Business

A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a “cynical bill” that will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is “just putting money in the pocket of the wealthy.” And in Kansas, a Democratic candidate for
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After the African nation dealt with around four decades of Mugabe’s rule, Mnangagwa told the public that Zimbabwe was entering a new stage of democracy. With the new leader promising to boost the economy by tackling unemployment and poverty, people worldwide will be paying close attention to Mnangagwa’s actions in 2018, to see how he
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Amazon‘s search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re
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Tesla will make a pickup truck in the future, Chief Executive Elon Musk said on Tuesday, adding that he was “dying to build it.” Musk took to Twitter to ask his 17.1 million followers how the electric car and power company “can improve further.” While many talked about the various software upgrades, one Twitter user
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In its news releases and presentations, Facebook has framed the development of its fundraisers as part of a broader effort to do “social good.” Experts said that may be true. But they say there is almost certainly another motivation, too. Keith A. Quesenberry, an assistant professor of marketing at Messiah College in Mechanicsburg, Pa., said
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Banks have long been at an advantage when it comes to data on their customers. From current accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, that could all be about to change. On January 8, banks operating in the
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SpaceX is set to launch 10 Iridium satellites on Friday, marking a halfway point in a contract to deliver 75 satellites to low-earth orbit for the satellite communications provider. When completed, this “constellation” of low-earth-orbit satellites could revolutionize air traffic control, allowing planes to fly shorter and more direct routes. The key is a system
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Nicholas Kamm | AFP | Getty Images Jared Kushner, son-in-law and senior adviser of President Donald Trump. Federal prosecutors are seeking information about Trump senior advisor Jared Kushner’s real estate business, The New York Times reported Friday, citing four sources. Prosecutors in the United States attorney’s office for the Eastern District of New York subpoenaed
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Tens of thousands of National Guardsmen, reservists and active-duty federal military personnel responded to the storms, providing search and rescue recovery assistance in the affected areas. Also, the military helped clear thousands of miles of roads, opened damaged ports and delivered emergency supplies and equipment. Army Brig. Gen. Patrick M. Hamilton, commander of the Texas
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Qualcomm on Friday rejected the 11 director nominees picked by Broadcom and private-equity firm Silver Lake Partners, likely setting the stage for a bitter proxy battle between the chipmakers. Broadcom earlier this month took its first formal step to replace Qualcomm’s board with its slate of nominees. Qualcomm in November rejected Broadcom’s $103 billion cash-and-stock
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Papa John’s says its founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players. The company said Thursday that Schnatter remains chairman but be replaced as chief executive by Chief Operating Officer Steve Ritchie on Jan. 1. Schnatter
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Qilai Shen | Bloomberg | Getty Images The payment confirmation page is displayed on the Didi Chuxing application in this arranged photograph taken in Shanghai, China, on Sunday, May 22, 2016. China‘s ride-hailing giant Didi Chuxing has raised over $4 billion in its latest round of funding, the company said on Thursday, posing a challenge
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