High-tax states could face credit risk from eliminating local and state tax deductions, says S&P Global Ratings
One of the early concerns around the GOP’s tax reform bill was the elimination of state and local tax deductions. That…
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Tax reform not likely to pass in 2017, shows Reuters Poll of 60+ economists
Despite the U.S. stock market getting an overall lift on what is largely seen as a positive move for businesses,…
October 2017 U.S. housing starts and residential permits grow at 12-month highs
New home constructions jumped 13.7% this October, representing the biggest surge in the past twelve months as housing starts saw…
If you want wealth, rent and invest instead of buying a home: Academic study
The Short: A new study conducted by Florida Atlantic University, Florida International University and the University of Wyoming found that…
NVIDIA Q3 2017 Earnings in a Nutshell. Really.
What’s it About? NVIDIA reported third quarter 2017 earnings yesterday, which blew past Wall Street estimates. Revenue and earnings grew…
Apple Races Past $900 Billion in Market Capitalization, First Trillion-Dollar Company?
For the first time in its history, Apple’s market capitalization went past $900 billion. Apple’s stock price closed trading on…
Roku Smashes its First Earnings Report after Going Public in $250M IPO
Roku, the digital streaming company that went public in September, reported its first quarterly earnings report, which beat Wall Street…
Tencent Ups its Investment in Snap Inc., Buys 12% of Shares on Open Market
WeChat’s parent company Tencent Holdings has purchased a 12% stake (146 million shares) in Snapchat’s Snap Inc. from the public…
OPEC World Oil Outlook Report: Surprising Demand Increase Through 2022
OPEC, the Organization of Petroleum Exporting Countries, has released this year’s World Oil Outlook Report, which showed an increase in…
Tesla Just Bought a Robot Company to Help Manufacturing Automation
EV maker Tesla Motors said Tuesday that it had agreed to buy Perbix Machine Co. Inc., a Minnesota-based designer and…
Salesforce Expects 20 Percent YoY Revenue Growth for Fiscal 2019
Salesforce.com, the Number One player in the CRM cloud software segment, has just given a booster shot to its already-surging…
Tax Reform Bill Gets Minor Tweaks, No Repeal of Affordable Care Act Insurance Mandate
Although the House Ways and Means Committee has now made minor amendments in the tax reform bill to how the…
How the GOP Tax Reform Bill Could Make Donald Trump Even Richer
The Trump administration’s tax reform bill is on everybody’s mind this week, or will be soon if the complex piece…
NFL Owners Hit by Tax Break Elimination in Proposed Republican Tax Reform Bill
The NFL and Trump’s government haven’t exactly been on great terms over the past months, but a new twist in…
Twitter First Needs to Win in the United States before Conquering the World
Home field advantage, or home advantage, is an extremely important one for a sports team. There is a reason why…