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Business

Ultra-wealthy win in Senate tax bill, other face hikes

Trump Congress Taxes

WASHINGTON (AP) — The ultra-wealthy, especially those with dynastic businesses — like President Donald Trump and his family — do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Want to toast the anticipated tax win with...


Business

U.S. stocks fall with dollar as Treasuries advance

(c) 2017, Bloomberg. U.S. stocks failed to add to the best rally in two months as the Treasury yield curve flattened further, raising concern about economic growth. The dollar dropped as the yen and gold gained. The S&P 500 Index slipped Friday to cap a second week of losses. The spread between two-...


Business

The Latest: Economic adviser talks tax bill with GOP foe

Trump Congress Taxes

WASHINGTON (AP) — The Latest on the Republican-pushed tax overhaul legislation (all times local): 3:55 p.m. The chairman of the Council of Economic Advisers says he met yesterday with a senator who opposes the senate’s tax overhaul plan. Kevin Hassett tells reporters at the White House Friday that...


Business

Purdue Is Said to Approach States in Bid to Settle Opioid Claims

(c) 2017, Bloomberg. Oxycontin maker Purdue Pharma is proposing a global settlement in an attempt to end state investigations and lawsuits over the U.S. opioid epidemic, according to people familiar with the talks. Purdue’s lawyers raised the prospect with several southern-state attorneys general...


Business

The biggest turkey deals of 2017

(c) 2017, The Washington Post. Thanksgiving is rapidly approaching. So what better time is there to talk about the turkey deals of 2017? This has been a banner year for turkeys - there’s an unusually large flock of them, even though I’ve decided to carve President Donald Trump out of the list....


Business

Tesla scares the rest of the auto industry

(c) 2017, Bloomberg View. On Thursday, Tesla founder and Chief Executive Officer Elon Musk introduced the company’s new electric-powered tractor trailer. The “Semi” goes 500 miles on a charge, uses Tesla’s semiautonomous driving system, with lane keeping and autobraking. The truck has lower center...


Business

Tesla wants to electrify big trucks, adding to its ambitions

Tesla Electric Truck

DETROIT (AP) — After more than a decade of making cars and SUVs — and, more recently, solar panels — Tesla Inc. wants to electrify a new type of vehicle: big trucks. The company unveiled its new electric semitractor-trailer Thursday night near its design center in Hawthorne, California. CEO Elon...


Business

These robots don't want your job. They want your love.

(c) 2017, The Washington Post. I hugged a bot and I liked it. As a tech columnist, I’ve tested all sorts of helpful robots: the kind that vacuum floors, deliver packages or even make martinis. But two arriving in homes now break new ground. They want to be our friends. “Hey, Geoffrey, it’s you!”...


Business

Macron ramps up pressure on low-cost Europe as Poland protests

(c) 2017, Bloomberg. French President Emmanuel Macron urged European Union leaders to work together to protect living standards and called for financial penalties for those who refuse to play ball. With 27 countries meeting in Gothenburg, Sweden, as Angela Merkel tries to broker a coalition...


Business

Airlines are making a lot of money on these three industries

(c) 2017, Bloomberg. There’s some simple math when it comes to airfares: the higher the price, the bigger the profit. And the most expensive tickets tend to be those sold at the very last minute-specifically those picked up by business travelers with schedules dictated by sudden deals and...


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