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Monthly Archives: November 2017

Senate GOP tax bill would hit lower-income Americans most: CBO report

Melina Mara | The Washington Post | Getty Images During a day of meetings about the Republican tax bill, Senate Majority Leader Mitch McConnell spoke to the media, November 9, 2017. The lowest-income American households would take a hit while higher-earning taxpayers would see their burden reduced under the Senate …

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Trump signals openness to changes in GOP tax plan

Carlos Barria | Reuters President Donald Trump promotes a newly unveiled Republican tax plan as he meets with House Republican leaders and Republican members of the House Ways and Means Committee in the Cabinet Room of the White House in Washington, November 2, 2017. President Donald Trump said Monday changes …

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Majority of Hudson’s Bay shareholders back $500 million Rhone investment

Ben Nelms | Bloomberg | Getty Images Signage is displayed inside a Hudson’s Bay store in downtown Vancouver, British Columbia. Canadian retailer Hudson’s Bay Co said almost two-thirds of its shareholders supported a $500 million investment by Rhone Capital, which was opposed by activist fund Land and Buildings LLC earlier …

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Samsung Cyber Monday deals include savings on smartphones and tablets

Getty Images DJ Koh, president of mobile communications business at Samsung, holds up the Samsung Galaxy Note 8 smartphone during a launch event for the new product, August 23, 2017. Samsung’s Black Friday deals are continuing through Cyber Monday, with savings on everything from smartphones to tablets. The discounts include …

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Single parents may lose in GOP tax overhaul

Getty Images House Way and Means Chairman Kevin Brady (L) (R-TX) and Speaker of the House Paul Ryan (R) (R-WI), joined by members of the House Republican leadership, introduce tax reform legislation November 2, 2017 in Washington, DC. Times are about to become more complicated for single parents and their …

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Irish government united on issue of border despite growing political rifts, finance minister says

Niall Carson | PA Images | Getty Images Finance Minister Paschal Donohoe during a press conference at the Department of Finance in Dublin where he made a statement on how the long-running affair into the tracker mortgage overcharging scandal will be handled in the coming months. Irish Finance Minister Paschal …

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Veteran strategists see bull market nearing end

Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle …

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Wall Street analysts dub Gap the ‘weekend winner’

Wall Street is declaring Gap Inc. a “weekend winner” as strong department store traffic over the Thanksgiving and Black Friday holiday hints at a better-than-expected holiday season. While analysts were impressed with mall shopping overall, Gap companies including Old Navy were the “biggest surprises.” “Traffic and conversion appeared solid on …

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The rise of Amazon and other online giants is creating a new sweet spot in UK real estate

Peter Macdiarmid | Getty Images Parcels are prepared for dispatch at Amazon’s warehouse in Hemel Hempstead, England. Miles Gibson, head of U.K. research at commercial real estate services and investment firm CBRE, told CNBC last week that industrials and logistics are performing “very strongly… and investors are seeing double-digit returns.” …

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Cartel poised to announce deal extension despite Russia concerns

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. OPEC ministers head to Vienna on Thursday to …

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