Business & Economics :: Money

Consumer spending expected to be high this holiday season

foxnews.com

Consumer spending expected to be high this holiday season


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Trump's wealth, ranking fall in latest Forbes 400 list

katu.com

Trump's wealth, ranking fall in latest Forbes 400 list


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Trump’s wealth, ranking fall in latest Forbes 400 list

wtnh.com

Trump’s wealth, ranking fall in latest Forbes 400 list


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Aetna To Spend $85 Million for New HQ In New York City

courant.com

Aetna To Spend $85 Million for New HQ In New York City


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Police: Woman stole credit card as store clerk had seizure

kgw.com

Police: Woman stole credit card as store clerk had seizure


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Netflix Says It Will Spend Up to $8 Billion on Content Next Year

nytimes.com

Netflix Says It Will Spend Up to $8 Billion on Content Next Year


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Oi's largest creditors demand meeting to renegotiate debt plan

reuters.com

Oi's largest creditors demand meeting to renegotiate debt plan


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Popular Stories

Tech companies are suddenly spending much more on lobbying as NAFTA negotiations loom
Tech companies such as Amazon, Microsoft and Cisco are spending more on lobbyists to make their case about the North American Free Trade Agreement, as negotiations about the future of that trade deal heat up. Trade negotiators have said that they will schedule talks on revamping NAFTA into next year. The tech industry has a clear interest in the trade pact, given its role in foreign trade and in supply chains across North America   Read More ...
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Tags: Money |  Trade |  Expenditure |  Money Management | 
Places: North America |  United States | 
Elon Musk is 'fixated on Mars' but Jeff Bezos and I want to use space to better the Earth, says billionaire Richard Branson
Elon Musk wants to put humans on the Mars in seven years but Richard Branson says he and fellow space-focused billionaire Jeff Bezos remain focused on the Earth. "Elon is absolutely fixated on going to Mars and I think it's his life mission," Branson said on "Squawk Box" on Wednesday. "Jeff and ourselves [at the Virgin Group] are more interested in how we can use space to benefit the Earth   Read More ...
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Places: Americas |  North America |  United States | 
Cramer: IBM is not a Warren Buffett story anymore but about 'reignition of earnings'
Shares of IBM were up 9 percent midmorning Wednesday, lifting the Dow Jones industrial average after the tech giant reported better-than-expected quarterly results the day before. Earlier this year, Buffett, chairman and CEO of Berkshire Hathaway, spoke about a decision to dump his IBM shares. , Buffett said: "I don't value IBM the same way that I did six years ago when I started buying   Read More ...
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Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: Americas |  North America |  United States | 
'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says
The Trump administration, bent on deregulation from the start, has now completed wholesale repeal of the "Mnuchin Rule." It happened in an interview with Treasury Secretary Steven Mnuchin that Politico published Wednesday. Faced with economic analyses showing the White House plan to cut corporate and personal income taxes provides big gains for wealthy Americans, Mnuchin called that result unavoidable. "The top 20 percent of the people pay 95 percent of the taxes," the Treasury secretary said   Read More ...
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Tags: Taxes |  Money |  Wealth |  Taxation | 
Places: North America |  United States | 
29-year-old Colorado-based restaurant chain files for Chapter 11 bankruptcy
DENVER BUSINESS JOURNAL - Romano’s Macaroni Grill filed Wednesday for Chapter 11 bankruptcy protection, though the Denver-based company emphasized the move is meant to try to get out from under leases on 37 closed restaurants rather than to downsize the reorganizing sit-down Italian eatery chain any further. The 29-year-old restaurant already has secured third-party loan funding and does not plan to renegotiate contracts with vendors other than the leaseholders on the closed restaurant properties   Read More ...
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Tags: Money |  Debts |  Insolvency |  Bankruptcy | 
Places: Americas |  North America |  United States |  West |  Mountain |  Colorado |  Denver | 
