Oil markets jumped on Monday as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Continue Reading Below Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the Kurdish Regional […]
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T-Mobile, Sprint aim to announce merger without asset divestitures – sources
T-Mobile U.S. Inc <TMUS.O> and Sprint Corp <S.N> plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. Continue Reading […]
Mnuchin: Tax reform is Trump’s ‘top priority’
The push is underway in Congress for Republicans to pass President Donald Trump’s proposed tax reform by 2018, a high-pressure endeavor that’s only been amplified by the GOP’s failure to deliver on its seven-year promise to repeal and replace Obamacare. Continue Reading Below “This is critical to the economy,” Treasury […]
Tax extension deadline: What you need to know
If you applied for an extension to file your taxes this year, the new deadline is rapidly approaching. Continue Reading Below Most taxpayers have until Monday, Oct. 16, to get all of their materials into the Internal Revenue Service (IRS) in order to meet the extended cutoff date. Here are […]
New Amazon app could impede teens’ money literacy
A new app introduced by Amazon (NASDAQ: AMZN) last week that allows teenagers ages 13 through 17 to set up an online account that’s connected to and monitored by their parents could ultimately do more harm than good. Continue Reading Below “Well, it’s been called an allowance tool,” ‘Make Your […]
Tesla fires hundreds of workers as part of annual reviews
Tesla Motors fired hundreds of workers after completing its annual performance reviews, even though the electric automaker is trying to ramp up production to meet the demand for its new Model 3 sedan. Continue Reading Below The Palo Alto, California-based company confirmed the cuts in a Saturday statement, but didn’t […]
Forget the white picket fence, is this today’s American Dream?
Economic uncertainty has many Americans feeling increasingly unstable about their financial future, which includes retirement. Continue Reading Below According to a new survey, despite the seemingly healthy job market and recent record runs on Wall Street, 60 percent of Americans believe we are on the brink of a financial crisis, […]
Why Trump’s tax plan could encourage individuals to incorporate
President Donald Trump’s newly unveiled tax reform plan has one major component: Businesses need to receive significant tax cuts. Continue Reading Below The proposal would reduce the corporate tax rate from 35 percent to 20 percent. It also would limit the tax rate on so-called pass-through businesses to 25 percent. […]
Las Vegas tourism sees changes in aftermath of shooting
Las Vegas’ tourism sector is bracing for changes in the aftermath of the massacre that killed 58 people at an outdoor music festival. Continue Reading Below Analysts who closely track the finances of the city’s casino companies say Las Vegas will see a short-term dip in visitors in response to […]
Yellen sounds upbeat note on economy and inflation prospects
Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a rebound by year’s end. Continue Reading […]