EU cookie consent script

Business & Economics :: Money

How the GOP health care bills help the rich

cnn.com

How the GOP health care bills help the rich

- If Republican efforts to repeal and replace Obamacare are successful, one of the biggest winners would be the wealthy. The Senate's bill -- released this week -- differs in key ways from the House-passed version. But proposals eliminate the taxes imposed on high-income Americans to help pay for an expansion of health benefits under the Affordable Care Act. The legislation also would let people contribute more to certain tax-advantaged accounts

Categories: Business |  Health | 
Tags: Taxes |  Economy |  Money |  Wealth |  Medical Care |  Economics |  Taxation | 
Places: Americas |  North America |  United States | 

Coach K sounds the call, both for stocks and for low-income students

newsobserver.com

Coach K sounds the call, both for stocks and for low-income students

- In a move he hoped would resound for higher education throughout the United States, Mike Krzyzewski rang the opening bell Thursday at the Nasdaq stock exchange in New York. The Duke University’s men’s basketball coach rang the bell in honor of the Emily K Center in Durham. Coach K serves as the board chairman of the nonprofit educational center, which works to prepare low-income students for college success

Categories: Business | 
Tags: Money |  Income | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New York |  South |  Atlantic |  Florida |  North Carolina |  Gilchrist |  Bell | 

Juneau tops list in concentration of millionaires

juneauempire.com

Juneau tops list in concentration of millionaires

- Juneau is an ideal to spot whales, bald eagles … and apparently millionaires as well. According to a study by the business forecasting company Kiplinger, Juneau has the highest concentration of millionaires of any small city (with a population between 10,000 and 50,000) in the United States. Defining millionaire as anyone having “investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships,” Kiplinger found that 8

Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 

Security guard bought gas with hospital patient’s stolen credit card, cops say

ajc.com

Security guard bought gas with hospital patient’s stolen credit card, cops say

- Tony Jones, 41, of Norcross was arrested nearly a month after he allegedly stole a Wellstar North Fulton Hospital patient’s credit card and used it while the victim was in the hospital. Jones was arrested as he was on his way to work, according to a report. He faces two felony credit card theft charges and one felony identity fraud charge

Categories: Law & Crime |  Society & Culture | 
Places: Canada |  North America |  Americas | 

Mark Zuckerberg changes Facebook's mission, tours Chicago's South Side

abc7chicago.com

Mark Zuckerberg changes Facebook's mission, tours Chicago's South Side

- CHICAGO -- Mark Zuckerberg has spent the last dozen years making sure you know what your friends' babies look like and what your high school friends think about politics. And, of course, transforming media and politics by presenting news and opinion -- true and fake -- to billions of people around the world. Now the Facebook CEO is acknowledging that connecting people online isn't enough

Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Midwest |  East |  Illinois |  North |  Chicago |  Cook |  Chicago Metro | 

Congressman to seek $37B more than Trump plan in defense spending

kcci.com

Congressman to seek $37B more than Trump plan in defense spending

- His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct

Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 

Congressman to seek $37B more than Trump plan in defense spending

wesh.com

Congressman to seek $37B more than Trump plan in defense spending

- His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct

Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 

Congressman to seek $37B more than Trump plan in defense spending

wcvb.com

Congressman to seek $37B more than Trump plan in defense spending

- His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct

Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 

Congressman to seek $37B more than Trump plan in defense spending

wmur.com

Congressman to seek $37B more than Trump plan in defense spending

- His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct

Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 

Congressman to seek $37B more than Trump plan in defense spending

wvtm13.com

Congressman to seek $37B more than Trump plan in defense spending

- His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct

Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 

Alaska city tops list of small cities with most millionaires

ktva.com

Alaska city tops list of small cities with most millionaires

- Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline

Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 

Blockchain bitcoin wallet start-up raises $40 million from Google, billionaire Richard Branson

cnbc.com

Blockchain bitcoin wallet start-up raises $40 million from Google, billionaire Richard Branson

- Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google's investment arm GV, and billionaire Richard Branson, the company said on Thursday. The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the start of the year. Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users

Categories: Business |  Technology | 
Places: Americas |  North America |  United States | 

