Business

Clinton proposes closing real estate loophole, not Trump

Clinton's estate-tax plan has the largest economic impact of her policies, because the higher rates would "greatly reduce the incentive to save and invest", the Tax Foundation said . Investment managers would pay higher taxes on the "carried interest" that makes up much of their income under Donald Trump's tax plan, said Wilbur Ross, the billionaire distressed-debt investor and Trump support... [Full Article...]

Oil prices fall on higher OPEC output, rise in US crude stocks

Oil prices fall on higher OPEC output, rise in US crude stocks Falling in the aftermath of the US Energy Information Administration's weekly inventory update, then clawing higher about 30 mins after the report was released. Futures declined as much as 0.8 per cent in NY after falling 1.2 per cent yesterday. The crude price is estimated to have fallen around 1.4 per cent from the one year high of US$53.73 per barrel to US$52.41 a barrel for Brent crude oil. [Full Article...]

Humana, Cigna star ratings fall, dragging down stocks for merger partners

Humana, Cigna star ratings fall, dragging down stocks for merger partners In a press release , Humana said, "The company believes that the decline is primarily attributable to the impact of lower scores for certain Stars measures as a result of the company's recently-closed comprehensive program audit by CMS". [Full Article...]

Scottish govt takes step toward another independence vote

Scottish govt takes step toward another independence vote Brexit has become Tory Brexit. But her drive for a second independence poll is not only letting Scotland down. "But not everyone was cheering". Sturgeon also argued the right-wing of the Conservative party had "no mandate" for a hard Brexit, warning it could mean 80,000 jobs being lost in Scotland, with wages would be hit by up to £2000. [Full Article...]

How the Dow Jones industrial average fared on Wednesday

The S&P 500 is down 14.56 points, or 0.7 percent. The S&P 500 gained 13.33 points, or 0.62 per cent, to 2,167.07, Xinhua news agency reported. At the same time, investors are bracing for the U.S. St. Jude dropped 3 percent in heavy premarket trading after the company warned that some of its implanted heart devices are at risk of premature battery depletion, a condition it said had been linke... [Full Article...]

Wilsey Asset Management Inc Lowers stake in General Motors Company (GM)

Wilsey Asset Management Inc Lowers stake in General Motors Company (GM) Ford Motor has a consensus rating of "Hold" and an average price target of $14.06. "The stock has been suggested as "Buy" from "9" Analysts". Zacks Investment Research downgraded Ford Motor from a "hold" rating to a "sell" rating in a research report on Monday, July 18th. [Full Article...]

US stocks open flat ahead of Fed minutes

US stocks open flat ahead of Fed minutes Those seeking to raise rates have cited strong job growth and warned that delaying could require the Fed to raise them suddenly in the future, creating an unnecessary shock to the economy. As far as inflation is concerned, many members remarked that there were few signs of emerging inflationary pressures while progress on meeting inflation targets had been slow. [Full Article...]

RBS defends bank against allegations it squeezed struggling businesses

RBS defends bank against allegations it squeezed struggling businesses Internal emails handed to BuzzFeed News and the BBC show the bank implemented a plan to squeeze customers facing financial difficulty called "Project Dash for Cash", and even gave bonuses to staff who could identify struggling firms and increase the amount of money extracted from them. [Full Article...]

Gable Tostee balcony death trial begins

Gable Tostee balcony death trial begins August 15, 2014 - Tostee arrested at parent's house in Carrara, charged with murder. Part of a recording between Gable Tostee and the woman he is accused of murdering, detailing alleged moments of violence and expletive-ridden conversations before her fatal fall from his Gold Coast apartment balcony, has been played to a court. [Full Article...]

Pence says Clinton should not compare to Lincoln

Pence says Clinton should not compare to Lincoln And not just any Lincoln , but Steven Spielberg's version. At that time, she said she needs a private and public position and said it was a tactic of Lincoln's . But Clinton also spent much of her time not clarifying her statements, but going on a now-familiar rant about how the Russians may be responsible for these leaked speeches. [Full Article...]

