FOX Business News

WASHINGTON –  Two things can be true at once. President Donald Trump’s tax overhaul is slanted to the rich, as Democrats say and Republicans like to ignore. It also comes with tax cuts for average people, which Democrats bypass in slamming Trump’s “betrayal” of the middle class. Continue Reading Below […]

Much has been made of IBM’s (NYSE: IBM) transformation to focus on what it calls its “strategic imperatives” businesses: cognitive computing analytics, the cloud, data security, social, and mobile applications. Continue Reading Below That shift in its business model is why IBM has experienced years of quarterly total revenue declines. […]

Once you reach age 70 1/2, the IRS requires you to start taking distributions from your traditional IRAs. If you don’t withdraw at least as much money as the agency demands, you’ll be stuck with an enormous tax penalty. And the clock is ticking: Required minimum distributions (RMDs) for all […]

Social Security provided $955 billion in benefits to 62 million seniors in 2017 , and more than one-third of Americans expect Social Security to provide the bulk of their retirement income. While Social Security is a popular and important entitlement program, it’s a far more complicated program than many people […]

UglyChristmasSweater.com co-founder Fred Hajjar on Friday shared how his small business is able to compete against big box stores, such as Macy’s (M), JCPenney (JCP) and Walmart (WMT) Continue Reading Below “I think the big box retailers really have to play it safe. We really take a lot of risk […]

BERLIN –  Swiss bank Credit Suisse says it will take a write-down of about 2.3 billion Swiss francs ($2.33 billion) in the current quarter due to the tax overhaul in the United States. Continue Reading Below President Donald Trump signed the legislation into law Friday, prompting Credit Suisse to write-down […]

It’s almost time to start thinking about preparing your tax return, but taxes have been on many people’s minds for months. Tax reform efforts have resulted in massive changes to key provisions, with reductions in tax rates and an increased standard deduction potentially helping many taxpayers. Yet some favorable parts […]

CHICAGO –  IPhone owners from several states sued Apple Inc. for not disclosing sooner that it issued software updates deliberately slowing older-model phones so aging batteries lasted longer, saying Apple’s silence led them to wrongly conclude that their only option was to buy newer, pricier iPhones. Continue Reading Below The […]

NEWARK, N.J. –  A former education adviser to New York’s governor says she was repeatedly groped by a drunken man on her United Airlines flight to New Jersey. Continue Reading Below Katie Campos recounted the event on Twitter , saying she was groped multiple times by the stranger during the […]

WASHINGTON –  In the end, Donald Trump’s top achievement as president— a $1.5 trillion tax overhaul — was finalized in a “rush job” of an affair. And that was OK with him. Continue Reading Below None of the members of Congress who muscled through the biggest tax overhaul in 30 […]