Details leaking out about the Republican tax reform plan hint that while two popular deductions would remain intact, they’d become useless to the majority of taxpayers who now take advantage of them. GOP lawmakers have signaled they’ll retain the tax breaks for mortgage interest and charitable contributions even as they pursue eliminating others. Yet given […]
Read moreAmerica’s largest employer is now working with America’s largest social network. Walmart has signed on as a new customer for Workplace, the enterprise version of Facebook’s social network specifically for interoffice communication. Facebook won’t say exactly how many of Walmart’s 2.3 million employees are using the Workplace service, but confirmed that it is Facebook’s largest […]
Read moreAmazon‘s recent $13.7 billion acquisition of Whole Foods won’t really change brick-and-mortar retail, billionaire real estate investor Sam Zell told CNBC on Tuesday. “I don’t mean to be disrespectful of Amazon, but I don’t think Amazon reinvented the wheel. I don’t think buying Whole Foods is going to make it easier for Amazon to fulfill […]
Read moreAlways the man of mystery, Elon Musk is building the excitement ahead of his presentation later this week about just how humans will travel to and live on Mars. The SpaceX chief will be presenting an updated vision for his plan to get humans to Mars at the International Astronautical Congress (IAC) conference in Adelaide, […]
Read moreJames Dyson, the billionaire inventor of the bagless vacuum cleaner, said his company was building a “radical” all-electric car for launch in 2020, with a commitment to spend 2 billion pounds ($2.7 billion) on solid-state battery technology and vehicle design. Dyson said a 400-strong team of engineers had already spent two and a half years […]
Read moreOath, the Verizon-owned parent company of Yahoo, is releasing for free some of its most important internal software, which the company has long used to make recommendations, target ads and execute searches. The Vespa software solves a common but surprisingly difficult problem: quickly figuring out what to show a user in response to input, like […]
Read moreThe abrupt resignation of Equifax CEO Richard Smith on Tuesday is a smart move for the credit-report service company, according to one Wall Street firm. “We believe the immediate retirement is a political positive for the company,” Cowen financial services policy analyst Jaret Seiberg wrote in a note to clients Tuesday. “Our view has been […]
Read moreTax and trade, the two big economic policy debates in the US right now, have long been viewed mainly through the lens of the country’s largest public companies. Their leaders want lower taxes, and claim that if the corporate rate were slashed from 35 per cent to 25 or 20 per cent (or better yet […]
Read moreTesla cars are set to be a far more common sight on roads around the world, says Morgan Stanley analyst Adam Jonas. The total number of Tesla vehicles out in the wild will grow by about 100 times through the year 2040, which has implications for investors and poses some potential challenges for Tesla’s service […]
Read moreMicrosoft CEO Satya Nadella spoke to CNBC’s “Squawk Alley” on Tuesday. “You don’t want to change everything,” Nadella told CNBC’s Jon Fortt. “You want to change the things that really matter.” Nadella took over from Steve Ballmer as Microsoft’s CEO in February 2014. It’s a big week for Microsoft: The company is announcing a slew […]
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