HONG KONG – Asian shares were mostly higher Friday, extending global gains after Wall Street reported a round of healthy earnings and U.S. politicians took a step forward on President Donald Trump’s tax reform plan. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 0.2 percent to 22,396.80. South […]
FOX Business News
Keystone pipeline leak days before Nebraska expansion ruling
PIERRE, S.D. – TransCanada Corp.’s Keystone pipeline leaked an estimated 210,000 gallons of oil onto agricultural land in northeastern South Dakota, but state officials don’t believe the leak polluted any surface water bodies or drinking water systems. Continue Reading Below State officials and pipeline operator TransCanada Corp. disclosed the leak […]
Experts: Puerto Rico may struggle for more than a decade
SAN JUAN, Puerto Rico – Puerto Rico could face more than a decade of further economic stagnation and a steep drop in population as a result of Hurricane Maria, experts said on Thursday. Continue Reading Below The stark estimates were presented to members of a federal control board overseeing finances […]
Highlights of House, Senate GOP bills to overhaul tax code
The House passed a nearly $1.5 trillion tax bill that differs from legislation approved by the Senate Finance Committee. A comparison of the Republican-written measures: Continue Reading Below —Personal income tax rates: House bill condenses current seven brackets to four: 12, 25, 35 and 39.6 percent. Senate measure retains seven […]
Tesla unveils electric big-rig truck in midst of Model 3 factory ‘hell’
Tesla on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Continue Reading Below Chief Executive Elon Musk unveiled the big rig, dubbed […]
Virginia regulators approve carbon cap-and-trade plan
RICHMOND, Va. – Virginia would regulate carbon emissions from power plants and become the first Southern state, its officials say, with a carbon cap-and-trade program under a proposal that won preliminary approval from state regulators Thursday. Continue Reading Below It’s the most recent example of a state taking steps to […]
AP source: Mulvaney to temporarily lead consumer agency
WASHINGTON – White House budget director Mick Mulvaney is expected to take on a second role in the Trump administration as acting director of a consumer financial agency created by the Obama administration. Continue Reading Below Mulvaney is expected to be named to lead the Consumer Financial Protection Bureau on […]
1 Reason to Buy Qualcomm Stock, and 1 Reason to Sell
Qualcomm (NASDAQ: QCOM) investors heaved a sigh of relief after the company beat Wall Street expectations quite comfortably during the recently reported fourth quarter. The chipmaker has been down so far in 2017, losing over 15% of its market capitalization. But the latest results seem to have given Qualcomm shares a […]
Can Kevin Plank’s Hired Gun Help Get Under Armour Back on Track?
Under Armour (NYSE: UA) (NYSE: UAA) — the No. 3 athletic apparel and footwear brand — has been in a funk lately with growth slowing and a challenging U.S. retail environment. It even announced negative quarterly revenue growth for the first time as a public company a few weeks ago. Continue Reading Below […]
Liz Phair fulfills a dream with 2-book deal at Random House
NEW YORK – Liz Phair is fulfilling a longtime dream: to be an author. Continue Reading Below The rock star known for “Exile in Guyville” and other albums has a two-book deal with Random House. The publisher announced Thursday the first book is called “Horror Stories.” It’s billing the book […]