Juneau tops national list of smallest cities with most millionaire households

alaskapublic.org

Juneau tops national list of smallest cities with most millionaire households

- Do you have a million dollars lying around? Chances are one out of every 13 households in Alaska’s capital city qualifies as a millionaire. The business publication Kiplinger is reporting that Juneau tops the list of small cities with the highest concentration of households with the proverbial big bucks. Juneau has 1,109 millionaire households out of a total of 12,986. Its list is based on rankings of 915 urban areas by Phoenix Marketing International and census data

Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 

Here's when sales will end for Marsh Supermarkets

indystar.com

Here's when sales will end for Marsh Supermarkets

- Now that the bankruptcy auction is over, the remaining Marsh stores that were not bought and will now close is known. Is your neighborhood store on the list? Dwight Adams/IndyStar. MUNCIE, Ind. — The end is in sight for Marsh Supermarkets. Filings in the supermarket chain's bankruptcy case indicate that the going out of business sales at 18 Marsh stores that were not sold to other grocery chains will end on July 20

Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Money |  Debts |  Sales |  Retail Markets |  Supermarkets |  Insolvency |  Bankruptcy | 
Places: Americas |  North America |  United States |  Midwest |  East |  Indiana | 

Billionaire Buffett throws lifeline to cash-starved Home Capital

reuters.com

Billionaire Buffett throws lifeline to cash-starved Home Capital

- Warren Buffett has again ridden to the rescue of an embattled company in desperate need of a vote of confidence. Berkshire Hathaway Inc's (BRKa.N) commitment of a C$2 billion (US$1.51 billion) credit facility to Home Capital Group Inc (HCG.TO), Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview

Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: United States | 

Governor adds opioid bill to special session agenda

ktva.com

Governor adds opioid bill to special session agenda

- Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline

Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 

Hilcorp only bidder in Cook Inlet lease sales

ktva.com

Hilcorp only bidder in Cook Inlet lease sales

- Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline

Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 

Latest Stories

40 is Considered Old in Senate GOP Health Plan
40 is Considered Old in Senate GOP Health Plan People getting subsidies to help buy health insurance would see at least three sharp changes—tied to both age and income—that could dramatically affect how much they pay for coverage if the Senate Republican health plan becomes law. The Senate bill released Thursday would reduce the income thresholds that determine eligibility, change the amount people who receive help pay toward their insurance premiums and peg subsidies to less generous coverage   Read More ...
Categories: Business | 
Tags: Money |  Income | 
Places: Americas |  North America |  United States | 
Bed Bath & Beyond’s low marketing spend could be hurting prospects with millennials
Bed Bath & Beyond’s low marketing spend could be hurting prospects with millennials Bed Bath & Beyond Inc. talked up the value of its more than 1,500 stores as an avenue for cutting advertising costs, but SunTrust Robinson Humphrey analysts think the lack of marketing spend might be hurting the brand with millennials. On the late-Thursday earnings call, Bed Bath & Beyond Chief Executive Steven Temares said the store fleet is both profitable and valuable to the multiplatform experience   Read More ...
Categories: Business | 
Tags: Money |  Marketing |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Charlie Munger says Al Gore is ‘not very smart,’ but became filthy rich using this simple investing formula
Charlie Munger says Al Gore is ‘not very smart,’ but became filthy rich using this simple investing formula Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy."Al Gore has come into you fellas business. ... He has made $3 or $400 million in your business. And he's not very smart," Munger said at the Daily Journal annual meeting on Feb   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: United States | 
India's digital payments giant Paytm to offer credit card and lending services
India's digital payments giant Paytm to offer credit card and lending services India's largest digital payments company Paytm is looking to expand its footprint to include lending services and credit cards for customers, in a move that threatens to shake up the country's traditional banking sector further. "Think of it as a credit card but without the card," Deora said Thursday. "So if you don't have money available to you on your Paytm account, you can still do a transaction and you can just pay us later   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Places: United States | 
Inside Facebook: What it's like to be an intern for Mark Zuckerberg and company
Inside Facebook: What it's like to be an intern for Mark Zuckerberg and company Mark "Zuck" is cool "Great benefits and the place has lots of food. Mark Zuck, the CEO, is also a relatively cool guy. "The atmosphere isn't always the best and some colleagues are really hipster like. Sometimes, colleagues would get upset that I solved a bug before them." —Software engineer intern in Menlo, GA. The perks are "amazing" "Amazing perks — free food, snacks, transportation, housing (own bedroom and bathroom!) — as well as completely paid-for intern events on the weekends   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States | 
Some say 'millionaire is the new middle class'—here's how many Americans are actually worth $1 million
Some say 'millionaire is the new middle class'—here's how many Americans are actually worth $1 million According to self-made millionaire Grant Cardone, "millionaire is the new middle class." And a new survey from Charles Schwab reveals that many Americans may side with Cardone: Survey respondents say it takes an average of $1.1 million to be "financially comfortable." But how many Americans are actually worth over $1 million and, therefore, "comfortable"? According to a 2017 report from Spectrem Group, as of the end of 2016, there were a record 10   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States | 
Takata reportedly planning to file for bankruptcy
Takata reportedly planning to file for bankruptcy Takata's board is convening to review bankruptcy plans over the weekend, The Wall Street Journal reported, citing sources. The company is planning bankruptcy filings in both the U.S. and Japan, and has tentative plans to sell operations to rival firm Key Safety Systems for $1.6 billion, sources told the Journal. Sumitomo Mitsui Banking is reportedly providing the company with bankruptcy financing, the report said   Read More ...
Categories: Business |  Law & Crime | 
Tags: Money |  Debts |  Laws |  Law and commerce |  Insolvency |  Bankruptcy |  Bankruptcy |  Bankruptcy filings | 
Places: Americas |  North America |  United States | 
ECB: 2 troubled Italian banks failing, to face insolvency
FRANKFURT, Germany (AP) — The European Central Bank pulled the plug on two troubled Italian banks, sending them into insolvency proceedings and pushing ahead with efforts to clean up weak banks holding back the economy. The two banks, Veneto Banca and Banca Popolare di Vicenza, have struggled to overcome high levels of loans that were not being paid back. The ECB said Friday it had given the banks time to raise more capital but that the banks had not been able to offer credible solutions   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Banks & Banking |  Debts |  Financial Institutions |  Insolvency | 
