Tag Archive: 10 day guarantee

4 Big Problems with Treasury’s Report Showing Tax Cuts Pay for Themselves

4 Big Problems with Treasury’s Report Showing Tax Cuts Pay for ThemselvesFor months, Treasury Secretary Steven Mnuchin has claimed that the Republican tax plan will more than pay for itself by generating faster economic growth, adding that more than 100 people in his department were “working around the clock” on modeling various estimates of the plan’s effects. Maybe the administration was better off that way. The Treasury Department on Monday released a one-page “analysis” of the Senate tax bill — 470 words, including footnotes, on a roughly 470-page bill — asserting that the Trump administration’s overall economic agenda would generate about $1.8 trillion in additional revenue over 10 years, more than offsetting the roughly $1.5 trillion cost of the tax cuts.

Source: Yahoo Finance

Oil prices slip under shadow of U.S. drilling

Oil prices slip under shadow of U.S. drillingOil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. Brent crude futures, the international benchmark for oil prices, were 15 cents lower at $63.25 a barrel at 0950 GMT. U.S. West Texas Intermediate (WTI) crude futures were at $57.03 a barrel, down 33 cents from their last settlement.

Source: Yahoo Finance

Apple May Soon Get Another OLED Display Supplier

Apple May Soon Get Another OLED Display SupplierA recent regulatory filing from a major display manufacturer suggests that Apple could soon get another supplier of OLED mobile displays.

Source: Yahoo Finance

The Latest: Mississippi flag protested at museum opening

The Latest: Mississippi flag protested at museum openingThe Latest on President Donald Trump’s visit to Mississippi for the opening of museums dedicated to the state’s history and its role in the civil rights movement (all times local): 11:20 p.m. Mississippi …

Source: Yahoo Finance

Here's how Amazon's and Apple's new smart speakers stack up with consumers (AMZN, AAPL)

Here's how Amazon's and Apple's new smart speakers stack up with consumers (AMZN, AAPL)This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Smart speakers — Amazon’s Echo, for example — are the latest device category poised to take a chunk of our increasingly digital lives.

Source: Yahoo Finance

BANK OF AMERICA: The dollar is set for a big rebound after a difficult year

BANK OF AMERICA: The dollar is set for a big rebound after a difficult year“It seems to us that the consensus is that the tax reform will not matter much, which is consistent with what our survey data and the feedback during our recent client meetings suggest,” said Athanasios Vamvakidis, the global head of G10 FX Strategy at Bank America Merrill Lynch, in a note on Friday. “In contrast, we have been arguing that the US tax reform is a big deal and will support the USD in early 2018.” That the dollar has not gained since the Senate passed its version of the Tax Cuts and Jobs Act last weekend shows “the market seems to be pricing almost nothing,” he added.

Source: Yahoo Finance

Bitcoin drops after dramatic gains ahead of futures launch

Bitcoin drops after dramatic gains ahead of futures launchLONDON/NEW YORK (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it was still changing hands at about $15,900 on the Luxembourg-based Bitstamp. Having then climbed to $16,666 on Bitstamp at around 0200 GMT on Friday, it tumbled to $13,482 by around 1200 GMT – a slide of more than 19 percent.

Source: Yahoo Finance

Actuaries Warn Congress About Dangers of Repealing the Obamacare Mandate

Actuaries Warn Congress About Dangers of Repealing the Obamacare MandateThe American Academy of Actuaries — a group representing the people who actually set insurance prices — warned Tuesday that repealing Obamacare’s individual mandate would lead to higher health care premiums and could drive insurers from the market. The Congressional Budget Office has estimated that repealing the mandate would lead to about 13 million fewer Americans having insurance by 2027, and about $338 billion in federal savings over 10 years as the government spends less on Obamacare subsidies.

Source: Yahoo Finance

Kinder Morgan Inc. Expects to Finally Start Growing Again in 2018

Kinder Morgan Inc. Expects to Finally Start Growing Again in 2018The pipeline giant put out its financial expectations for next year, which forecast an increase in cash flow for the first time in a few years.

Source: Yahoo Finance

General Motors' Chevy Bolt Just Beat Every Tesla in Sales

General Motors' Chevy Bolt Just Beat Every Tesla in SalesGM's little electric car had its best month yet in November.

Source: Yahoo Finance

1 High-Risk Penny Stock That May Be Worth Buying

1 High-Risk Penny Stock That May Be Worth BuyingThe market might be dead wrong about clinical-stage cancer company Geron, which gives risk-tolerant investors the potential for explosive gains.

Source: Yahoo Finance

Oil falls after U.S. drilling picks up

Oil falls after U.S. drilling picks upOil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension to output cuts agreed last week by OPEC and other producers. Drillers in the United States added two oil rigs in the week to Dec. 1, bringing the total count to 749, the highest since September, energy services company Baker Hughes said in its closely followed report late on Friday. February Brent crude futures were down 54 cents at $63.19 a barrel by 1003 GMT, while U.S. West Texas Intermediate was down 61 cents at $57.75.

Source: Yahoo Finance

Airbus's Bregier sees 2017 aircraft deliveries topping 700

Airbus's Bregier sees 2017 aircraft deliveries topping 700Airbus (AIR.PA) planemaking chief Fabrice Bregier said the company still expects to deliver more than 700 aircraft to customers in 2017, a production record, despite delays in deliveries of engines from suppliers, according to an interview in Monday’s Les Echos newspaper. Bregier said slightly fewer than 600 aircraft had been delivered by the end of November.

