- 2017-11-17 21:35:27Z
Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash ...
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong U.S. housing starts data for October.
Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans' tax overhaul plan. Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock market'
Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group. The price of chicken wings is at historic highs and is the root of deeper problems at the company. Buffalo Wild Wings has been struggling lately, with the stock falling 5.43% in the last year.
CHICAGO (AP) - The Rev. Jesse Jackson says he's been seeking outpatient care for two years for Parkinson's disease and plans to "dedicate" himself to physical therapy.
The House of Representatives took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980s, approving a broad package of cuts, while a Senate panel advanced its own version of the legislation. "The market is still kind of nervous with respect to the tax bill moving
MoviePass, the subscription service that lets consumers pay a monthly fee to see unlimited movies in theaters across the U.S., is slashing its prices yet again.
Self-described "obsessive learner" Max Deutsch challenged grandmaster Magnus Carlsen to a game of chess. What could possibly go wrong? Video: George Downs/WSJ. Photo: Gordon Welters for The Wall Street Journal
Amazon CEO Jeff Bezos knows what it takes to build a business worth billions and he has his grandfather to thank for part of his success.
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is ConocoPhillips COP. This year's expected earnings growth over the prior year is 120.4%, which should ultimately translate into price appreciation.
In the spring of 2007, a succession of foreigners, many from Russia, arrived at Panama City airport to be greeted by a chauffeur who whisked them off in a white Cadillac with a Donald Trump logo on the side.
BONN, Germany (AP) - Global talks on curbing climate change wrapped up Friday, with delegates and observers claiming progress on several key details of the 2015 Paris accord.
WASHINGTON (AP) - The Latest on allegations of sexual misconduct against Sen. Al Franken (all times local):
World stocks clawed back more losses on Friday after spending much of the week in the red, helped by signs of progress in U.S. tax reform and strong corporate results, though many hurdles remain to secure passage of a tax cut deal. The U.S. House of Representatives passed a tax overhaul expected to
BRUSSELS (AP) - The prime ministers of Spain and Belgium discussed their testy bilateral relations Friday as ousted Catalan leader Carles Puigdemont and four secessionist allies prepared for an extradition court appearance in Brussels.
BRUSSELS (AP) - The Latest on the political crisis in Catalonia (all times local):
ADMA, Lebanon (AP) - Lebanon-based businessmen who lost enterprises through dealings with members of Saudi Arabia's royal family and others in the kingdom are closely watching a new campaign led by the powerful crown prince targeting officials, princes and tycoons in the oil-rich kingdom, hoping
BAGHDAD (AP) - Iraqi forces backed by the U.S.-led coalition retook on Friday the last town in the country that was held by the Islamic State group, more than three years after the militants stormed nearly a third of Iraq's territory, the Defense Ministry said.
WASHINGTON (AP) - The Latest on the Republican-pushed tax overhaul legislation (all times local):
BAGHDAD (AP) - The Latest on developments in Iraq (all times local):
Boston Dynamics released a video of a human-like robot that can jump from one elevated block to another and do a backflip.
Zimbabwe's President Robert Mugabe made his first public appearance since the military put him under house arrest this week, attending a graduation ceremony to applause, even as the military announced ...
PARIS (AP) - French President Emmanuel Macron is trying on a new mantle: Mideast peacemaker. He's trying to defuse Lebanon's political crisis and preserve regional stability, by leveraging France's trade relations with rival players in the region and historical ties to its former protectorate
GOTEBORG, Sweden (AP) - European Union leaders warned Britain Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from December.
Investors pulled about $6.8 billion from high-yield bond funds last week, the third-biggest outflow on record, as investor jitters about the sustainability of yields at multi-year lows caused a selloff in risk assets.Emerging-market bond funds lost $
GOTEBORG, Sweden (AP) - The Latest on Brexit discussions (all times local):
MILAN (AP) - Mafia 'boss of bosses' Salvatore 'Toto' Riina died early Friday in a hospital while serving multiple life sentences as the mastermind of a bloody strategy to assassinate Italian prosecutors and law enforcement trying to bring down the Cosa Nostra, Italian media reported Friday
The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough. Inflation, last clocked at 1.4 percent, is expected to stay below the European Central Bank's target of just under 2 percent until at least the second half of 2019, according to the poll of over 80 economists taken Nov. 13-16. Euro zone economic growth has been surprisingly robust this year, outpacing both the United States and Britain simultaneously for the first time since the 2007-08 financial crisis, and also one of the most synchronous upturns across the euro zone...
