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Keyword: business

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  • Donald Trump and Free Trade

    03/07/2018 7:54:36 AM PST · by Oklahoma · 52 replies
    The American Spectator ^ | March 7, 2018, 12:01 am | R. EMMETT TYRRELL, JR
    President Donald Trump has had a splendid first year in office. He has the economy moving again and at a healthy pace, some 2.6 percent in the most recent quarter. Unemployment is down, the stock market is up and the economic signs are mostly healthy. Well, for the stock market that was until last week. That was the week in which the President announced his intention to slap a 25 percent tariff on steel imports and a 10 percent tariff on aluminum. The market tanked, and more problems are said to be coming internationally. It appears the world does not...
  • Women in Cryptocurrencies Push Back Against ‘Blockchain Bros’

    02/26/2018 4:02:07 PM PST · by nickcarraway · 18 replies
    When a cryptocurrency start-up that promised to revolutionize the fruit and vegetable industry shut down last month, it left behind one word on its website: penis. When a virtual currency company called DateCoin recently tried to entice investors for its initial coin offering, it posted a Facebook ad that featured a reclining woman in a swimsuit with text over her body that read, “Touch my I.C.O.” And after the North American Bitcoin Conference in January, which highlighted 84 male speakers and three women, the official conference party was held at a Miami strip club. Virtual currencies and blockchain, the digital...
  • A million dollars a minute

    02/18/2018 11:26:07 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Washington Times ^ | February 14, 2018 | Andrew P. Napolitano
    Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you’re crazy. To get you off the phone, he opines that it is your sink and therefore must be your money. So you spend it wildly. Then you realize that the money wasn’t yours and you owe it back. Now imagine that this happens every minute of every day for the next three years. At the end of the three years, you owe back...
  • Stocks on a roll; Chinese takeover blocked; Coca-Cola earnings

    02/16/2018 4:06:58 AM PST · by cba123 · 11 replies
    CNN Money ^ | February 16, 2018 | by Alanna Petroff On Thursday, the Dow, S&P 500 and Nasdaq rose between 1.2% and 1.6%. "The S&P 500 has been up more than 1% in four of the last five trading days. This is a feat that has not occurred since October 2011," noted Mike O'Rourke, chief market strategist at JonesTrading. 2. It ain't happening: A Chinese takeover of the Chicago Stock Exchange has been blocked by the U.S. Securities and Exchange Commission. The deal was first announced in February 2016, and had been in regulatory limbo for two years. The SEC said it was unable to obtain all the information...
  • Lawsuit Challenges California Law Criminalizing Teaching Trade Skills

    02/12/2018 1:26:13 PM PST · by Pining_4_TX · 27 replies
    The Institute for Justice ^ | Feb. 2018 | Keith Diggs
    Earlier this year, Bob Smith, owner of the Pacific Coast Horseshoeing School, opened his mailbox to find a notice from the state of California threatening to shut him down. The notice said that Bob was violating state law by admitting students to his horseshoeing school who hadn’t first graduated from high school or passed an equivalent government-approved exam. A few months later, Esteban Narez, a ranch hand working odd jobs, applied to attend PCHS’s eight-week course. He’d heard from other PCHS graduates that shoeing horses was a great way to turn his love of working with horses into a stable...
  • The Trumpian (or Something) Achievement

    01/30/2018 6:56:54 AM PST · by Kaslin · 1 replies ^ | January 30, 2018 | Bill Murchison
    The media will make of the State of the Union speech what it will -- which won't be much, given the media's agenda to discredit or oust the president delivering the speech. We might turn our eyes, briefly at least, in another direction: what could be called American capabilities. These in the end matter more than rhetorical flourishes, legislative proposals or even the disharmonies of the Grammy Awards. (Hillary Clinton -- really!) American capabilities and successes are growing, enhancing respect for what Americans can achieve when they put their minds to certain matters: something they haven't done for years....
  • Trump in Davos: 'America is open for business'

    01/26/2018 6:58:26 PM PST · by Kaslin · 8 replies
    Washington Examiner ^ | January 26, 2018 | Sarah Westwood
    President Trump on Friday touted the growth of the American economy since his election, and told countries and business leaders at the World Economic Forum in Davos, Switzerland, that the U.S. is "open for business" now that his administration has slashed regulations and lowered corporate taxes. "The world is witnessing the resurgence of a strong and prosperous America," Trump said. "America is open for business and we are competitive once again." "When the United States grows, so does the world," Trump said, repeating his pledge to always put "America first" and encouraging other world leaders to put their own countries...
  • FedEx Invests $3.2 Billion in Employee Pay Raises, Bonuses, Benefits & Jobs in Light of Tax Reform

