WASHINGTON – The Latest on the GOP budget plan in the House (all times local): Continue Reading Below 12:10 p.m. The White House is praising the House passage of a budget as a necessary step for a tax overhaul. Spokeswoman Sarah Huckabee Sanders says in a statement the vote “sets […]
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Trump names Treasury official to be acting IRS commissioner
WASHINGTON – The White House is naming a Treasury official to serve as acting commissioner of the Internal Revenue Service, succeeding an IRS commissioner who has drawn the ire of congressional Republicans. Continue Reading Below The White House says David Kautter will be acting IRS commissioner effective Nov. 13, allowing […]
US stocks higher as banks and technology companies rebound
NEW YORK – U.S. stocks are rising Thursday as technology companies and banks advance. European stocks are climbing after the European Central Bank said it will begin gradually reducing the bond purchases it’s been making to strengthen the regional economy. The market is regaining a chunk of the previous day’s […]
Martin Sorrell predicts bullish market ahead of GOP tax cuts
Last February, just months after Donald Trump shocked the world and won the 2016 presidential election, WPP plc (WPP) CEO Sir Martin Sorrell made a prediction: The economy, and U.S. markets, would respond well for the next two or three years to Trump’s policies encouraging deregulation and tax code overhauls. […]
Correction: McDonald’s-Debit Card Lawsuit story
WILKES-BARRE, Pa. – In a story Oct. 25 about a legal settlement reached with the owners of 16 McDonald’s restaurants over the use of fee-laden debit cards to pay employees, The Associated Press erroneously reported the size of the settlement, the amount of the individual payouts and the number of […]
Americans short-changing their 401(k)s
There has been much concern and speculation in recent days that U.S. lawmakers will cut the amount of money workers can save, pre-tax, in their 401(k) plans, as part of tax reform. When you look at what Americans are actually saving for retirement, however, it is unclear what all the […]
Why Nokia OYJ Stock Tumbled 19% Lower Today
What happened Continue Reading Below Shares of Nokia (NYSE: NOK) fell hard on Thursday morning, triggered by a mixed earnings report. As of 11:40 a.m. EDT, the Finnish telecom-infrastructure specialist’s stock had taken a 19.5% haircut. So what Nokia’s adjusted third-quarter earnings landed at $0.11 per share and per American […]
Looking Back on Black Monday, 30 Years Ago
In this segment from the MarketFoolery podcast, host Mac Greer, Total Income‘s Ron Gross, and Million Dollar Portfolio‘s Matt Argersinger reflect on the 1987 plunge in the stock market that had many investors fearing the worst. Continue Reading Below We’ve learned a lot since then, and the market is very different, […]
GE explores divesting its transportation, health care IT businesses: Report
General Electric Co (GE) is exploring divesting its transportation and health care information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said. Continue Reading Below Such a move would help GE to meet more than half of its […]
Old Dominion Freight Line Serves Up Another Quarter of Strong Earnings Growth
Old Dominion Freight Line‘s (NASDAQ: ODFL) quarterly earnings seem to keep trucking along at a great pace. The company posted another quarter of better-than-expected earnings results thanks to double-digit revenue growth and an eye on cost control. Here’s a rundown of the company’s earnings and why management thinks the best is […]