Corporate Tax Cut to Be Phased Out After a Decade – Bloomberg

House tax writers are planning on phasing out the proposed corporate rate of 20 percent after a decade, according to a Republican lawmaker familiar with the negotiations. Cutting the corporate tax rate to 20 percent from 35 percent is a key provision of the tax legislation that Republican congressional leaders plan to unveil on Thursday. […]

Fed keeps rates unchanged, remains on road to December rate hike – Reuters

WASHINGTON (Reuters) – The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. Investors had all but ruled out a rate hike at […]

Under Armour’s terrible year just got worse – Washington Post

A woman runs past an Under Armour store in downtown Chicago on Oct. 16. (Christopher Dilts/Bloomberg) Americans, it seems, are over Under Armour. The onetime darling of the athletic wear industry on Tuesday announced that sales are down for the first time since 2005, even as it makes an aggressive push to expand into mainstream chains like DSW, […]

Trump Is Expected to Name Jerome Powell as Next Fed Chairman – New York Times

In looking past Ms. Yellen, Mr. Trump would be breaking with longstanding precedent. Every Fed chairman in modern history who completed a first four-year term was nominated for a second. The last three Fed chairmen were nominated for new terms by a president of the opposite party. And Mr. Trump has praised Ms. Yellen’s performance: […]

SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources – Reuters

(Reuters) – SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc over how many shares each would hold in the combined company, people familiar with the matter told Reuters on Monday. In a board meeting at Japan’s SoftBank on Friday, several directors […]

GE’s board was kept in the dark about Immelt’s use of a shadow jet, which he says he didn’t know about: WSJ – CNBC

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Tesla is immune to bad news — here’s why – Business Insider

Elon Musk at SpaceX Hyperloop Pod II competition in Hawthorne, CaliforniaReuters/Mike Blake Tesla has reliably produced an endless stream of bad news during the last year. Investors haven’t cared, or haven’t cared for long. That pattern will probably continue, short of Tesla threatening bankruptcy. Tesla isn’t like other companies, and that’s both a good thing […]

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