Warren Buffett just made nearly $800 million in IBM, a stock he doesn’t even like that much
IBM shares surged 8.9 percent Wednesday after the company reported better-than-expected third-quarter earnings the previous evening. The Oracle of Omaha's Berkshire Hathaway owns 54.1 million shares of IBM as of June quarter-end, according to FactSet. With Wednesday's more than 14 point rally in the shares, Buffett's company is up approximately $775 million on its position, assuming it hasn't sold shares since then   Read More ...
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Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: Americas |  North America |  United States | 
Coventry Police searching for man using stolen credit cards
COVENTRY, R.I. — The Coventry Police Department is searching for a suspect who they say made multiple fraudulent purchases with stolen credit cards. According to police, the suspect broke into a vehicle in Coventry, stole a wallet with numerous credit cards belonging to the victim and used them in stores across Rhode Island and Massachusetts on Sept. 22. Police say the suspect used the stolen credit cards at Benny’s in East Greenwich, Salk’s Ace Hardware in North Kingstown, Staples and Denali stores in Wakefield, Palumbo Liquors in Walpole and Home Depot in Norwood   Read More ...
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Tags: Police |  Law Enforcement |  Crimes |  Money |  Theft |  Credit Cards |  Credit |  Law enforcement agencies | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Rhode Island |  Coventry | 
Is Melaleuca’s founder really 42 percent richer than he was in June? Forbes says so
This summer, Frank VanderSloot was reluctantly crowned Idaho’s wealthiest man by Forbes. Now he’s made another of the business magazine’s lists: the wealthiest 400 Americans. VanderSloot, the founder of Melaleuca, was one of 13 people who tied for No. 302, each with fortunes Forbes estimated at $2.7 billion. That’s an $800 million jump in net worth from Forbes’ last estimate of $1   Read More ...
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Tags: Money |  Wealth | 
Places: North America |  United States |  West |  Mountain |  Idaho | 
Chicago mayor unveils 'gimmick-free' budget for FY 2018
CHICAGO (Reuters) - Chicago Mayor Rahm Emanuel proposed a fiscal 2018 budget on Wednesday that he said eschews “fiscal smoke and mirrors,” but critics said vestiges of those practices remain. In his annual budget speech to the city council, Emanuel said the spending plan is free of what he called any “budget gimmick” like so-called scoop and toss, which extends maturities on existing bonds to provide budget relief, for the first time since he took office   Read More ...
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Tags: Money |  Money Management |  Budgeting | 
Places: Americas |  North America |  United States | 
Consumer spending expected to be high this holiday season
Bryn Mawr Trust CIO Ernie Cecilia on what spending could look like this holiday season, and how that could affect the markets.   Read More ...
Categories: Business |  Travel & Recreation | 
Tags: Money |  Leisure |  Expenditure |  Holidays |  Money Management |  Holiday season | 
Places: Americas |  North America |  United States | 
Here are the 5 youngest billionaires in the US
Three of them earned their fortunes themselves, and the other two are heirs to their fortunes. Regardless, they all have two things in common -- they're young, and they're billionaires. Forbes released it annual 400 list on Tuesday, which lists the 400 richest billionaires in the U.S. Atop the list is Microsoft co-founder Bill Gates with a net worth of $89 billion, but here are the five youngest billionaires on the list   Read More ...
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Tags: Money |  Wealth |  Billionaires | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  Pennsylvania | 
Amazon Sending New Round of Credits to E-Book Buyers as Part of Apple Price Fixing Settlement
Customers who purchased a Kindle e-book between April 1, 2010 and May 21, 2012 may be receiving a credit from Amazon this morning as the retailer continues distributing funds from an antitrust lawsuit levied against Apple back in 2013 by the United States Justice Department. Emails were sent out to eligible customers in the United States this morning, and Amazon has also set up a website that will list available credits for those who are eligible for a refund   Read More ...
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Tags: Corporate |  Enterprises |  Money |  Credit |  Customers | 
Places: Americas |  North America |  United States | 
George Soros donates $18B US to charity Open Society Foundations
