Business

Business

GOP betting that its fix for US economy will defy warnings

Congress Taxes

WASHINGTON (AP) — The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans in Congress: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come. The risks are considerable. A wide range of...


Business

Drillers flock to Rockies as sleepiest shale corner awakens

(c) 2017, Bloomberg. It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado as a way to expand beyond the shale plays of Texas and New Mexico. During the three-year crude-market collapse, as prices fell...


Business

For GOP, tax bill's most visible win may be averting failure

Congress Taxes Politics

WASHINGTON (AP) — Despite the sheer size and society-spanning impact of the $1.5 trillion tax overhaul, the quickest and most potent political victory that Republicans would savor by pushing the bill through Congress next week may be what it averts: another big GOP legislative crash in the age of...


Business

Billionaire philanthropists found dead in basement under suspicious circumstances, police

(c) 2017, The Washington Post. Their bodies were found in the basement of their $7 million home in Toronto’s affluent North York neighborhood by a real estate agent preparing the mansion for an open house. But as word of Honey and Barry Sherman’s deaths spread, neighbors, family members and people...


Business

A look at some winners and losers under the GOP tax plan

Congress Taxes

WASHINGTON (AP) — Count President Donald Trump among the personal winners in the $1.5 trillion tax package that congressional Republicans are on the verge of passing. It’s not only a political score for Trump but likely a windfall for his real estate empire, too. Oil drillers would also benefit. So...


Business

Sign-ups show health law's staying power in Trump era

Health Overhaul Sign-ups

WASHINGTON (AP) — A deadline burst of sign-ups after a tumultuous year for the Obama health law has revealed continued demand for the program’s subsidized individual health plans. But the Affordable Care Act’s troubles aren’t over. On the plus side for the overhaul, official numbers showed a...


Business

More than $600,000 spent on police gear for pipeline protest

Pipline Protest Purchases

BISMARCK, N.D. (AP) — North Dakota law enforcement purchased more than $600,000 worth of body armor, tactical equipment and crowd control devices during the height of protests against the Dakota Access oil pipeline, state invoices show. The purchases, tallied by The Associated Press from invoices...


Business

The hot spots that defined a year of emerging-market ebullience

(c) 2017, Bloomberg. 2017 is set to go down as the year when easy monetary policy and budding global growth came together to deliver blockbuster returns for the world’s emerging markets. Currencies and stocks in developing economies are on track for their biggest rallies in eight years as even the...


Business

Death of a hedge fund: why the original model is fading fast

(c) 2017, Bloomberg. The long and short on hedge funds is that long and short isn’t working so well anymore. That’s the rather simple strategy that built the $3.2 trillion industry - the once-durable buying long when you figure an equity will go up and selling short when you reckon the opposite -...


Business

Bought Apple stock in 1980? Held it? Don't brag

(c) 2017, Bloomberg. Thirty-seven years ago this week, Apple went public, raising a little over $100 million by selling its stock for $22 a share ($2.75 on a split-adjusted basis). The sale was as eagerly anticipated as any initial public offering, including those of other tech innovators like...


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