Climate activists shut down 5 tar sands oil pipelines

Climate activists shut down 5 tar sands oil pipelines Spectra Energy Corp. also said it shut a section of its Express Pipeline in Montana after activists trespassed and interfered with a valve. What protesters did not realize is that the crude oil is pumped at extremely high pressure through the pipelines. [Full Article...]

FTSE 100 Rallies to Set Record Intraday High

FTSE 100 Rallies to Set Record Intraday High The UK benchmark index rose as much as 0.5 percent to a record intraday high of 7,129.83 points, before settling back a touch to stand 0.05 percent higher at 7,101.12 as of 13:50 BST. London's blue-chip index was supported by the weak pound, which dropped to $1.2247 earlier today. An exchange rate shock is not a very stable basis for record high stock prices. [Full Article...]

Amazon plans to expand grocery business with new convenience stores

Amazon plans to expand grocery business with new convenience stores Amazon has invested heavily in its "Fresh" service, which offers free grocery delivery to its Prime customers. Amazon refused to comment on the speculation surrounding the new stores, which would follow the Seattle-based company's launch of a physical book shop in its home town a year ago. [Full Article...]

Hurricane Matthew: Death toll rising in Haiti

As of 7 p.m. CDT Matthew was located 40 miles east of Cape Fear, N.C., and was moving east-northeast at 13 mph. Over the course of the day, Matthew could scour its way up a 965-kilometer strip of coast from Boca Raton in Florida to just north of Charleston, South Carolina, driving seawater and heavy rain inland. [Full Article...]

Now You Can Swap Your Galaxy Note 7 At AT&T, Sprint,…

Various reports also suggest that the current scenario could mean the end of the road for Galaxy Note 7. The Note 7 is still listed on the United States carrier's website, it's possible that the company would expect the CPSC to post the official findings of its investigation before going forward with the decision to stop sales of the Note 7 to its customers. [Full Article...]

Oil prices fall over doubts that non-OPEC producers will cut output

Speaking at the World Energy Congress in Istanbul , Al-Falih said that it is "not unthinkable that we could see $60 [a barrel] oil by year-end". The goal is to cut production to a range of 32.50-million to 33-million barrels a day. US futures CLc1 also retreated from last week's highs, and were last down 30 cents at $49.51 a barrel. Brent crude hit its highest level since October 12, 2015, re... [Full Article...]

Berkeley community members gather to celebrate Indigenous Peoples Day

Berkeley community members gather to celebrate Indigenous Peoples Day Same goes for Hawaii , which has always celebrated Discoverers' Day in honor of the Polynesian explorers who colonized the Hawaiian islands, instead of Columbus. Today is also the 64th Columbus Day Parade in Little Italy which kicks off at 12 p.m. In most places, Indigenous Peoples Day does not replace Columbus Day or make it a paid holiday if it was not already one. [Full Article...]

Warren Buffett responds to Donald Trump's tax comments

On Monday, however, Buffett fired back that Trump doesn't know what he's talking about. Buffett said his adjusted gross income for 2015 was $11.6 million, and his charitable donations for the year hit $2.9 billion . In any case, since Trump was able to claim that he was $916 million poorer, the Internal Revenue Service would not have forced him to pay taxes on any income for at least 15 yea... [Full Article...]

Green Day in Green Bay: March 30 at Resch

It's already been turned into a Broadway musical - and now Green Day's " American Idiot " album is set to become a movie. The band, which is a member of the Rock and Roll Hall of Fame, announced its Revolution Radio North America Tour, and it includes a stop at Duluth's Infinite Energry Arena on March 10. [Full Article...]

AT&T bails on Galaxy Note 7: We won't offer Samsung's replacements

Looks like there will be another recall-a recall of the replacement Samsung Galaxy Note 7. Samsung said on its official website that it understands the concern of carriers and users' about the replacement units of the Note 7 that are being released. [Full Article...]


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