Places: United States |  Hesse |  Frankfurt | 
European Central Bank: Italy Veneto Banca and Banca Popolare di Vicenza to be wound up under insolvency procedure
FRANKFURT, Germany (AP) — European Central Bank: Italy Veneto Banca and Banca Popolare di Vicenza to be wound up under insolvency procedure.   Read More ...
Categories: Business | 
Places: United States |  Europe |  S. Europe |  Italian Peninsula |  Italy |  Hesse |  Frankfurt |  Nordest |  Veneto | 
How the GOP health care bills help the rich
How the GOP health care bills help the rich If Republican efforts to repeal and replace Obamacare are successful, one of the biggest winners would be the wealthy. The Senate's bill -- released this week -- differs in key ways from the House-passed version. But proposals eliminate the taxes imposed on high-income Americans to help pay for an expansion of health benefits under the Affordable Care Act. The legislation also would let people contribute more to certain tax-advantaged accounts   Read More ...
Categories: Business |  Health | 
Tags: Taxes |  Economy |  Money |  Wealth |  Medical Care |  Economics |  Taxation | 
Places: Americas |  North America |  United States | 
Tips for tracking your expenses, establishing an effective budget
Tips for tracking your expenses, establishing an effective budget Budgeting can be boring and difficult to stick to, but establishing one is the basic foundation of personal finance. Think about it: How can you save money each month if you don't know the ins and outs of your spending habits?   Read More ...
Categories: Business | 
Tags: Money |  Expenditure |  Money Management |  Budgeting | 
Places: Americas |  North America |  United States | 
Coach K sounds the call, both for stocks and for low-income students
Coach K sounds the call, both for stocks and for low-income students In a move he hoped would resound for higher education throughout the United States, Mike Krzyzewski rang the opening bell Thursday at the Nasdaq stock exchange in New York. The Duke University’s men’s basketball coach rang the bell in honor of the Emily K Center in Durham. Coach K serves as the board chairman of the nonprofit educational center, which works to prepare low-income students for college success   Read More ...
Categories: Business | 
Tags: Money |  Income | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New York |  South |  Atlantic |  Florida |  North Carolina |  Gilchrist |  Bell | 
Morning Agenda: Banks Clear First Hurdle in Stress Tests
Morning Agenda: Banks Clear First Hurdle in Stress Tests Photo For the largest banks in the United States, passing the first part of the Federal Reserve’s annual stress tests turned out to be not so stressful after all. The banks did so well that they are likely to increase their calls to start watering down regulations. The nation’s banks have demonstrated they have enough capital to withstand the type of financial shock that nearly sank the global economy in 2008   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Allied Irish Banks Valued at $13.3 Billion in I.P.O.
Allied Irish Banks Valued at $13.3 Billion in I.P.O. Photo LONDON — Nearly seven years after its collapse almost brought down Ireland’s banking system and forced the government to bail it out, one of the country’s biggest lenders returned to the public markets on Friday with a healthy valuation of $13.3 billion. The offering of a 25 percent stake in the lender, Allied Irish Banks, is an important milestone in the recovery of Irish banks, which nearly bankrupted the country after the financial crisis   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Banks & Banking |  Credit |  Financial Institutions |  Creditors | 
Places: United States | 
Juneau tops list in concentration of millionaires
Juneau tops list in concentration of millionaires Juneau is an ideal to spot whales, bald eagles … and apparently millionaires as well. According to a study by the business forecasting company Kiplinger, Juneau has the highest concentration of millionaires of any small city (with a population between 10,000 and 50,000) in the United States. Defining millionaire as anyone having “investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships,” Kiplinger found that 8   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 
Security guard bought gas with hospital patient’s stolen credit card, cops say
Security guard bought gas with hospital patient’s stolen credit card, cops say Tony Jones, 41, of Norcross was arrested nearly a month after he allegedly stole a Wellstar North Fulton Hospital patient’s credit card and used it while the victim was in the hospital. Jones was arrested as he was on his way to work, according to a report. He faces two felony credit card theft charges and one felony identity fraud charge   Read More ...
Categories: Law & Crime |  Society & Culture | 
Places: Canada |  North America |  Americas | 
Chinese lenders' bad loan ratio decreases
Chinese lenders saw their bad loan ratio decline by the end of May, fresh evidence of improved bank asset quality, the top banking sector regulator said. The value of outstanding non-performing loans (NPL) stood at 2.3 trillion yuan (about 337 billion U.S. dollars) by the end of May, said Liu. NPL ratios at banks in coastal areas including Shanghai, Jiangsu, Zhejiang and Guangdong have declined substantially from a year ago, said Liu   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Banks & Banking |  Credit |  Financial Institutions |  Creditors | 
Places: United States |  Asia |  E. Asia |  China | 
Mark Zuckerberg changes Facebook's mission, tours Chicago's South Side
