Wealthy Americans living in blue states are scrambling to find tax loopholes that will help them get around one of the most controversial (and for some, infuriating) provisions in President Trump’s tax plan: The capping of the so-called SALT deduction. Enter real-estate planner Jonathan Blattmachr, who this week made the mistake of explaining to a […]
Finance
Latest News
MetLife, Brighthouse Sued for $500M Over Missing Pensioners Funds…
MetLife Inc. and Brighthouse Financial Inc. have been sued for failing to pay at least $500 million in retirement benefits over the past 2½ decades to thousands of pension plan participants. In December, MetLife disclosed that it had failed to pay pension benefits to tens of thousands of employees covered by its group annuity contracts, […]
Social Security Benefits Buy 34 Percent Less Than in 2000…
If you feel like your Social Security check doesn’t stretch as far as it once did, there’s a likely explanation for it. Since 2000, the buying power of monthly benefits has fallen by more than a third, according to an annual report released Thursday by the Senior Citizens League, an advocacy group based in Alexandria, […]
Starbucks Share Drop on Weak Sales Forecast, Plans to Close More Than 150 Stores Next Year…
Shares of Starbucks slipped more than 3 percent Tuesday after the coffee chain lowered its third-quarter sales forecast and said it would scale back store growth. The company said it would slow the number of licensed stores it opens and close underperforming company-operated locations in densely populated areas. The company historically closes about 50 of […]
Head of VW’s Audi Arrested in Germany Over Diesel Scandal…
German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, June 18, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might hinder their […]
Trump Announces Tariffs on $50B in Chinese Goods…
President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House’s move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean […]
Related
A Listing of U.S. Imports from China Causing a Huge Trade Deficit…
Atlanta Fed: Q2 GDP Estimate Rises to 4.8% from 4.6%…
“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 14, up from 4.6 percent on June 8,” the Federal Reserve Bank of Atlanta said in its latest GDPNow report on Thursday. After this morning’s retail sales release from the U.S. Census […]
Trump Was Right. The Rest of the G7 Were Wrong…
He gets almost everything wrong. But last weekend Donald Trump got something right. To the horror of the other leaders of the rich world, he defended democracy against its detractors. Perhaps predictably, he has been universally condemned for it. His crime was to insist that the North American Free Trade Agreement (Nafta) should have a […]
Corporate Execs Beg Trump to Stay in This Climate Treaty — And Bail Out Their Investments…
A group of manufacturing executives sent a letter to President Donald Trump, urging him to move forward with a climate policy enacted during the Obama-era. The manufacturing sector has been mostly supportive of Trump’s undoing of regulations made under the Obama administration. However, there is one climate change agreement that has garnered wide support from […]
People Outraged After Amazon Found to Secretly Profit from “Unethical And Illegal” Chinese Sweatshops…
Amazon founder and CEO Jeff Bezos recently became the world’s wealthiest man. While, Bezos’ fortune is mostly tied to Amazon’s inflated stock price trading at a nosebleed price/earnings ratio of approximately 265, with a market cap around $811 billion (as of June 08), many questions remain as to just how did Bezos manage to become […]
AT&T’s Victory in Time Warner Merger Clears Way for Deal Bonanza…
AT&T’s victory against the federal government’s challenge to a proposed merger with Time Warner furthers the company’s goal of becoming a media powerhouse and may clear potential hurdles for other businesses pursuing similar acquisitions. The case, in which a federal judge rejected the government’s claim that the deal would hinder competition and raise consumer costs, […]
Peter Navarro Responds To Trudeau G7 Trade Remarks: “Biggest Miscalculation in Canadian Political History”…
Appearing on Fox News Sunday, White House Trade Policy Adviser Peter Navarro expresses disappointment at the political stunt carried out by Justin from Canada after President Trump departed the G7. During a post summit press conference the Canadian Prime Minister decided to play politics with the U.S. / Canadian trade relationship and took a hostile […]
Related
KIA Recalls Over 500k Vehicles Because Air Bags May Not Work in a Crash…
Kia is recalling over a half-million vehicles in the U.S. because the air bags may not work in a crash. Combined with a previous recall expansion by Hyundai, the affiliated automakers are recalling nearly 1.1 million vehicles due to the problem, which has been linked to four deaths. The moves by both Korean automakers came […]
Mick Mulvaney Fires All 25 Members of CFPB’s Advisory Board…
Just days after postponing another scheduled meeting of its statutorily required Consumer Advisory Board, the acting head of the Consumer Financial Protection Bureau on Wednesday told staff that all 25 volunteer members of the outside body were being relieved of their duties. “Today we begin the process of transforming the bureau’s Stakeholder Outreach and Engagement […]
America May Soon Face Its Biggest Labor Strike in Decades…
The Teamsters and UPS could be heading toward the nation’s largest strike in decades. On Tuesday, the union announced that members voted more than 90% in favor of going on strike, if a deal is not reached before the current labor contract expires on August 1. UPS employs 260,000 Teamsters, and has added 40,000 union […]
$3 Billion Payoff: 101 Utilities Cut Rates, Credit GOP Tax Cuts…
The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion. According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding […]
Trump’s “Trade War” Is Working: U.S. Trade Deficit Collapses…
One month after the biggest plunge in the US trade deficit since the financial crisis – good news for Trump who has engaged in “trade war” with the rest of the world to boost US trader and exports – the good news continued in April, when according to the Census Bureau, the US deficit shrank […]
Milestone for U.S. Job Market: More Openings Than Unemployed…
For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage for pay raises. The number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department […]
Major Bank CEOs Say Blockchain Will Underpin the Financial Industry ‘in Five Years’…
Blockchain technology could soon revolutionize the global banking industry, according to the chief executives of two major European lenders. Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes. The technology, which is perhaps better known as […]
- « Previous Page
- 1
- …
- 112
- 113
- 114
- 115
- 116
- …
- 163
- Next Page »