If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordable. The unexpected assessment comes from consultants, policy experts, and state officials, who are trying to discern the potential fallout from a Washington health care debate that's becoming even more complicated and volatile. It's because another subsidy that's part of the health law would go up for people with low-to-moderate incomes, offsetting Trump's move.
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closes on Thursday,
Shares of Apple Inc. sank Thursday, as a report of an Apple Watch snag in China, indications of a potential slow ramp for new iPhones and a broad selloff in the technology sector put the shares on track to suffer their worst day in over two months. The technology giant’s stock AAPL, -2.37% fell $4.36, or 2.7%, enough to pace the Dow Jones Industrial Average’s DJIA, +0.02% decliners. The selloff could be blamed for the Dow’s weakness, as it was shaving about 30 points off the Dow, which was down just 16 points. See Market Snapshot. The stock’s decline would be the biggest since Aug. 10, when it fell $5.74, or 3.6%. Earlier Wednesday, the Wall Street Journal reported that the new Apple Watch’s
Strategists at Bank of America Merrill Lynch warned in a note late Wednesday that a hiccup in corporate profits would be enough to push the S&P 500 Index down by more than 10 percent before Valentine’s Day, although they remain bullish on equities over the longer-term.
China's central bank has said it should prevent accumulation of risk from excessive optimism.
Is retirement dead? Before you start worrying too much, the fact that we think retirement as we know it is a thing of the past isn’t necessarily a bad thing. To understand that, just consider where the traditional idea of retirement came from in the first place.
Bank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a stock-market correction. BAML joins Morgan Stanley in the ranks of big firms that have sounded the alarm this week. The most recent firm to sound the alarm is Bank of America Merrill Lynch, which forecasts a pullback of at least 10% — the historical definition of a correction — by Valentine's Day.
Critical information for the U.S. trading dayBloomberg NewsKyle Bass says this market resembles the 1987 debacle on steriods. The stock market may never go down again. To mark the occasion, Pension Partner’s Charlie Bilello, the originator of that opening comment, went on a bit of a tweetstorm.
The Internal Revenue Service, in a new policy, says it will block or suspend processing of 2017 income tax returns that do not comply with Obamacare rules requiring filers to disclose their health insurance status. The IRS' move to tighten Americans' compliance with the Affordable Care Act comes even as the Trump administration remains hostile to that health law and takes steps to undercut it. "Taxpayers remain obligated to follow the law and pay what they may owe at the point of filing," the IRS said in a description of the new policy. The ACA requires most people to have some form of health insurance coverage or pay a tax penalty — a requirement known as Obamacare's individual mandate. That
Boeing Co said on Thursday it invested in Near Earth Autonomy, a Pittsburgh-based firm that develops technologies enabling autonomous flight such as drones. In addition to the undisclosed investment, Boeing said the two companies will also explore products and applications for emerging markets such as urban mobility. It was the first investment in autonomous technologies by Boeing's venture capital arm, Boeing HorizonX, since it was established in April of this year, Boeing said.
United CEO: We're beginning to set stage for long-term strategy 5 Hours Ago | 03:12 Shares of United Continental Holdings plunged more than 12 percent on Thursday, following a tense earnings call, in which CEO Oscar Munoz said the airline dug itself "in a hole" in regard to competition. It was the biggest one-day percentage decline for the company's stock since October 2009, a year before United and Continental closed their merger. The airline beat analysts' earnings expectations for the quarter ended in September, but executives said United has struggled to fend off competition from low-cost carriers and faced higher fuel and other costs. Cost pressure could eat into the company's bottom
There is no better time than National Save for Retirement Week (October 16 - 21) to start saving in earnest, to keep on growing your nest egg or to make some positive adjustments to your existing retirement savings game plan. Here are 5 solid tips to make retirement saving work out for you. A 22-year-old who saves $200 a month—just about $50 a week—at a 6 percent annual rate of return will have more than $76,000 saved towards retirement at age 40.
More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits in 2018. But many will see their take-home pay stay about the same as it was in 2017. In dollars and cents, the average retired worker's monthly benefit will rise $27 to $1,404 in 2018 from $1,377 in 2017. But depending on what happens with Medicare premiums, many people could see little or nothing of that 2% COLA, said Elaine Floyd, director of retirement and life planning at Horsesmouth. By way of background, the SSA deducts the Medicare Part B premium, which helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled
Stocks dropped on Thursday, with both the S&P 500 and Nasdaq 100 on pace for their biggest losses since late September. At the root of the selling was weakness in Apple, which dropped as much as 2.8% on a report that orders for the recently-launched iPhone 8 have been cut for the rest of the year amid lukewarm interest. Since Apple is the most heavily weighted component in the benchmark index, any sharp fluctuation in the company's stock can have an outsized impact.