Mark Zuckerberg changes Facebook's mission, tours Chicago's South Side CHICAGO -- Mark Zuckerberg has spent the last dozen years making sure you know what your friends' babies look like and what your high school friends think about politics. And, of course, transforming media and politics by presenting news and opinion -- true and fake -- to billions of people around the world. Now the Facebook CEO is acknowledging that connecting people online isn't enough   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Midwest |  East |  Illinois |  North |  Chicago |  Cook |  Chicago Metro | 
Congressman to seek $37B more than Trump plan in defense spending
Congressman to seek $37B more than Trump plan in defense spending His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Congressman to seek $37B more than Trump plan in defense spending
Congressman to seek $37B more than Trump plan in defense spending His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Congressman to seek $37B more than Trump plan in defense spending
Congressman to seek $37B more than Trump plan in defense spending His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Congressman to seek $37B more than Trump plan in defense spending
Congressman to seek $37B more than Trump plan in defense spending His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Congressman to seek $37B more than Trump plan in defense spending
Congressman to seek $37B more than Trump plan in defense spending His counterpart in the Senate, Armed Services chairman John McCain, also supports a core defense budget of $640 billion. WASHINGTON — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Armed services chairman to seek $640 billion in DOD spending
WASHINGTON (AP) — The chairman of the House Armed Services Committee said Thursday he'll push to increase defense spending by $37 billion more than the Trump administration proposed to pay for more troops and new weapons. Speaking to reporters, Rep. Mac Thornberry said he'll seek $640 billion for the Defense Department in the 2018 fiscal year, which begins Oct. 1. His comments came a day after his GOP colleagues on the House Budget Committee agreed on a fiscal outline that would provide the military with about $20 billion less   Read More ...
Categories: Business |  Law & Crime | 
Tags: Military |  Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Shifting Dollars From Poor to Rich Is a Key Part of the Senate Health Bill
Shifting Dollars From Poor to Rich Is a Key Part of the Senate Health Bill The Affordable Care Act gave health insurance to millions of Americans by shifting resources from the wealthy to the poor and by moving oversight from states to the federal government. The Senate bill introduced Thursday pushes back forcefully on both dimensions. The bill is aligned with long-held Republican values, advancing states’ rights and paring back growing entitlement programs, while freeing individuals from requirements that they have insurance and emphasizing personal responsibility   Read More ...
Categories: Politics & Government |  Business | 
Tags: Government |  Parliament |  Senate |  Money |  Wealth | 
Places: Americas |  North America |  United States | 
Mark Zuckerberg explains why he just changed Facebook's mission
Mark Zuckerberg explains why he just changed Facebook's mission Mark Zuckerberg has spent the last dozen years making sure you know what your friends' babies look like and what your high school friends think about politics. And, of course, transforming media and politics by presenting news and opinion -- true and fake -- to billions of people around the world. Now the Facebook CEO is acknowledging that connecting people online isn't enough   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States | 
Four of biggest Canada banks are main Trans Mountain lenders -filings
CALGARY, Alberta, June 22 Royal Bank of Canada , Canadian Imperial Bank of Commerce, Bank of Nova Scotia and Toronto-Dominion Bank are the main lenders for Kinder Morgan Canada Ltd's Trans Mountain pipeline expansion, the company said in fillings on Thursday. Activists have said they would exert pressure on those banks to drop Trans Mountain once they are named. The four are among 24 banks that granted C$5   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Banks & Banking |  Credit |  Financial Institutions |  Creditors | 
Places: United States |  Canada |  West |  Alberta |  Calgary | 
Alaska city tops list of small cities with most millionaires
Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 
Uber's Travis Kalanick isn't the only one—why Steve Jobs, Jack Dorsey and others were ousted from the companies they founded
Uber's Travis Kalanick isn't the only one—why Steve Jobs, Jack Dorsey and others were ousted from the companies they founded Travis Kalanick and his friend Garrett Camp first had the idea for what would become Uber on a cold night in Paris in late 2008. They started working on a prototype in March 2009, and Kalanick would go on to be the company's CEO through one of the most fabled Silicon Valley start-up stories of all time. Uber has raised almost $9 billion from investors at values that ran up almost as high as $70 billion, though the current value of the company is down closer to $50 billion   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Jack Dorsey | 
Places: Americas |  North America |  United States | 
The Trump effect: Millionaires are more politically divided than ever
The Trump effect: Millionaires are more politically divided than ever The survey is an exclusive semiannual summary of the investment attitudes and behaviors of investors with $1 million or more of investable assets. Seven hundred and fifty investors responded. According to the research, half of millionaires surveyed believe the economy will be stronger in 2017. Another one-third said it will stay the same. Most millionaires are also fairly bullish on the stock market   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Finance |  Investments |  Investors |  Millionaires | 
Places: Americas |  North America |  United States | 