Source: Yahoo Finance

China's Xi says country will not close door to global internet

China's Xi says country will not close door to global internetChinese President Xi Jinping said on Sunday the country will not close its door to the global internet, but that cyber sovereignty is key in its vision of internet development. Xi’s comments were read by Huang Kunming, head of the Chinese Communist Party’s publicity department at the country’s largest public cyber policy forum in the town of Wuzhen in eastern China. “The development of China’s cyberspace is entering a fast lane…China’s doors will only become more and more open,” said Xi in the note.

Source: Yahoo Finance

Senate OKs tax bill as Trump, GOP near big legislative win

Senate OKs tax bill as Trump, GOP near big legislative winRepublicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after a burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant …

Source: Yahoo Finance

The Latest: AP sources link KT McFarland to Flynn papers

The Latest: AP sources link KT McFarland to Flynn papersThe Latest on the investigations into Trump campaign associates and Russian election interference (all times local): 5:45 p.m. Former Deputy National Security Adviser KT McFarland is an unnamed senior …

Source: Yahoo Finance

Samsung and Apple defend top two spots in the global smartphone market (AAPL)

Samsung and Apple defend top two spots in the global smartphone market (AAPL)Global market leaders Samsung and Apple were able to defend the two top spots from Chinese competitors despite increased competition. As we can see in this chart from Statista, Samsung saw the most impressive quarter overall, with a whopping 19.3% increase in sales. According to Gartner, the last time Samsung saw this type of growth was the fourth quarter of 2015.

Source: Yahoo Finance

McCain Backs the Tax Bill, Odds of Passing It Soar

McCain Backs the Tax Bill, Odds of Passing It SoarArizona Republican John McCain, a critical vote on the Senate’s tax bill, said Thursday that “after careful thought and consideration” he’s decided to support the legislation: “I believe this legislation, though far from perfect, would enhance American competitiveness, boost the economy, and provide long overdue tax relief for middle class families.”

Source: Yahoo Finance

The rogue Twitter employee who briefly banned Trump's account explains how and why it happened (TWTR)

The rogue Twitter employee who briefly banned Trump's account explains how and why it happened (TWTR)A man named Bahtiyar Duysak believes he was the Twitter employee who deactivated Trump’s account for 11 minutes earlier this month. For 11 minutes earlier this month, President Trump’s Twitter account was deactivated. Shortly before the end of his last day working in Twitter’s department that handles reports of bad behavior, a report on Trump’s twitter account came in.

Source: Yahoo Finance

Matt Lauer Made at Least $100 Million Before NBC Fired Him. Here's What We Know About His Money

Matt Lauer Made at Least $100 Million Before NBC Fired Him. Here's What We Know About His MoneyMatt Lauer Made at Least $100 Million Before NBC Fired Him. Here's What We Know About His Money

Source: Yahoo Finance

NKorea launches ICBM in possibly its longest-range test yet

NKorea launches ICBM in possibly its longest-range test yetAfter 2 ½ months of relative peace, North Korea launched its most powerful weapon yet early Wednesday, claiming a new type of intercontinental ballistic missile that some observers believe could put Washington …

Source: Yahoo Finance

Meat-loving Arby's buying Buffalo Wild Wings

Meat-loving Arby's buying Buffalo Wild WingsNEW YORK (AP) — Meat-centric sandwich chain Arby's said Tuesday that it's buying Buffalo Wild Wings for about $2.4 billion, making it the latest casual restaurant chain to be taken private.

Source: Yahoo Finance

There's another big way to profit from bitcoin, CEO says

There's another big way to profit from bitcoin, CEO saysInstead of speculative investing, institutions can profit from bitcoin by becoming market makers for the cryptocurrency, says BitSpread CEO Cedric Jeanson.

Source: Yahoo Finance

Mulvaney Freezes Regulatory Actions at CFPB

Mulvaney Freezes Regulatory Actions at CFPBNov.27 — Mick Mulvaney, the White House budget director locked in a struggle with an Obama-era holdout for control of the Consumer Financial Protection Bureau, speaks about his first day at the agency and his imposition of a 30-day freeze on new regulations.

Source: Yahoo Finance

Billionaire Koch brothers help Meredith secure £2.8bn deal to buy Time Inc

Billionaire Koch brothers help Meredith secure £2.8bn deal to buy Time IncMeredith Corporation is to buy Time Inc for $2.8bn (£2.1bn) after securing extra funding from billionaire brothers Charles and David Koch. The media conglomerate expressed interest in buying Time earlier this year but had to walk away when it could not secure the necessary financing. Now a $650m cash injection from Koch Equity Development, a fund owned by the Koch brothers, has enabled Meredith to complete the deal. Iowa-based Meredith will buy Time's eponymous magazine, as well as other titles in the portfolio such as Fortune and Sports Illustrated. British magazines owned by Time Inc's UK subsidiary will also be sold, such as Marie Claire, Livingetc and NME, which were formerly owned by IPC Media before it was rebranded in 2014. Meredith's deal values the company's assets at about $1.7bn with the remainder buying up Time Inc's debt. The merger is expected to be finalised in the first quarter of 2018. Meredith, which owns titles including Better Homes & Gardens and Family Circle, will now have a combined readership of just under 200 million people, including paid circulation of nearly 60 million. The firm's chairman and CEO Stephen Lacy said: "We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile and social platforms positioned for growth." Meredith played down concerns that the Koch brothers, two of the world's richest men who are known for their advocacy of conservative and libertarian policies, would have a say in the editorial direction of the company. It said: “[Koch Equity Development] will not have a seat on the Meredith board and will have no influence on Meredith’s editorial or managerial operations. "KED’s non-controlling, preferred equity investment underscores a strong belief in Meredith’s strength as a business operator, its strategies, and its ability to unlock significant value from the Time acquisition.” The boards of both companies have approved the transaction, Meredith added.

Source: Yahoo Finance

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