Philanthropist has given control of the majority of his fortune to democracy-promoting group Related Stories Investor George Soros has transferred about $18 billion US, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York Times reported earlier on Tuesday, citing Open Society officials   Read More ...
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Tags: Money |  Prosperity |  Good fortune | 
Places: Americas |  North America |  United States |  Canada | 
Reed Hastings makes the Forbes richest list for the first time
Netflix CEO Reed Hastings made this year's Forbes 400 list of richest Americans. It's the first time Hastings has appeared on the exclusive list of billionaires. The streaming service co-founder is worth $2.2 billion, which makes him just wealthy enough to join the ranks at the 359th spot. The threshold this year starts at $2 billion, meaning ultra-rich individuals like Facebook's Sheryl Sandberg -- at $1   Read More ...
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Tags: Money |  Wealth | 
Places: North America |  United States | 
Anthem expects $4 billion in savings with pharmacy deal
NEW YORK, Oct 18 (Reuters) - U.S. health insurer Anthem Inc expects $4 billion in savings starting in 2021 from its plan to end its current pharmacy contract and start managing those benefits itself, executives said on Wednesday in a conference call with investors. The executives said that 80 percent of the savings would be returned to customers in terms of affordability and the other 20 percent, or about $2 per share, would be reflected in its profits starting in 2021   Read More ...
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Tags: Money |  Savings | 
Places: Americas |  North America |  United States |  New York | 
Bill Gates Tops Forbes’ List Of Richest People
Bill Gates tops Forbes' new list of the richest people in the U-S for the 24th year in a row. ( 0:24) WCCO This Morning – Oct. 18, 2017.   Read More ...
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Places: Americas |  North America |  United States | 
Man wanted for using stolen credit card at Somers liquor store
SOMERS, Conn. (WTNH)– State Police are looking for the man who allegedly stole a credit card then used it at a Somers liquor store earlier this month. Police say at about 12:44 p.m. on October 7th, a credit card that was reported stolen was found to be used at Somers Liquor and Wine at 103 Main Street. The suspect had used the stolen credit card to buy alcohol and cigarettes from that store   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut | 
Forbes: 7 Connecticut Billionaires On List Of Top 400 Wealthiest
Seven Connecticut residents, who have a combined net worth of $47.2 billion, made this year’s Forbes’ list of the 400 wealthiest people in the United States. For a little perspective, the Connecticut General Assembly has been desperately struggling for more than nine months to find some way to deal with a projected two-year budget deficit of $3.5 billion. Five of Connecticut’s seven billionaires are hedge fund operators   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Billionaires | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut | 
Bill Gates tops Forbes’ richest list; Trump's wealth and ranking falls in latest Forbes 400 list
Microsoft co-founder Bill Gates topped Forbes magazine’s latest list of the 400 richest Americans for the 24th straight year. The combined wealth of those on the list, which was released Tuesday, rose 12.5 percent to $2.7 trillion, up from $2.4 trillion, largely because of a strong stock market. The average net worth rose to $6.7 billion, up from $6 billion a year ago   Read More ...
Categories: Business | 
Places: United States | 
Use sales tax in lieu of income tax
It’s “insane” that Montana doesn’t have a sales tax in lieu of an income tax. We are a tourist state. We get millions of out-of-state tourists every year. They would help us pay our state’s bills, as we help them pay their state’s bills, via their state sales tax, when we visit their states. It’s a no-brainer. We are crippling our economy, causing our infrastructures to be shortchanged and burdening our residents with the whole load with our antiquated income tax in lieu of a sales tax   Read More ...
Categories: Business | 
Tags: Taxes |  Corporate |  Enterprises |  Money |  Sales |  Income |  Taxation | 
Places: Americas |  North America |  United States | 
Proposal would provide $1.1 billion worth of property tax relief
LINCOLN — Nebraska property owners would get $1.1 billion worth of tax relief under a proposal developed by a loose-knit group this summer. State Sen. Phil Erdman of Bayard said the proposal would provide relief through income tax credits equal to 50 percent of the property taxes paid to school districts. The credits would be refundable, meaning that people would get a check for the amount by which the new credit exceeded their income tax liability   Read More ...