    01/26/2018 11:01:43 AM PST · by Thalean · 19 replies
    National Economics Editorial ^ | Jan 26, 2018 | Editorial Staff
    FedEx joins the growing list of companies who are celebrating the GOP Tax Cuts and Jobs Act by sharing the profits with employees, and investing in America. Today, FedEx announced that it will invest over $3.2 billion in bonuses, wage increases, employee benefits, and new jobs. The official announcement states that FedEx will: "Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance- based incentive plans for salaried personnel. A...
  • ***thole California Part lll: Democrat Mafia To Extort Profits From CA Businesses

    01/24/2018 3:33:38 PM PST · by Sean_Anthony · 12 replies
    Canada Free Press ^ | 01/24/18 | Katy Grimes
    California’s Democrats are on an accelerated path of destruction of the once Golden State. In Parts l and ll of my series on how California’s leftist Democrats have turned the Golden State into a sh*thole, I explain how California’s ruling party is doubling down on business-destroying policies, energy destroying policies, education destroying policies, and policies destroying California’s abundant natural resources. The new law claiming sanctuary state status is blatantly unconstitutional, as is “legalizing” marijuana. But Wait!!! There’s More!!! Democrats have proposed an Assembly Constitutional Amendment authored by two uber-leftists, Assemblymen Phil Ting, D-San Francisco, and Kevin McCarty, D-Sacramento, to extort...
  • An independent and Democrats say tolls are necessary

    01/22/2018 11:11:06 PM PST · by Tolerance Sucks Rocks · 24 replies
    The Connecticut Mirror ^ | January 19, 2018 | Mark Pazniokas
    Southington — Oz Griebel, a petitioning candidate for governor who once led the state Transportation Strategy Board, told an audience of construction executives and union members Friday that Connecticut must embrace electronic tolling and higher gasoline taxes to preserve and improve its transportation infrastructure.At a transportation forum for Democratic and unaffiliated candidates, Griebel offered the broadest prescription for how to stabilize and grow a special transportation fund now projected to hit insolvency by 2022, leaving the state unable to borrow money to address a growing backlog of transportation needs.Many of the Democrats, unlike the Republican field at a similar event...
  • Pizza Shop Owner: Armed Employees Welcome

    01/21/2018 6:20:25 AM PST · by marktwain · 10 replies
    Gun Watch ^ | 21 January, 2017 | Dean Weingarten
    A justified defensive shooting in a Texas Pizzaria resulted in the death of one of the armed robbers. The response by the restaurant owner shows the acceptance of defense of self and others is gaining legitimacy in the United States. Here is the relevant part of the official statement released by La Bella Pizza owners. From We at La Bella Pizza on Olsen are deeply saddened by the incident that occurred last Tuesday, January 9th. Our hearts go out to All the families that are involved during this trying time. Our policy always has and always will be...
  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/15/2018 11:31:47 PM PST · by CutePuppy · 52 replies
    Fox Business ^ | 2018 January 15 | Brittany De Lea
    Eighteen states raised their minimum wages at the start of 2018, but increasing labor costs are strangling the dining industry so much that restaurants could soon face the same fate as shopping malls. "I think you're going to see thousands of restaurants close their doors," Willie Degel, "Restaurant Stakeout" host and CEO of Uncle Jack's Steakhouse, told FOX Business. "Fine dining is going to go by the wayside." The downward cycle seems daunting to Degel and other industry insiders. As costs rise, only so much of the burden can be passed along to consumers in the form of price hikes...
  • Walmart plans to cut more than 1,000 corporate jobs

    01/15/2018 9:59:49 PM PST · by CutePuppy · 34 replies
    Fox Business / WSJ ^ | 2018 January 12 | Dow Jones Newswires
    A day after promising to give its store workers raises and bonuses, Wal-Mart Stores Inc. (NYSE:WMT) is preparing to hand out pink slips at its headquarters. The giant retailer, which is based in Bentonville, Ark., and employs more than 1.5 million people in the U.S., plans to cut more than 1,000 corporate jobs ..... < snip > ..... The job cuts are expected to be broad based, focused on workers primarily at the company's headquarters ..... < snip >
  • There Is Only One Business: SCAM

