Finance


Puerto Rico makes case to Congress as default looms

Fallon, MBIA's co-president and chief operating officer. The announcement of the repayments came as Gov. Alejandro GarcĂ­a Padilla and other officials were testifying before the Senate Judiciary Committee, which is considering whether to give the is...

US Economy Adds 211000 Jobs In November, Unemployment Rate Stays At 5%

The U.S. added more jobs than expected in November, while the unemployment rate held at a seven-year low, solidifying thoughts that the Federal Reserve would hike interest rates later in the month. Economist surveyed by CNNMoney predicted there wou...

Texas backtracks on attempt to block Syrian refugee resettlement

In the wake of the Paris violence, Texas Governor Greg Abbott declared a hold on any further Syrian refugee resettlement in Texas . The state's Republican Governor Mike Pence said that, in the wake of the attacks in Paris, he could not justify m...

Facebook's Mark Zuckerberg Defends Giving Money to LLC

These aggressive tax-avoidance maneuvers impose a real cost: every dollar of income tax that Facebook doesn't pay is, ultimately, a dollar that must be made up by the rest of us, either through higher taxes on middle-income families or draconian cuts...

If Yahoo Sells Off Its Core Business, What's Left?

The company's future is being considered by the Yahoo board this week partly in response to a campaign by activist hedge fund and Yahoo shareholder Starboard Value , according to a Wall Street Journal article. Such an amount of traffic is what...

US health spending grew at fastest rate of Obama years

He noted that while the overall growth in spending had escalated, the increases in spending per-enrollee for both private insurance and Medicare were less than half of the rate of increase in the decade prior to the ACA. While hospitals still make up...

Audi to update diesel-engine software

Audi is working out a way to clean up the exhaust emissions of its 3.0L diesel V6 engine, the company said today in a statement . "The most unfortunate aspect of this whole situation for Volkswagen is they have to start the healing process and ...

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Breaking News

NCSC outlines ways to protect against WannaCry ransomware

Dore said companies that faced disruptions because they did not run the Microsoft update or because they were using older versions of Windows could face lawsuits if they publicly...

Assemblyman to host town hall meeting in Rome on health care proposal

Nonpartisan political experts are saying the vote could endanger the Republicans' House majority, and the initial polls indicate little support for the bill. Sen. However, this w...

Tesla Selling Solar Roof Tiles

They'll be economically competitive if priced similar to traditional roofing materials plus the cost of solar panels . Interested parties can place an order for a solar roof ...

Buffett: GOP Health Care Bill a Tax Cut for the Rich

Buffett said Saturday that health care costs have gone up incredibly, and are expected to continue increasing. Buffett says Wells Fargo didn't act promptly when it discovered the...

Ryan on Republicans not reading the bill: 'Bogus attack' from the left

While the bill is likely to remembered as one of the greatest bipartisan compromises of the decade, it is not without detractors. That means there will be controversy surrounding a...

Penguins overwhelm Penguins 5-2 to force Game 7

Washington systematically dismantled the defending Stanley Cup champions, who looked listless as they struggled to generate any kind of sustained pressure. But consider the intr...

Estate tax elimination only benefits wealthiest

However, Roberton Williams , a senior fellow at the Tax Policy Center , which analyzes the impact of tax policy changes, told us that Trump's plan "would save high-income peopl...

Trump's Proposed Corporate Tax Cut: In Perspective

That's because it will raise prices on imported goods, he explained. Business investment has been weak for the last couple of years, dragging down economic growth. As a result of...

Facebook shares dip from high as investors fret over costs, future profit

Meanwhile, the number of people using Facebook monthly increased 17 percent to 1.94 billion, according to the earnings report. Much of Facebook's profits was once again dri...

How Donald Trump's U.S. tax cuts could impact Australia

But especially on the business side, Trump's plan lacks numerous details needed to make the numbers work. The data came from S&P Capital IQ and is based on SEC filings. "This is a...

Special Reports

Trump administration unveils tax reform proposal

Mnuchin described the AMT as an unnecessary complication ti the tax code. Though Trump refuses to release any recent tax returns, information from his 2005 return indicates that ...

Trump approaches 100 days in power

Trump approaches 100 days in power

President Donald Trump is under heavy scrutiny as the first symbolic milestone of his presidency fast approaches - but it seems Trump is giving himself a pass on his 100-days marke...

Trump calls Canada's dairy trade policies a 'disgrace'

Weins, who did not offer any advice on renegotiating NAFTA given Trump's insistence upon changing the trade rules, says the problems facing USA dairy farmers were all created by o...

Trump to announce important tax reform next week

Trump signed an executive order to review major regulations set a year ago and simplify America's notorious tax filing process . "They're too complicated", he said. White House of...

Sharks' Thornton, Couture game-time decision

If the Oilers want to leave victorious and tie this series up, they will have to put on tremendous pressure and get shots on net. Now we need to win game two. It was the first t...

Rondo the kingpin as Bulls hit overdrive

Rondo the kingpin as Bulls hit overdrive

While Butler is averaging 26.0 points, 8.5 rebounds, 5.5 assists, 2.5 steals and 1.5 blocks per game so far this postseason, Rondo is at 11.5 points, 10.0 assists, 8.5 rebounds and...

Watch Addison Russell Hit Big Walk-Off Home Run Against Brewers

Watch Addison Russell Hit Big Walk-Off Home Run Against Brewers

If anyone tries to sell the ring, the Cubs have the right to buy the ring back for $1! During the nine-game homestand, you had wind variances blowing in at 25 miles per hour to ...

Real Brexit talks will only start after June vote: EU Commission

Theresa May has said a snap general election is necessary to prevent opposition parties at Westminster "frustrating" the Brexit process. With Mrs May needing the support of 434...

UK prime minister defends decision to seek snap election

Britain is now gearing up for its third general election in seven years, which comes less than a year after the divisive referendum that decided the United Kingdom would withdraw ...