The House Republican tax plan may have a deficit problem. The GOP bill including a recent amendment would increase federal budget deficits by $1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office. That includes money for additional debt service payments due to the bill. Under […]
Read moreAs Kroger moves to cloud computing, the nation’s largest grocery store chain is sending millions of dollars to Microsoft and Google. But not to Amazon. “For obvious reasons competitively, it doesn’t make sense for us to do a ton to help grow that business for them,” Chris Hjelm, Kroger’s chief information officer, told CNBC in […]
Read moreScientists who understand the potential of artificial intelligence have a significant fear: killer robots, also known as autonomous weapons. In August, more than 100 technology leaders, including Tesla and SpaceX CEO Elon Musk, signed an open letter calling on the United Nations to ban the development and use of artificially intelligent weaponry. Musk has tweeted […]
Read moreOne year to the day from the announcement that Vespa was getting its first electric option, parent company Piaggio has returned to the Milan Motorcycle Show and let loose (almost) all the information about the forthcoming scooter. What’s missing, unfortunately, is the price. There’s also no exact window on when it will ship in 2018. […]
Read moreIt’s the best performing stock in the last year that Wall Street just can’t catch up to. Shares of Nvidia are up 194 percent over the last 12 months, but the stock has one of the biggest gaps between Wall Street analysts’ target price and its actual price. According to one portfolio manager, however, the […]
Read moreInvestor confidence soared after the 2016 election of Donald J. Trump, sending the U.S. stock market on a tear that would last a full year. It also made housing more expensive. That is because when the stock market rallies, the bond market usually sells off, and bond yields rise. Mortgage rates loosely follow the yield […]
Read moreMicrosoft is doing more with its big LinkedIn acquisition, and it could help you score your next job. On Wednesday the company is taking the covers off something called a Resume Assistant for its Word program. Drawing on LinkedIn data, the tool shows you how other people have described jobs that are similar to yours […]
Read moreChina and the U.S.’ competition for dominance in artificial intelligence (AI) “does seem a little like the space race of the ’50s,” a leading technology venture capitalist said Wednesday. Jim Breyer, founder of Breyer Capital, spoke to CNBC at Web Summit in Lisbon, Portugal. “You have two remarkable, large, innovative countries, hiring, promoting – in […]
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Traditional money managers are racing to sell their own exchange traded funds as investors continue to pour money into a business that has been dominated by a handful of giant fund companies. “The industry is following the flows. Passive strategies and smart beta are gaining market share and no one wants to be left out […]
Read moreU.S. crude oil production hit an all-time high last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy Information Administration reported on Wednesday. That just slightly topped a […]
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