WASHINGTON – The House Republicans’ tax-cut plan springs from a core argument: What’s good for big business and the moneyed elite is inevitably good for the economy and everyone else. Continue Reading Below Their plan would slash corporate tax rates, end inheritance taxes for the ultra-rich and create new tax […]
FOX Business News
Losses for banks and smaller companies take US stocks lower
NEW YORK – U.S. stock indexes are slipping back from record highs Tuesday as banks and small companies fall. Travel booking sites Priceline and TripAdvisor are taking steep losses following their third-quarter reports and retailers are falling too. Companies that pay big dividends, including utilities, are making gains. Oil prices […]
The Latest: GOP defeats move to keep state, local tax breaks
WASHINGTON – The Latest on Republican tax overhaul legislation (all times local): Continue Reading Below 3:10 p.m. The Republican-led House Ways and Means Committee has beat back Democratic efforts to keep the tax break for people paying state and local levies. The panel voted 23-16 on party lines to reject […]
US consumer borrowing up $20.8 billion, most in 10 months
WASHINGTON – American consumers increased their borrowing by $20.8 billion in September. It was the largest gain in 10 months and was led by a sharp increase in borrowing for auto and student loans. Continue Reading Below The September increase followed a gain of $13.8 billion in August and marks […]
Trump in South Korea: Whirlpool, Qualcomm & the bitter trade battle
North Korea and trade were expected to be the two main topics President Donald Trump would address during his five-country Asia tour, however, he may have to put the latter aside during his visit to South Korea on Tuesday, where the pair of political allies have dominant differences. Continue Reading […]
Intel’s Latest AI Platform Takes Aim at Financial Crooks
Two years ago, Intel (NASDAQ: INTC) spent an undisclosed sum of money to acquire artificial intelligence (AI) start-up Saffron. The start-up’s cognitive computing platform had attracted the attention of Chipzilla as it wanted to lay its hands on a technology that could mimic human thinking, process inputs, and generate insights […]
Booz Allen Hamilton Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope… Continue Reading Below Consulting company Booz Allen Hamilton (NYSE: […]
Senate committee approves Trump’s pick for Army secretary
WASHINGTON – The Senate Armed Services Committee has approved the nomination of Raytheon Vice President Mark Esper to serve as President Donald Trump’s Army secretary. Continue Reading Below The committee recommended by voice vote on Tuesday that the full Senate consider Esper’s nomination as well as several more of the […]
Hong Kong is the world’s top city for international visits
LONDON – Hong Kong remains the world’s most visited city by international travelers in spite of strained relations with neighboring China, industry experts said Tuesday. Continue Reading Below In a report on the top 100 city destinations that highlights the growth in Asian tourism, market research firm Euromonitor International said […]
Why Weight Watchers International Shares Soared Today
What happened Continue Reading Below Shares of Weight Watchers International (NYSE: WTW) are soaring today, up by 16% as of 11:00 a.m. EST, after the company reported third-quarter earnings. Results came in better than expected and the weight-loss specialist also raised its full-year guidance. So what Revenue in the third quarter […]