Bloomberg Berkshire Boost From Trump Tax Plan Seen as High as $29 BillionBloombergWarren Buffett's Berkshire Hathaway Inc. could get a $29 billion boost to its book value under tax-rate cuts advocated by President-elect Donald Trump, according to Barclays Plc. “We would view this magnitude of increase as favorable for Berkshire …Buffett's Berkshire could get $29 […]
Wall Street Journal Middle-Market Woes Inspire Starbucks's Bet on Luxury CoffeeWall Street JournalAbout 25 years ago, Starbucks Corp. decided to become a public company on the bold idea that customers across the country would pay more than $1 for a cup of coffee. Now, Starbucks is betting people will pay as much as $1 an […]
Wall Street Journal Amazon Working on Several Grocery-Store Formats, Could Open More Than 2000 LocationsWall Street JournalAmazon.com Inc. unveiled Monday its first small-format grocery store, Amazon Go, one of at least three brick-and-mortar formats the online retail giant is exploring as it makes a play for an area of shopping that remains stubbornly in-store. Two […]
Wall Street Journal Italy Votes in Landmark ReferendumWall Street JournalROME—Italians went to the polls Sunday in a pivotal referendum that pits the country's center-left prime minister, Matteo Renzi, against a surging populist movement. The ballot, on proposed changes to the country's constitution, is effectively a vote …Italy referendum: PM Renzi's future in the balanceBBC NewsThis […]
Business Insider No price like home: Big spenders reappear in ChinaBusiness InsiderSHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. and more » Subscribe to the RSS […]
CNN The Latest: Stein changes strategy in Pennsylvania recountWashington PostHARRISBURG, Pa. — The Latest on the Green Party's effort to force a statewide recount of the Nov. 8 presidential election in Pennsylvania: (all times local):. 11:45 p.m.. The Green Party says it's switching strategy in its bid to force a statewide …Jill Stein's effort to […]
KHOU.com Start-up CEO Sacks resigns; report says Trump team nextKHOU.comSAN FRANCISCO — Zenefits CEO David Sacks is stepping down amid speculation that he has been tapped by billionaire technology investor Peter Thiel to assist president-elect Donald Trump. In a memo to Zenefits staff, Sacks said late Friday he would …How GE Healthcare is using magnets to […]
St. Augustine Record Starbucks CEO Retires: Here's Why Investors Shouldn't PanicSeeking AlphaHoward Schultz has proven to be one of the most successful CEOs in history, nearly tripling the market's returns over the past two decades. Now, however, comes word that Schultz is stepping down as CEO in April; news that sent shares down 4% at […]
The Hill CEO: Ford will work with Trump if policies rightThe Hill“We will be very clear in the things we'd like to see,” Mark Fields said in an interview with Bloomberg on Friday, adding he would like to see safety guidelines for autonomous vehicles, tax reform and laws that promote free and fair trade. ADVERTISEMENT.How […]
Channel NewsAsia RPT-Fed official stands by Wall St reforms, says must complete workReutersNEW YORK Dec 3 The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.Fed Policy Maker Urges Continued Work to End […]