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Monthly Archives: November 2017

GOP tax reform plan advanced by House Ways and Means Committee

Getty Images House Ways and Means Committee Chairman Kevin Brady (R-TX) (L) sets down a copy of the current tax code as he and ranking member Rep. Richard Neal (D-MA) prepare for the first markup hearing of the proposed GOP tax reform legislation in the Longworth House Office Building on …

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DIS, JWN, NVDA & more

Aly Song | Reuters People walk at Shanghai Disney Resort during a three-day Grand Opening event in Shanghai, China, June 15, 2016. Check out the companies making headlines after the bell: Disney shares climbed 2 percent in the extended session after the mass media company missed fourth quarter earnings estimates. …

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Loeb’s Third Point reportedly takes stake in major US mall owner

David Paul Morris | Bloomberg | Getty Images Daniel Loeb, chief executive officer of Third Point LLC, speaks at the Skybridge Alternatives conference in Las Vegas, May 18, 2017. Another U.S. mall landlord could be facing activist pressure. Dan Loeb’s hedge fund, Third Point, has reportedly built a position in …

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Nvidia earnings Q3 2018

Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Nvidia is slated to report third quarter earnings after the bell Thursday. Here’s what Wall Street expects: EPS: 94 cents per share according to Thomson …

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It’s not just the US — emerging markets are having a record year

Equity markets in the U.S. have notched record after record in 2017, but emerging markets are on pace for a record year of their own. One popular emerging markets-tracking exchange-traded fund, the iShares MSCI emerging markets ETF (EEM), has rallied 32 percent this year, on pace for its best annual …

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DOJ announces distribution of more than $770 million to Bernie Madoff victims

Timothy A. Clary | AFP | Getty Images Bernard L. Madoff leaves U.S. Federal Court on Jan. 14, 2009, after a hearing regarding his bail in New York. Bernie Madoff’s victims will start to see some monetary relief soon. The Department of Justice announced Thursday that an initial distribution had …

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The clock is ticking on these tax breaks

Melina Mara | The Washington Post | Getty Images Speaker of House Paul Ryan and Senate Majority Leader Mitch McConnell announce the Republican tax reform initiative accompanied by members of the Senate Finance Committee and House Ways and Means Committee on Capitol Hill in Washington DC Wednesday September 27, 2017. …

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Japan says TPP trade deal talks “agree in principle”

Jonathan Ernst | Reuters Japan’s Prime Minister Shinzo Abe speaks during a news conference with U.S. President Donald Trump at Akasaka Palace in Tokyo, Japan, November 6, 2017. Japan said ministers of countries remaining in the Trans Pacific Partnership (TPP) trade deal had agreed in principle on Thursday on a …

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‘Maybe bitcoin is a kind of a bubble,’ Goldman Sachs CEO Blankfein says

Michael Nagle | Bloomberg | Getty Images Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group The digital currency has already been embraced by some of Wall Street’s most well-known figures, including investing legend Bill Miller. It has been criticized, however, by Blankfein’s peers on Wall Street in …

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Mnuchin says Donald Trump will see tax increase under tax plan

Saul Loeb | AFP | Getty Images President Donald Trump speaks during a meeting with county sheriffs in the Roosevelt Room of the White House in Washington, DC, February 7, 2017. Treasury Secretary Steven Mnuchin on Thursday said President Donald Trump will see a tax increase under the proposed Republican …

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