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Financial News of the Day

 

Amazon Opening Store That Will Eliminate Checkout — and Lines

05-12-2016

Amazon Opening Store That Will Eliminate Checkout — and Lines

Amazon.com Inc. unveiled technology that will let shoppers grab groceries without having to scan and pay for them -- in one stroke eliminating the checkout line. The company is testing the new system at what it’s calling an Amazon Go store in Seattle, which will open to the public early next year.... Read more

Trump the Tax Reformer

17-11-2016

Trump the Tax Reformer

What he says he’ll do: Trump says he’ll cut the corporate tax rate from 35 percent to 15 percent and impose a new one-time tax of 10 percent on profits held abroad. The seven brackets of the individual income tax would become three -- 12, 25, and 33 percent. The... Read more

A financial lesson from Russia: Expect the worst and don't whine

09-11-2016

A financial lesson from Russia: Expect the worst and don't whine

Buckle up, folks. After all the election drama, we could be in for a wild ride. With the specter of market mayhem and a world of economic a social change ahead, investors, savers, spenders, retirees and the rest of us certainly have a right to feel uneasy. However, as bad as things seem,... Read more

Steve Ballmer’s Plan to Make America Great Involves Excel Spreadsheets

07-11-2016

Steve Ballmer’s Plan to Make America Great Involves Excel Spreadsheets

Steve Ballmer is pretty bummed out about the election. A self-proclaimed "numbers guy," Ballmer said the truth is getting lost in the political rhetoric, and he wants to arm citizens with data to defend against lies by the campaigns. "Nobody seems to care about the facts," he said. When not jumping around on... Read more

These states have the most to lose with …

07-12-2016

These states have the most to lose with an Obamacare repeal

A repeal of the Affordable Care Act will have consequences far beyond the health exchanges that it set up and is best known for.... Read more

Market Snapshot: Stock market shakes off…

07-12-2016

Market Snapshot: Stock market shakes off Trump-inspired health-care drop to set intraday records

U.S. stocks were on a record run in Wednesday afternoon trade. The Dow industrials, S&P 500 and small-cap focused Russell 2000 all rose to all-time highs in intraday trade as stocks shook off early weakness... Read more

The Sniff Test: Tim Cook’s emails may no…

07-12-2016

The Sniff Test: Tim Cook’s emails may not be good for Apple’s investors over time

Apple Chief Executive Tim Cook once again chose this week to offset negative news with a selective disclosure of limited material information to a single member of the media, a move that flirts with the... Read more

Need to Know: This indicator says the st…

07-12-2016

Need to Know: This indicator says the stock market’s celebration has gone too far

If you’re wondering what keeps driving this market onward to fresh highs and past one potential black/gray swan after another, there are a couple of likely contenders. Here’s how one analyst sums up the recent... Read more

Italian Prime Minister Renzi formally re…

07-12-2016

Prime Minister Matteo Renzi tendered his resignation to the head of state on Wednesday following a weekend referendum in which Italians resoundingly rejected his proposed constitutional reforms. President Sergio Mattarella asked Renzi to carry on in a caretaker capacity while he holds... Read more

Op-Ed: Trump needs to be very, very care…

07-12-2016

Given that trade will likely be a significant issue going forward in the new administration, it's reasonable to ask what the likely impact will be on U.S. multinational companies doing business with China. Examples of complicated arrangements abound. The entanglements are significant and... Read more

Trump to pick retired Gen. John Kelly fo…

07-12-2016

President-elect Donald Trump plans to nominate retired Marine General John Kelly to lead the Department of Homeland Security, CBS News reported on Wednesday. Kelly, the former head of the U.S. Southern Command, has accepted the offer, CBS said, citing unidentified sources.A source familiar with... Read more

Micron to rally more than 50 percent as …

07-12-2016

Citi Research initiated coverage of Micron Technology with a buy rating, saying demand for its memory chips is rising and the industry's oversupply issues are getting under control. "Fundamentals of the DRAM industry are rapidly improving due to lower supply combined... Read more

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