A new tax reform plan from House Republicans aims to permanently lower the corporate tax rate to 20 percent, and calls for one-time tax rate of 12 percent on cash returns and 5 percent on non-cash for corporate money repatriated from overseas. That could benefit America’s biggest and most profitable companies: Tech giants like Apple […]
Read moreSome people who are buying Google’s new Pixel 2 XL smartphone are receiving the device without the operating system Android installed. Android is the software that powers the entire phone. This would be akin to an iPhone arriving without iOS installed. Users on Reddit are reporting the problem, noting that the phones display a “No […]
Read morePresident Donald Trump said on Thursday that chipmaker Broadcom is moving its headquarters from Singapore to the United States. Trump made the announcement at a White House press conference attended by Broadcom Chief Executive Hock Tan, who told reporters: “America is again the best place to lead a business with a global footprint.” Shares of […]
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TO THE list of endangered travel facilities—which includes pay phones, communal aeroplane screens and concierges—there is one more to add: smoking rooms. Even a few years ago, guests were routinely asked whether they would prefer a smoking room or not. But today fewer hotels are offering smoking rooms and those that do have a vanishingly […]
Read moreCliff Asness believes financial markets will offer weak returns from these levels. “More expensive markets lead to lower expected returns,” Asness said at the 2nd Annual Evidence-Based Investing conference in New York on Thursday. He added “both stocks and bonds [will offer] lower expected returns than normal.” Asness predicts investors with a balanced portfolio of […]
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The Apple iPhone X launches on Friday, which means it’s going to start arriving on doorsteps and in limited quantities for walk-in purchases at Apple Stores. If you pick one up, you’ll find that there are a lot of differences from traditional iPhones, especially since the Home button is gone. In order to help get […]
Read moreShares of T. Rowe Price and other asset managers rose Thursday after the House Republican tax plan preserved popular retirement savings plans, including 401(k)s. Shares of the T. Rowe rose 1.8 percent Thursday after slipping roughly 4 percent over the past two weeks on fears that legislators in Washington were considering reforms to the popular […]
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KEEN, no doubt, to stay alive, drug traffickers tend to be prompter payers than most. For software firms, this is just one of many clues that may hint at the laundering of ill-gotten money. Anti-money-laundering (AML) software, as it is called, monitors financial transactions and produces lists of the people most likely to be transferring […]
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YOU could forgive Janet Yellen, the chair of the Federal Reserve, for feeling peeved. With unemployment at just 4.2%, and inflation at 1.6%, she is close to achieving the Fed’s two goals of curbing joblessness and pinning price rises at 2%. Ms Yellen is a Democrat appointed by Barack Obama in 2014. The tenures of […]
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BIC CAMERA, a Japanese electronics retailer, accepts payments in so many ways that the list nearly obscures the till: credit, debit and pre-paid cards; mobile wallets; ApplePay and Alipay; and, in some stores since April, bitcoin too. Efforts are under way to wean Japan off genkin, or cash. Handling notes and coins is expensive for […]
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