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Category: News


Finance Tech, News, Trading

Dow, S&P 500 hit records as Senate clears tax-reform hurdle

October 20, 2017

Via: Market Watch

U.S. stocks rose on Friday, with major indexes trading at or near records after the Senate passed a budget blueprint for the next fiscal year, a move that is seen as paving the way for the tax reform many investors […]


News

Who is the New CEO of American Express?

October 19, 2017

Via: TheStreet

American Express Co. (AXP – Get Report) CEO Kenneth Chenault, who earned investor Warren Buffett’s admiration for steering the lender through the Sept. 11 terrorist attacks and the 2008 financial crisis, is stepping down after 16 years in charge. Chenault, […]


News

How Tax Reform Could Make Apple a $1 Trillion Company

October 17, 2017

Via: Fortune

The Wall Street bulls swear that sweeping tax reform is the key to putting a newly-resurgent corporate America on the fast track for years to come. What better way to gauge the potential power of the Republican Party business tax […]


Finance Tech, News, Trading

Investors are losing out on billions because tech stocks don’t pay dividends

October 6, 2017

Via: CNBC

Investors are missing out on billions of dollars thanks in part to some large-cap tech stocks. If Alphabet, Amazon and Facebook (along with Berkshire Hathaway) paid shareholder dividends at the 2.37 percent average yield of other S&P 500 companies that […]


News

Trump’s massive tax plan is already hitting some big roadblocks

October 5, 2017

Via: Business Insider

It’s been less than a week since President Donald Trump and the “Big Six” Republican tax negotiators rolled out their unified framework designed to overhaul the US tax code. But it’s already facing potential stumbling blocks from a wide array […]


News

Thousands of people are getting refunds for a bogus supplement that claimed to treat drug addiction

October 4, 2017

Via: Business Insider

More than 5,000 Americans are about to get a check in the mail, after regulators discovered that a Florida-based supplement maker was peddling an herbal drink mix that it claimed could help treat addiction. The company, Sunrise Nutraceuticals, marketed its […]


News

Trump’s tax plan will boost GDP, lift stocks and force a Fed rethink, RBC says

September 28, 2017

Via: CNBC

Economists at the Royal Bank of Canada gave an optimistic take on tax reform plans unveiled in the U.S., suggesting in its current form it will boost growth and urge investors to rethink the stock markets. “Acknowledging that some key […]


News

U.S. economic growth revised up to 3.1% rate in Q2

September 28, 2017

Via: USA TODAY

WASHINGTON — The U.S. economy grew at an upgraded annual rate of 3.1% in the spring, the fastest pace in more than two years. But growth is expected to slow sharply this quarter in the wake of a string of […]


News

Equifax CEO steps down after massive data breach

September 26, 2017

Via: Business Insider

Equifax, the consumer-data giant that was targeted in a hack that exposed the personal data of nearly half the U.S. population, said its CEO is out effective immediately. Richard Smith will “retire” as Chairman of the Board and CEO effective […]


News

RAY DALIO: The US economy looks like 1937 and we need to be careful

September 22, 2017

Via: Business Insider

Business Insider CEO Henry Blodget spoke with Bridgewater’s Ray Dalio about the current circumstances of the US economy. Following is a transcript of the video. Henry Blodget: On investing, you’ve recently written that risks are rising because of the political […]