A Texas-based chain of strip clubs would go on a buying spree. A growing technology company would move fewer jobs overseas. And a regional bank would boost its spending on cybersecurity. These are some of the uses of the tax savings that small and medium-sized U.S. companies say they would pursue if the Trump administration […]
Read moreLONDON’s Luton airport is not renowned for its quick boarding. But now it is possible to show up there and in 15 minutes be on a plane bound for Zurich. That is thanks to the recent expansion of Surf Air, a small carrier. Though its name may be unfamiliar, its business model is, in fits […]
Read moreThe Republican tax plan has been slammed as a giveaway to the rich. But maybe Ivanka Trump can help fix that. The first daughter is throwing her weight behind a proposal to significantly expand the child tax credit, even as other individual benefits in the code are curtailed or even eliminated. That increase — coupled […]
Read moreStock valuations are high, but not in bubble territory. Investor optimism is plentiful but not exuberant or extreme. The bull market will not end until buying becomes euphoric. Anecdotal statements such as these are plentiful when bull markets are aged, but hard evidence to support them is rarely provided. Here’s the evidence we do have […]
Read moreFor all the talk about millennials preferring bitcoin and other investments over stocks, the co-founder of popular stock trading app Robinhood expects stocks to stay in favor. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev said. “We don’t see the equities market going away anytime soon.” […]
Read moreRetail investors in U.S. human resources firm Automatic Data Processing will have a chance to grill billionaire shareholder William Ackman on Tuesday, an innovative bid by the hedge fund manager to seek support in his quest for board seats. The online questions-and-answers session, scheduled for 7 p.m. (2300 GMT), illustrates the important role that non-institutional […]
Read moreData now supports changing the phrase to just “as American as Apple.” You can hold the pie. The CNBC All-America Economic Survey finds that 64 percent of Americans now own an Apple product, up from 50 percent when the question was last asked five years ago. The average American household reports owning 2.6 Apple products, […]
Read moreNvidia unveiled on Tuesday what it says is the world’s first artificial intelligence computer system designed to drive fully autonomous robotaxis, and said it plans to make a fleet of autonomous trucks. The company claims the new system, codenamed Pegasus, will handle Level 5 driverless vehicles — vehicles that can be operated entirely by sensors […]
Read moreNorth Korea’s leadership has told Russian lawmakers that it possesses a ballistic missile with a range of 3,000 kilometers (1864.11 miles) that will be able to reach U.S. territory after modernization, the Interfax news agency reported on Tuesday. Interfax cited Anton Morozov, a lawmaker and member of the lower house of parliament’s international affairs committee, […]
Read moreCurrency, United States Finance
'Please don't do this': Catalans against independence make last-minute plea
The clock is ticking down towards a meeting of the Catalan parliament Tuesday afternoon at which region leader Carles Puigdemont is widely expected to make some kind of declaration of independence. Most political analysts believe that Puigdemont — who has been threatened with arrest if he does makes a unilateral declaration of independence in parliament […]
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