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Monthly Archives: November 2017

Syria’s Assad travels to Russia, meets with Putin

Mikhail Klimentyev | TASS | Getty Images Syria’s President Bashar al-Assad (2nd L), Russia’s President Vladimir Putin (C back), Russia’s Defense Minister Sergei Shoigu (C front), and his first deputy, Chief of the General Staff of the Russian Armed Forces Valery Gerasimov (R) are pictured during a meeting at Bocharov …

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How to read in self-driving cars without getting sick

As anyone with a long commute knows, motion sickness can be a major deterrent to reading during a car ride. Ride-hailing company Uber has an idea to address this frustrating problem, according to a patent application published this month. And it’s not about protecting the upholstery. It works with self-driving …

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The debt time bomb that keeps growing and now equals nearly half of U.S. GDP

Corporate debt is at its highest level relative to U.S. GDP since the financial crisis , and while not now a concern, that mountain of corporate IOUs could quickly turn into a heap of worry under the right circumstances. Fueled by low interest rates and strong investor appetite, debt of …

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Senate GOP tax plan to ultimately raise taxes for half of US: Tax Policy Center

Nicholas Kamm | AFP | Getty Images President Donald Trump shows samples of the proposed new tax form at the White House in Washington, DC, on November 2, 2017. President Donald Trump on Monday promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group said the Senate …

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FCC Chairman Ajit Pai will reveal plans to dismantle net neutrality

Brad Quick | CNBC Ajit Pai, at the Mobile World Congress in Barcelona, Spain on February 28, 2017. Federal regulators are expected to scrap Obama-era rules that require internet service providers to treat all web traffic equally, according to Politco. Federal Communications Commission (FCC) Chairman Ajit Pai, who was appointed …

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Airbnb wrote a letter to Marriott, claiming hotel fleeces taxpayers

Mike Segar | Reuters Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. So much for holiday spirit. Airbnb and the hotel industry are lashing out at …

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Don McGahn to take questions in Mueller probe

Getty Images Don McGahn, general counsel for the Trump transition team, gets into an elevator in the lobby at Trump Tower, November 15, 2016. White House Counsel Don McGahn will be interviewed by investigators connected with Special Counsel Robert Mueller’s Russia probe some time in the next few weeks, CNBC …

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Time Warner shares fall after DOJ says it will make a major antitrust announcement

Andrew Harrer | Bloomberg | Getty Images Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc., listens during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. Shares of Time Warner fell 1.1 percent on Monday on the back of reports that …

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Shares of Outback Steakhouse owner surge 11% after activist Jana discloses stake

Victor J. Blue | Bloomberg | Getty Images Customers enter a Bloomin’ Brands’ Outback Steakhouse restaurant at the Queens Place Mall in the Queens borough of New York. The activist hedge fund Jana Partners took an 8.7 percent stake in Bloomin’ Brands, operator of Outback Steakhouse and other restaurants, calling …

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Dow Jones transportation average is trading right above a key level

I’ve been taking notice of the Dow transports in recent sessions, as the index lagged the broader market on Friday but managed to hold just above key support. Here’s why I’m watching the group, and particularly airline stocks. The 200-day moving average has proved solid support for the Dow Jones …

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