LOS ANGELES – There will be no legal pot party in Los Angeles on Jan. 1. Continue Reading Below California kicks off recreational sales on New Year’s Day, becoming the largest state in the nation with legal marijuana. But Los Angeles officials announced Friday that dispensaries in the city won’t […]
FOX Business News
Turkish banker’s US trial on a break until next year
NEW YORK – A New York jury deliberating the fate of a Turkish banker charged with helping Iran evade U.S. sanctions is off until after the holidays. Continue Reading Below Federal court jurors in Manhattan finished a third day of discussions Friday in the trial of Halkbank executive Mehmet Hakan […]
Tax overhaul leads to end-of-year rush to pay property bills
CHERRY HILL, N.J. – People in some communities are rushing to pay their property taxes ahead of schedule. Continue Reading Below They’re hoping to be able to deduct the payments from their 2017 federal income taxes. Under a tax overhaul signed Friday by President Donald Trump, there will be a […]
Expanded child tax credit may not be as generous as it seems
The expansion of a child tax credit helped seal Congress’ approval of the Republican tax overhaul. Sen. Marco Rubio had insisted that House-Senate negotiators allow low-income households to claim more of the child credit. And the final bill did so. Continue Reading Below So do poor families stand to benefit? […]
Health care and bank stocks pull US indexes slightly lower
NEW YORK – Stocks are slightly lower in afternoon trading on Wall Street Friday as a subdued week of trading comes to a close. Nike fell after reporting disappointing results in its North American business. That weighed on other consumer-focused companies. Technology companies were also lower. Chipmaker Nvidia fell 1.9 […]
Why Hovnanian Stock Just Dropped 10%
What happened Continue Reading Below One day after shares of homebuilder Hovnanian Enterprises, Inc. (NYSE: HOV) stock surged 11% in response to an earnings report that showed rising gross margins and (by one metric at least) increasing market penetration, Hovnanian stock is heading the other way Friday morning. Earlier today, […]
Strong U.S. consumer, business spending bolster growth picture
U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year winds down. Continue Reading Below But the bullish growth picture was dimmed somewhat as the […]
The Latest: Trump says he’s learned a lot about Washington
WASHINGTON – The Latest on President Donald Trump(all times local): Continue Reading Below 12:15 a.m. President Donald Trump says he’s learned a lot about Washington, partly by getting to know members of Congress. Asked whether he has any regrets over his first 11 months, he shook his head no. The […]
President Trump signs into law $1.5 trillion tax overhaul offering big cuts for business, smaller ones for middle class
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The Latest: Trump signs bill to keep government running
WASHINGTON – The Latest on the temporary spending bill to keep the government operating until Congress returns next year (all times local): Continue Reading Below 10:50 a.m. President Donald Trump has signed a temporary spending bill to keep the government running, for now. Trump signed the bill in the Oval […]