Singapore wealth fund GIC: This is where we're looking for fixed income returns
Singapore wealth fund GIC: This is where we're looking for fixed income returns With bond yields globally in the dumps, Singapore's wealth fund GIC is looking at unconventional sources for fixed income returns, Liew Tzu Mi, GIC's chief investment officer for fixed income, said on Thursday. For one, she pointed to selective emerging markets for fixed income investments. "In a generally low interest rate environment, if you do expect that we are not going back to double-digit yield anytime soon and that generally we are still looking at modest returns from developed markets, clearly emerging markets is a very attractive opportunity," she said at the DBS Institutional Investor Symposium in Singapore on Thursday   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Investments |  Income |  Investment Funds | 
Places: United States |  Asia |  S.E. Asia |  Mainland |  Singapore | 
Blockchain bitcoin wallet start-up raises $40 million from Google, billionaire Richard Branson
Blockchain bitcoin wallet start-up raises $40 million from Google, billionaire Richard Branson Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google's investment arm GV, and billionaire Richard Branson, the company said on Thursday. The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the start of the year. Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users   Read More ...
Categories: Business |  Technology | 
Places: Americas |  North America |  United States | 
Juneau tops national list of smallest cities with most millionaire households
Juneau tops national list of smallest cities with most millionaire households Do you have a million dollars lying around? Chances are one out of every 13 households in Alaska’s capital city qualifies as a millionaire. The business publication Kiplinger is reporting that Juneau tops the list of small cities with the highest concentration of households with the proverbial big bucks. Juneau has 1,109 millionaire households out of a total of 12,986. Its list is based on rankings of 915 urban areas by Phoenix Marketing International and census data   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 
Chinese tycoon rebuts biased NYT report about factory
"(Dayton) local government claims the New York Times report is a 'false' one," Cao told Xinhua in a telephone interview. The Chinese tycoon added that the local government believes that Fuyao's investment in Dayton has brought tremendous positive changes to the local community. The Dayton factory, which officially started operation in October 2016, currently employs some 2,000 U.S. workers. Fuyao has invested 600 million dollars in the Dayton plant and plans to further expand the investment in the United States in the next few years, creating 3,000 more jobs there   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Industries |  Factories | 
Places: United States |  Asia |  E. Asia |  China |  Northeast |  Atlantic |  New York | 
Here's when sales will end for Marsh Supermarkets
Here's when sales will end for Marsh Supermarkets Now that the bankruptcy auction is over, the remaining Marsh stores that were not bought and will now close is known. Is your neighborhood store on the list? Dwight Adams/IndyStar. MUNCIE, Ind. — The end is in sight for Marsh Supermarkets. Filings in the supermarket chain's bankruptcy case indicate that the going out of business sales at 18 Marsh stores that were not sold to other grocery chains will end on July 20   Read More ...
Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Money |  Debts |  Sales |  Retail Markets |  Supermarkets |  Insolvency |  Bankruptcy | 
Places: Americas |  North America |  United States |  Midwest |  East |  Indiana | 
Shares in Canada's Home Capital surge as Buffett rides to rescue
Shares in Canada's Home Capital surge as Buffett rides to rescue TORONTO Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is providing a C$2 billion loan to Home Capital Group Inc (HCG.TO) and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier. Shares in other Canadian alternative lenders also rose on Thursday. Equitable Group Inc (EQB   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Credit |  Billionaires |  Warren Edward Buffett |  Creditors | 
Places: United States |  Canada |  Central |  Ontario |  Toronto | 
Billionaire Buffett throws lifeline to cash-starved Home Capital
Billionaire Buffett throws lifeline to cash-starved Home Capital Warren Buffett has again ridden to the rescue of an embattled company in desperate need of a vote of confidence. Berkshire Hathaway Inc's (BRKa.N) commitment of a C$2 billion (US$1.51 billion) credit facility to Home Capital Group Inc (HCG.TO), Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: United States | 
Governor adds opioid bill to special session agenda
Governor adds opioid bill to special session agenda Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 
Hilcorp only bidder in Cook Inlet lease sales
Hilcorp only bidder in Cook Inlet lease sales Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau | 
Alyeska Pipeline is trying to engineer their way out of low oil flow in TAPS
Alyeska Pipeline is trying to engineer their way out of low oil flow in TAPS Alaska city tops list of small cities with most millionaires Juneau has come out on top of the list of small cities with the most millionaires. Kiplinger, a business publication, listed Juneau as the small city with the highest concentration of millionaire households, with 1109 out of a total of 12,986, according to a report from KTOO.org. Phoenix Marketing International released the rankings after scouring […] The women who built the Trans-Alaska Pipeline by Emily Carlson on Jun 22, 11:33 It took a small army to build the Trans-Alaska pipeline   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Juneau |