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Tags: Taxes |  Money |  Credit |  Taxation | 
Places: Americas |  North America |  United States | 
Legislature OKs tax cut for retired police, firefighters
LANSING, Mich. (AP) — State lawmakers sent Gov. Rick Snyder legislation Tuesday to give an income tax break to an estimated 800 retired Detroit police and firefighters who have been paying higher taxes under a contentious 2011 law that eliminated or reduced exemptions from the taxation of retirement income. The bill also would benefit hundreds of retirees from the Michigan State Police   Read More ...
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Tags: Government |  Parliament |  Taxes |  Money |  Income |  Legislatures |  Taxation | 
Places: Americas |  North America |  United States | 
Gov. Snyder stepped up charitable donations in 2016, giving 42% of his income to charity
LANSING Gov. Rick Snyder stepped up his charitable giving in 2016, despite a drop in his overall income, according to tax return records released to the Free Press. A Snyder spokeswoman would not say which charities benefited, or whether any of Snyder's donations went to causes related to the Flint drinking water crisis, which became a major public health issue late in 2015   Read More ...
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Tags: Money |  Income |  Taxation |  Tax returns | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Rauner's tax returns: $91 million in taxable income for '16
Gov. Bruce Rauner had more than $91 million in state taxable income in 2016, a significant drop from the $188 million he and wife Diana reported for 2015, according to tax returns the governor’s office released Tuesday. The Rauners paid $19.5 million in federal income taxes and $3.2 million in state income taxes for a total tax rate of 25 percent   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Income |  Taxation |  Tax returns | 
Places: United States | 
Trump's wealth, ranking fall in latest Forbes 400 list
NEW YORK (AP) -- President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
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Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States | 
Credit rating for Philadelphia Energy Solutions unit cut to CCC
Popular Stories S&P Global Ratings, the New York firm that judges which corporations are likely to pay back lenders and bondholders, has cut its credit rating for Philadelphia Energy Solutions Refining and Marketing LLC, which runs the former Sunoco and Arco refining complex along the lower Schuylkill in Philadelphia, to CCC-, from CCC. Both are junk-bond grades given to issuers considered unlikely to pay all they owe   Read More ...
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Tags: Money |  Credit |  Credit Ratings | 
Trump's fortune drops to $3.1 billion, ties Snap's Evan Spiegel on new Forbes 400 rich list
Donald Trump's fortune fell by $600 million, and the president is now tied with Snap founder Evan Spiegel on Forbes' 2017 ranking of the 400 richest Americans. Trump ranks No. 248 on the billionaires list this year with a net worth of $3.1 billion, according to Forbes, which released the rankings Tuesday. Trump ranked No. 156 in 2016. Forbes, which has tracked Trump since the list's debut in 1982, said the president's faltering net worth is due to weakening in the New York City real estate market   Read More ...
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Tags: Politicians |  Money |  Prosperity |  Good fortune |  Donald John Trump | 
Places: North America |  United States |  New York | 
Billionaire Mark Cuban on running for president in 2020: ‘If I was single, I would do it. For sure’
If he didn't have a family, then "yeah, absolutely" he would run for President of the United States in 2020, says billionaire tech entrepreneur Mark Cuban. "If I was single, I would do it. For sure," says Cuban, during a court-side interview at his Dallas Mavericks team practice on Monday. But given that he's married with three children, Cuban says he is not ready to formally commit one way or the other   Read More ...
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Tags: Elections |  Money |  Wealth |  Presidential elections |  Billionaires | 
Places: Americas |  North America |  United States | 
Trump's wealth, ranking fall in latest Forbes 400 list
NEW YORK — President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States | 
Trump’s wealth, ranking fall in latest Forbes 400 list