    01/11/2018 8:35:34 AM PST · by Wolfie · 28 replies
    Market Ticker ^ | O1/11/18 | Karl Denniger
    There Is Only One Business: SCAM You either steal, rob, lie, launder money and otherwise rip people off or you go out of business. The only exception? If you're small enough not to attract any of the so-called "great businesses" attention. You can run a bar. You can run a small restaurant (as long as it doesn't compete with any of those large firms.) You might be able to run a small consulting outfit. Otherwise, forget it. You can't emulate their game because you will get prosecuted. They will not. Investors will not care and thus the so-called "efficient market"...
  • Small Business Optimism Index All-Time High

    01/10/2018 6:14:09 AM PST · by grayhog · 5 replies
    Small business confidence blasted off the day after the 2016 election and remained in the stratosphere for all of 2017, making last year an all-time record setter for the NFIB Index of Small Business Optimism, released today. “2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index,” said NFIB President and CEO Juanita Duggan. “With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans.” The Optimism Index for last month came in at 104.9, slightly lower than the near-record November...
  • As Trimmier construction ends, nearby business employees skeptical

    01/09/2018 7:04:02 PM PST · by Tolerance Sucks Rocks · 4 replies
    The Killeen Daily Herald ^ | December 25, 2017 | Josh Sullivan
    The Starbucks on Killeen’s Trimmier Road, near U.S. Highway 190/Interstate 14, was as busy as ever at 4 p.m. Saturday — the day before Christmas Eve. Perhaps it was customers buying gift cards and 12-ounce bags of ground coffee as last-minute gifts for family and friends, or maybe it was shoppers fueling up on caffeine to endure the final stretch of Christmas chores. Either way, Store Manager Jamal Smith hardly had time to talk, as the line of cars in the drive-thru wrapped around the building. Smith is used to the heavy traffic around his store. Being along Trimmier Road,...
  • China Offers Tax Incentives to Persuade U.S Companies to stay

    12/28/2017 8:14:22 PM PST · by Tamatoa · 26 replies
    NY Times ^ | 12/28/17 | Sui-Lee Wee
    BEIJING — China said on Thursday that it would temporarily exempt foreign companies from paying tax on their earnings, a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code. There is, however, a catch: To be eligible, foreign companies must invest those earnings in sectors encouraged by China’s government — including railways, mining, technology and agriculture — according to a statement from the Finance Ministry. The measure is retroactive from Jan. 1 this year, the ministry said. The move would “promote the growth of foreign investment, improve the...
  • TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since...

    12/26/2017 7:23:08 AM PST · by blueyon · 50 replies
    The Gateway Pundit ^ | 12/25/1 | Kristinn Taylor
    """TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession"""" Retailers are reporting record holiday sales this season of $598 billion as of Christmas Eve, fueled by confidence in the pro-business, pro-jobs economic polices of President Donald Trump of cutting Obama-era regulations and enacting major tax cuts and reforms. Yet media reports by CBS, AP and the Wall Street Journal all failed to mention President Trump in their reports on the record sales. The Drudge Report however is leading Monday night with a photo and headline crediting Trump with the boom in sales over...
  • Theranos avoids bankruptcy thanks to a last-minute loan

    12/23/2017 9:53:56 PM PST · by Enchante · 11 replies
    Engadget ^ | December 23, 2017 | Jon Fingas
    Theranos has come a long way from the days when it was a darling in the biotech industry. The Wall Street Journal's sources have claimed that the blood-testing firm has avoided bankruptcy by securing a $100 million loan from Fortress Investment Group. The move should keep Theranos afloat "through 2018," founder Elizabeth Holmes reportedly said in an email. Naturally, though, there are strings attached -- Fortress wants to see a return on its investment. Holmes reportedly said that Theranos has up its patent library as collateral, and that Fortress gets 4 percent equity. The loan is also subject to "certain...
  • Sen. John Cornyn defends tax provision that could benefit Trump, GOP lawmakers

    12/17/2017 1:20:08 PM PST · by DoodleDawg · 19 replies
    CNBC ^ | 12/17/17 | Lauren Hirsch
    John Cornyn, the senate majority whip, was pushed by news-makers on Sunday to explain a last minute addition to the final tax bill which could benefit those with real estate income. Senator Bob Corker supported the bill at the last minute, after the language was added. John Cornyn, the second-ranking Republican in the Senate, was pushed by news-makers on Sunday to explain a last minute addition to the final tax bill that could benefit those with real estate income. The provision calls for a tax deduction on income made from "pass through" entities, like real estate LLCs, including those with...