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Tax Reform Not Going Quite As Planned

Tax Reform Not Going Quite As Planned

The Republican effort in Congress to reshape the tax system has been moving much more slowly than many had hoped. Republicans started 2017 with high ambitions, seeing as they controlled both houses of Congress and the White House.... 
American Express Wins In Appeals Court

American Express Wins In Appeals Court

A federal appeals court has ruled that American Express (NYSE:AXP) can block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The provisions in American Express’ merchant agreements... 
Clinton Campaign Enlists “Dreamers” To Woo Latinos

Clinton Campaign Enlists “Dreamers” To Woo Latinos

A new voter registration drive by Hillary Clinton’s presidential campaign is enlisting undocumented “Dreamers” to reach the Latino community. The new national voter registration program, called “Mi Sueño, Tu Voto/My Dream,... 
Travel Delayed as Flights Grounded Due to Technical Problems

Travel Delayed as Flights Grounded Due to Technical Problems

Technical problems at a Virginia air traffic control center left many passengers stranded due to hundreds of flights to and from different airports across a large around of the northeast were canceled or delayed on Saturday. The Federal... 
Puerto Rico Cost of Living Soars as Debt Crisis Continues

Puerto Rico Cost of Living Soars as Debt Crisis Continues

In a recession for 9 years, the Caribbean island is battling as items in supermarkets that are 21% higher than the average in the U.S. even as more than 41% of the population lives amidst poverty. Puerto Rico is going through a severe... 
Cyber Attack Exposes Tax Returns at IRS

Cyber Attack Exposes Tax Returns at IRS

Criminals used data that was stolen to get access to prior tax returns for over 100,000 people through an application on the website of the Internal Revenue Service, said the agency on Tuesday. Using social security numbers, birth... 
Jobless Claims in U.S. Increase; Average for Four Weeks at 15-Year Low

Jobless Claims in U.S. Increase; Average for Four Weeks at 15-Year Low

The number of people in the U.S. filing new unemployment benefit claims was slightly higher than expected during last week, but the overall trend continued suggesting that the labor market was still tightening. The jobs market has... 
Consumer Sentiment Drops the Most in More Than Two Years

Consumer Sentiment Drops the Most in More Than Two Years

Consumer sentiment in the U.S. fell unexpectedly during May by is most in over two years as the economy was viewed by Americans in a bad light. The preliminary index of sentiment from the University of Michigan dropped from 95.9 during... 
David Goldberg dies at 47

David Goldberg dies at 47

Best known for being the husband of the COO at Facebook Sheryl Sandberg, Dave Goldberg, died Friday at the age of 47. However, few know he was royalty in Silicon Valley as well. He sold to Yahoo a music streaming company when he was... 
FAA Hands Out Drone Rules

FAA Hands Out Drone Rules

On Sunday, the Federal Aviation Administration released its long anticipated proposal for the governing of small commercial drones, which sets up a plan for the remote-controlled crafts to share the skies with the many passenger planes. The... 
Rumor: Government of U.S. Eavesdropping on Mobile Phones

Rumor: Government of U.S. Eavesdropping on Mobile Phones

Reports say that the justice Department in U.S. has a surveillance program that leads to private information from personal mobile phones being collected. A well-known national newspaper reported that this program has been in used since... 
Wal-Mart Spreading Black Friday Across Five Days

Wal-Mart Spreading Black Friday Across Five Days

The world’s largest retailer, Wal-Mart has abandoned the one-day only frenzy of Black Friday used to give the annual holiday shopping season a jumpstart. Instead the retailer will offer a host of its best offers on toys, television... 
Americans Loving Debt Again

Americans Loving Debt Again

U.S. consumers have seemed to forget about the lesson they learned that debt is not a friend. In what is likely a good sign that the U.S. economy is growing with consumer spending increasing, data from April released by the Federal... 
Consumer Sentiment Up in April in U.S.

Consumer Sentiment Up in April in U.S.

In April, consumer confidence increased to a high of nine months showing that Americans are becoming more upbeat with the economy as the labor market starts to gain more traction. The University of Michigan/Thomson Reuters index for... 
U.S. Sues over Libor Manipulation

U.S. Sues over Libor Manipulation

The Federal Deposit Insurance Corporation in the United State has sued Citigroup, HSBC and another 13 global financial institution heavyweight for their alleged manipulation of the Libor rate. The FDIC sued the banks saying the manipulation... 
U.S. Economy adds 175,000 Jobs During February

U.S. Economy adds 175,000 Jobs During February

In February, the job market in the U.S. rebounded from a slump of two months as employers increased jobs by 175,000, while the rate of unemployment rose from 6.6% to 6.7%, said the Department of Labor on Friday. The report exceeded... 
California Enjoys Prolific Year for Wine Grapes

California Enjoys Prolific Year for Wine Grapes

Aficionadas of wine will find it easier to purchase bargain bottles of wine after a bumper crop in 2013 worth $3.16 billion. Agriculture officials in California reported that great news for those who love wine and for operators of... 
GDP in U.S. Up 3.2% During Fourth Quarter

GDP in U.S. Up 3.2% During Fourth Quarter

The economy in the U.S. grew at a good rate during the fourth quarter of 2013, as consumers spent more and businesses increased their investment. The last six months of 2013, marked one of the best periods of growth over six months...