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Monthly Archives: November 2017

Senate tax bill would add $1 trillion to the deficit, JCT report says

Getty Images Protesters demonstrate near the full Senate budget committee markup of the tax reform legislation on Capital Hill November 28, 2017 in Washington, DC. Sen. Ron Wyden, D-Ore., the ranking member on the Senate Finance Committee, quickly seized on the JCT score Thursday. “The growth fantasy is over,” he …

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Blue Apron names Brad Dickerson as new CEO

Lucas Jackson | Reuters Blue Apron CEO Matthew B. Salzberg speaks on the floor of the Exchange during the company’s IPO on the New York Stock Exchange, June 29, 2017. Meal-kit company Blue Apron announced Thursday that CFO Brad Dickerson will replace co-founder Matt Salzberg as CEO. Salzberg will become …

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OPEC and Russia agree to extend oil cut to end of 2018

Leonhard Foeger | Reuters OPEC President, Saudi Arabia’s Energy Minister Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo talk to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. “To the market, we say there are no …

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Bitcoin dwarfing some of the largest market bubbles of all time

Bitcoin already has the look of one of the biggest financial market bubbles of all time. Source: Birinyi Associates If bitcoin is indeed a cryptocurrency bubble, it’s already much larger than the Nasdaq in the late 1990s, the Dow in the roaring 1920s, and silver in the late 1970s. Birinyi …

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Manafort reaches $12 million bail agreement with special counsel that could allow him to travel

Andrew Harrer | Bloomberg | Getty Images Paul Manafort, former campaign manager for Donald Trump, arrives to the U.S. Courthouse for a bond hearing in Washington, D.C., on Monday, Nov. 6, 2017. Attorneys for former Trump campaign chairman Paul Manafort have reached a deal with the special counsel’s office to …

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HCA Healthcare shares surge after JPMorgan singles it out as tax cut play

Shares of HCA Healthcare surged more than 6 percent Thursday after JPMorgan research concluded that the company would “disproportionately benefit” from the Republican tax plan. Should the GOP muster enough congressional support to lower the corporate tax rate to 20 percent as planned, JPMorgan analyst Gary Taylor believes HCA Healthcare …

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Peter Thiel Stanford Review network bigger than PayPal mafia Palantir

Getty Images Venture capitalist Peter Thiel of the Founders Fund and other technology executives and leaders attend the inaugural meeting of the American Technology Council in the Indian Treaty Room at the Eisenhower Executive Office Building next door to the White House June 19, 2017 in Washington, DC. Peter Thiel …

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CNBC Rapid Update: Economists lower GDP estimates

Michael Nagle | Bloomberg | Getty Images Customers shop at a Home Depot Inc. store in Jersey City, New Jersey. Economists slashed fourth quarter GDP growth tracking estimates by 0.3 percentage points, to a median of 2.4 percent, according to CNBC/Moody’s Analytics Rapid Update. The quarter’s growth pace would be …

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FedEx position for ‘generational shift’ to e-commerce

Delivering packages by rocket and developments in blockchain technology may be the future of shipping but the latest bullish case for FedEx looks at a different industry transformation: e-commerce. “A generational shift to ecommerce shipments, solid global trade prospects, management’s incremental focus on improving returns and a cheap valuation make …

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GM to take on ride-sharing services with self-driving cars by 2019

Elijah Nouvelage | Reuters Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. General Motors is preparing to take on Uber, Lyft and other ride-hailing companies with its own self-driving ride-hailing service by …

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