NEW YORK (AP) — President Donald Trump’s ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion. The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States |  Northeast |  New England |  Rhode Island | 
Trump's wealth, ranking fall in latest Forbes 400 list
NEW YORK President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States | 
Trump’s wealth, ranking fall in latest Forbes 400 list
(AP) — President Donald Trump’s ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States |  Northeast |  New England |  Connecticut | 
Nordstrom lenders demanded interest rate that most retailers couldn't pay
SEATTLE -- As the fourth generation of Nordstrom's founding family spent the summer exploring the idea of taking the retailer private and scouting for financing, one thing was clear: It wouldn't come cheap. The family needed roughly $7 billion to fund the deal, and lenders demanded a steep interest rate, according to people with knowledge of the matter. After meeting at least nine firms over the course of four months, the asking price came to about 13 percent, said the people, who requested not to be identified because the discussions were private   Read More ...
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Tags: Markets |  Money |  Credit |  Retail Markets |  Creditors | 
Places: Americas |  North America |  United States |  West |  Pacific |  Oregon | 
Trump's wealth, ranking fall in latest Forbes 400 list
NEW YORK (AP) -- President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
11 Houston billionaires make Forbes richest American list
Houston's richest mostly got richer as 11 billionaires earned spots on Forbes annual list of the 400 richest Americans. Of the 11 billionaires who kept a spot on the list this year, nine saw their fortunes rise. Tilman Feritta, who added the Houston Rockets to his portfolio after the list was calculated, saw his net worth shoot up 30 percent to $3   Read More ...
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Tags: Money |  Wealth |  Billionaires | 
Places: Americas |  North America |  United States |  American South |  Southcentral US |  Texas |  Harris |  Houston | 
‘Millionaire’s tax’ would hurt state
The proposed “millionaire’s tax” set for the November 2018 ballot would force Bay Staters to pay the second-highest combined state and federal top capital gains tax rate in the country and sixth-highest in the world, according to a stunning new report by the Pioneer Institute. “Right now we’re in the middle of the pack,” said Greg Sullivan, the former state Inspector General, now the research director at the Pioneer Institute   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Wealth |  Millionaires |  Taxation | 
Places: Americas |  North America |  United States | 
Capital One's new cash-back credit card for foodies
Capital One's new credit card aims to pay people back for what many are already spending big on: dining out. The card, called Savor, offers unlimited cash back in standard categories like 2% back on groceries and 1% on all other purchases. But it's the 3% cash back on dining that sets it apart from other cash-back rewards cards. "The passion for food as a shared experience is very important to people," says Mark Mattern, vice president of U   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Places: Americas |  North America |  United States | 
Trump's wealth, ranking fall in latest Forbes 400 list
NEW YORK (AP) — President Donald Trump's ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States | 
Trump’s wealth, ranking fall in latest Forbes 400 list
New York — President Donald Trump’s ranking in the Forbes list of wealthiest Americans has dropped, as the magazine said the value of some of his Manhattan real estate holdings has declined recently. Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion . The year before, he was ranked 156th and Forbes said he was worth $3   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Money |  Wealth |  Donald John Trump | 
Places: North America |  United States |  Midwest |  East |  Michigan | 
eCO Savings Race: Team Toney
This week on eCO Savings Race, we’re spotlighting Team Toney! Toney’s goals include paying off all credit card debt, paying off her student loan, saving $1,000 towards her emergency fund, reducing spending on eating out and shopping, and creating a secondary income source. Toney says she thinks the most difficult goal is to cut down on eating out. “I’m a single woman, and I eat out as a way to socialize with other people, so I’ll have to find creative ways to socialize with other people,” Toney said   Read More ...
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Tags: Money |  Savings | 
Places: Americas |  North America |  United States |  American South |  Southeast US |  Alabama |