WASHINGTON (AP) - Minnesota Sen. Al Franken faced a storm of criticism and a likely ethics investigation after a Los Angeles radio anchor accused him of forcibly kissing her and groping her during a 2006 USO tour. He was the first member of Congress caught up in the recent wave of allegations of sexual
WASHINGTON (AP) - Republicans have stretched closer to delivering the first big legislative victory for President Donald Trump and their party, whisking a $1.5 trillion overhaul of business and personal income taxes through the House. Thorny problems await in the Senate, though.
A massive fire at a senior living community in Pennsylvania injured at least 20 people and forced dozens more, many of whom were unable to walk, into the cold night air. The blaze was reported around 11 ...
The House passed a nearly $1.5 trillion tax bill that differs from legislation approved by the Senate Finance Committee. A comparison of the Republican-written measures:
HONOLULU (AP) - A man who acknowledges killing a woman nearly 40 years ago said he needed to plot and carry out his escape from a Hawaii psychiatric hospital to prove that he could behave properly out in the community.
Nov.17 -- Tesla Inc. unveils its first all-electric, long-range semi-truck at an event in Hawthorne, California.
LAS VEGAS (AP) - Thursday's Latin Grammy Awards were a love letter to Puerto Rico, with several artists dedicating their performances and awards to the island hard hit by Hurricane Maria.
NEW YORK (AP) - Jose Altuve and the Houston Astros have grown together, enduring an arduous rebuild and coming out the other side among baseball's best.
Tesla Inc (TSLA.O) upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. As the presentation appeared to end, the Tesla Semi
Base price is $200,000.
Tesla unveiled its new Roadster Thursday evening.The new Roadster will feature Plaid mode, which will enable it to do 0- 60 mph in just 1.9 seconds. This will make it the world's fastest production vehicle, the company claims. The base model of the vehicle will cost $200,000.
Fox News national security strategist Sebastian Gorka on the FBI informant regarding Uranium One deal.
TransCanada Corp.'s Keystone pipeline leaked an estimated 210,000 gallons of oil onto agricultural land in northeastern South Dakota, the company and state regulators said Thursday, but state officials ...
LinkedIn Founder Reid Hoffman makes his feelings known on President Donald Trump.
The U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. The Republican-led FCC voted 3-2 to eliminate
Republican U.S. lawmakers on Thursday took an important step toward the biggest tax code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by President Donald Trump. The tax debate now moves to the U.S. Senate, where that chamber's separate
U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill. Earnings-related gains in Wal-Mart (WMT.N) and Cisco (CSCO.O) also boosted stocks, and the MSCI index of world stocks rose
U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill. Earnings-related gains in Wal-Mart and Cisco also boosted stocks, and the MSCI index of world stocks rose after five consecutive daily losses. The Dow Jones Industrial Average and the S&P 500 chalked up their biggest percentage gains in over two months.
CNBC's Michelle Caruso-Cabrera reports the organization that decides whether credit default swaps should be triggered has decided that in the case of Venezuela, there should be CDS payments.
Nov.16 -- Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U.S. population, including hedge fund managers. Bloomberg's Peggy Collins has more on "Bloomberg Markets."
CNBC's Josh Lipton reports on Applied Materials quarterly earnings. Staphanie Link, TIAA Investments, and CNBC's Mike Santoli weigh in.
Stocks are closing solidly higher on Wall Street, driven by strong earnings from Wal-Mart Stores, Cisco Systems and other companies. The gains Thursday broke a two-day losing streak for the market and pushed the Nasdaq composite to another record high, its first in just over a week. Internet gear maker Cisco Systems rose 5.2 percent after reporting a bigger profit than analysts expected.