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Business News

Location American Business News for 2 November 2017
Why the next chair of the Fed will be facing a big problem The Federal Reserve announced on Wednesday that it wasn't raising interest rates -- at least, not yet. But in what could be one of Fed Chair Janet Yellen's last meetings, the policymaking committee got a little more gidd...
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The GOP tax bill kills a $7,500 electric-vehicle credit -- and that's terrible news for Tesla (TSLA, GM) Tesla The GOP tax bill eliminates a $7,500 federal electric-vehicle tax credit. The credit would go away immediately, not be phased out. The credit has been seen as a major driver of EV sales. The just-unveiled Republica...
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A part of the new GOP tax plan will be a tough sell for Republicans in New Jersey, New York, and California Reuters The House GOP unveiled its massive tax reform bill Thursday. One of the biggest hangups for Republicans in states like New York, New Jersey, and New York has been the proposed elimination of the state and local t...
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MannKind's Cash Runway Looks Too Short

Barron's - 2 Nov 2017 19:22
MannKind's Cash Runway Looks Too Short Maxim is disappointed in the amount of capital raised in an equity offering may not support the launch of Afrezza.
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9 shocking things you can learn about your health just by looking inside your mouth Disney Pixar You mouth can tell you more about your overall health than you think. It can indicate if you have diabetes, are at risk for heart disease, and much more. Let this be a reminder to take good care of your teet...
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A merger between CVS Health and Aetna could be what the doctor ordered STANLEY and Sidney Goldstein would scarcely recognise their creation. In 1963 the brothers opened a humble storefront in Lowell, Massachusetts, selling health and beauty products. Determined to put customers first, they ...
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The Republican leader of the New York state Senate is urging Congress to reject a provision of the GOP tax cut proposal that he says would harm middle class homeowners …
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Hedge fund sues Google for info on scamming WSJ imposter Months after Muddy Waters Capital, a San Francisco hedge fund, shorted shares of a French retailer, a man posing as a Wall Street Journal reporter tried to obtain tactical insight from the fund's founder, Carson Block, a...
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Silicon Valley Startup Raises $41M From Tencent & MindWorks Ventures To Teach Kids Coding In Asia We've been seeing a trend of Silicon Valley startups coming to Asia to seek both funding and customer expansion for several years now. Not only do financial hubs like Hong Kong offer access to investment, but it also off...
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Tesla shares plummet amid Model 3 production issues

New York Post - 2 Nov 2017 03:47
Tesla shares plummet amid Model 3 production issues Tesla shares tumbled as much as 4.9 percent in after-hours trading on Wednesday after the company admitted it would not meet aggressive 2017 production goals of its super-important Model 3 sedan. Chief Executive Elon Mus...
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Top Bitcoin players who could make a fortune off the cryptocurrency Some people don't understand what Bitcoin is, but some people stand to make a fortune off the cryptocurrency. Here are the five people who stand to make a killing when they finally cash in on Bitcoin.        
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Saudi Arabia gave Richard Branson $1 billion to go to space Saudi Arabia may be poised to become a world leader in commercial space travel.        
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Wall Street Pushes Bitcoin Prices To New Highs Bitcoin soared to new highs in recent days, as Wall Street raced to catch up with the buzz for the digital currency.
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The worst days to travel around Thanksgiving

Business Insider - 2 Nov 2017 20:50
The worst days to travel around Thanksgiving Albert Gea/Reuters RewardExpert analyzed flight data from the past five years to figure out which days are the best and worst to travel this Thanksgiving. Saturday the 18th is the best day to travel before Thanksgiving, ...
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'No question' the war for deposits is on

American Banker - 2 Nov 2017 19:08
Over the past year competition for commercial deposits has intensified, but pressure on consumer deposit prices is starting to edge up, too, says Mark Schroeder, CEO of German American Bancorp.
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Yu Darvish may have been tipping his pitches in nightmare World Series performance Harry How/Getty Dodgers pitcher Yu Darvish gave up five runs in less than two innings of work during Game 7 of the World Series. Game footage indicates that Darvish was tipping his pitches, allowing Astros hitters toadju...
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JPMorgan: Twitter Perched to Fall

Barron's - 2 Nov 2017 17:57
JPMorgan: Twitter Perched to Fall Twitter often falls sharply in December so consider buying bearish puts now.
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The best cat bowls you can buy

Business Insider - 2 Nov 2017 17:30
The best cat bowls you can buy TheInsider Picksteam writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. The Insider Pick: Cats deserve to eat from a nice clean bowl...
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Kearny agreed to pay $408 million for Clifton Bancorp in a deal that will add 12 branches in northern New Jersey.
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Major right-wing donor Bob Mercer is leaving his hedge fund and selling his stake in Breitbart Scott Olson/Getty Images Hedge-fund billionaire and major conservative donor Robert Mercer is stepping down from his position as co-CEO of Renaissance Technologies. He did not give a reason for his departure. Bloomberg r...
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PacWest Bancorp Named Top Dividend Stock With Insider Buying and 4.21% Yield So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is PacWest Bancorp (NASD: PACW), which saw buying by EVP, Chief Financial Officer Patrick J. Ru...
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Trump Pick To Lead Ex-Im Bank Looks Doomed As Free Market Ideologues Lose Ground In GOP Republican critics of the U.S. export credit agency increasingly look out of touch with President Trump's economic agenda.
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