 500 price target by 20%

Morgan Stanley’s Mike Wilson is done calling for US stocks to fall off a cliff. After having one of the lowest S&P 500 (^GSPC) year-end targets for the past year, Morgan Stanley’s chief investment officer changed his tune in a note to clients on Sunday. Wilson now sees the S&P 500 hitting 5,400 in the next 12 months, up from his previous call that the index would fall to 4,500. Wilson’s new target reflects about 2% upside in the index over the next 12 months, with valuations falling and earnings continuing to rise. “Our 2024 and 2025 earnings growth forecasts…
Read MoreRead More
July 31, 2024July 31, 2024 TaufanTaufan