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The unlimited data plans Verizon Communications Inc. once shunned are now helping the phone giant buy time for its next move. The all-you-can-use packages the largest U.S. wireless provider introduced this year led to a surge in subscribers for a second straight quarter. The increase gives Verizon more breathing room to create big new sources of revenue in media, advertising or connected cars as it struggles to maintain market share amid a price war. The telecommunications giant is aiming for a spring launch of a new online TV service that has been delayed at least twice, people familiar with the matter said, after settling on a strategy of delivering a sleeker version of cable programming over broadband.
Experts say that workplace bullying is disturbingly common. A big part of the problem is that there are very few places bullied and harassed employees can turn to for help. Bullying bosses and toxic workplaces have dominated the headlines recently. Along with allegations of sexual assault and harassment perpetrated by movie mogul Harvey Weinstein, members of the entertainment industry have described how his brother Bob Weinstein would bully and verbally abuse staff. In a written statement to The Wall Street Journal, Weinstein said: “At times I have a temper, but I would not describe it as volatile, and I’m definitely not a bully.” The Weinstein company did not immediately return a request for
Wednesday, October 18, 2017The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including IBM Corp (IBM), Celgene (CELG) and Procter & Gamble (PG). These
Novartis AG NVS announced encouraging results on Revolade from the EXTEND study. The open-label extension study from four trials (TRA100773A, TRA100773B, TRA102537/RAISE and TRA108057/REPEAT) showed long-term disease control in chronic/persistent immune thrombocytopenia (ITP) patients. Patients suffering from ITP have a low number of platelets which in turn does not let the blood to clot resulting in bruising and bleeding. The study results showed that nearly 70% of patients maintain platelet counts without rescue therapy for prolonged periods, reducing the overall risk of bleeding. In addition, more than one-third of patients permanently stopped one or more concomitant ITP medications (including corticosteroids, danazol, azathioprine).
Despite widespread global criticism, North Korea has been continuously testing missiles to develop a nuclear program in order to safeguard itself from potential U.S. invasion, per North Korean leader Kim Jong-Un. While President Donald Trump has threatened to destroy North Korea completely if it attacks, his North Korean counterpart responded by warning the United States of the "highest level of hard-line countermeasure in history” (read: North Korea Jitters: ETF Winners and Losers).
The developments around Harvey Weinstein are not dying down. It’s been two weeks now since The New York Times dropped a bombshell investigative report into allegations of sexual harassment against Harvey Weinstein, and the story continues to reverberate throughout Hollywood, the media and beyond. Today’s major development is that the Los Angeles Police Department is investigating allegations that the disgraced movie mogul raped an Italian model-actress at a hotel in 2013, reported the Los Angeles Times. The New York and London police are also investigating accusations against him. Meanwhile, The New Yorker published a statement from current and former Weinstein Co. employees insisting they didn’t
Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week. Target said it recorded an average of $300 in sales per square foot across its stores, compared with at least $600 in sales per square foot from its small-format stores. Target's more than 70 newly remodeled stores have seen an average 2-4 percent increase in sales since being renovated, Cornell said at a news briefing on Thursday to launch the latest small-format store opposite the Macy's Inc headquarters in Manhattan, New York.
So, perhaps you’d like to know exactly how white and male Silicon Valley tech firms are. Sorry, that’s a secret. But nearly two dozen Bay Area technology firms have voluntarily broken the cone of silence around the lack of diversity in their industry. And they deserve some credit, because it’s not a pretty picture. Every year, companies with 100 or more employees must submit to the federal government an “EEO-1” form that breaks down workforce data by race, gender and job category. But although Uncle Sam collects those reports, he declines to share them with the taxpaying public. In order to pry open some kind of window into that black hole of hidden embarrassments (and possible liabilities),
Taiwan Semiconductor Manufacturing Co. forecast 11 to 12 percent growth in revenue in the holiday quarter, when Apple Inc.’s much-anticipated iPhone X goes on sale. TSMC’s technological edge and its role as the main chip supplier to Apple is helping it weather poor smartphone demand globally. The world’s largest producer of made-to-order microchips is predicting revenue of $9.1 billion to $9.2 billion in the December quarter, in line with projections for about $9.15 billion. That forecast came after TSMC posted a narrower-than-expected 7 percent decline in profit. The Taiwanese giant, which had reported three consecutive months of sales declines, is one of the industry’s most cost-effective