Finance

Seattle Approves Rich-Only Income Tax

Seattle Approves Rich-Only Income Tax The city estimates it would raise about $125 million a year, cost $10 million to $13 million to set up, and cost between $5 million and $6 million a year to collect and enforce. As one tech worker who would pay the new tax and is advocating for it wrote on Crosscut this morning, "Seattle is a sanctuary city-for the wealthy". [Full Article...]

'It Must Be Defeated': Feinstein Blasts GOP's Proposed Health Bill

'It Must Be Defeated': Feinstein Blasts GOP's Proposed Health Bill Mr Trump vowed to repeal the law, known as Obamacare , during his 2016 campaign. "Now they finally have their chance!", Trump said in a tweet . "Such reforms would have an immediate effect on stabilizing the market while lowering premiums", the Democratic senators, including Dick Durbin of Illinois, Patty Murray of Washington and Debbie Stabenow of MI, wrote to McConnell. [Full Article...]

Marks & Spencer see sales drop in clothing and home division

Marks & Spencer see sales drop in clothing and home division Chief executive Steve Rowe said the business had clamped down on promotions and had improved full-price sales as part of its turnaround plan. Marks & Spencer saw an improvement in its ailing fashion division in its first quarter after numerous high profile appointments and a restructure aimed at turning around its fortunes. [Full Article...]

Russian Federation readying expulsion of 30 United States diplomats over diplomatic property seizure

Meanwhile, Russian Foreign Minister Sergey Lavrov said that it was "shameful" for Washington to leave the situation with the Russian diplomatic service in the U.S.in its current state, calling it "outrageous". Former President Barack Obama acted after USA intelligence sources accused Russian Federation of hacking into Democratic Party computers in an attempt to weaken Hillary Clinton's presi... [Full Article...]

PepsiCo Earnings and Revenue Top Views

PepsiCo Earnings and Revenue Top Views TX's holdings, making the stock its 5th largest position. (NYSE:PEP). Wade G W stated it has 89,723 shares or 1.54% of all its holdings. Van Berkom & Associates Inc sold 16,660 shares as Azz Inc (AZZ)'s stock declined 7.57%. During the same period in the prior year, the business earned $0.89 EPS. However, companywide, organic revenue rose 3.1 % from the year-ago quarter. The Massachusetts-based Ca... [Full Article...]

Silverstone owners to move to end Formula 1 contract

The British Grand Prix remains one of the best-supported sporting events in the country, attracting 139,000 fans on race day in 2015 and a similar number a year ago. They have made it clear they want to preserve the important European Grands Prix. "This was the only deal on the table at the time and the decision was taken to keep the British Grand Prix alive". [Full Article...]

Taylor Review: UK should end cash in hand economy

Taylor Review: UK should end cash in hand economy The author of a government review into work practices is calling for the end of the "cash in hand economy". Firms will also have to prove that a person working for them is able to earn at least 1.2 times the national living wage, which stands at 7.50 pounds ($9.65) an hour for the over-25s, the BBC reported on Monday. [Full Article...]

Drexel Hamilton Reiterates Buy Rating for Snap Inc. (NYSE:SNAP)

Drexel Hamilton Reiterates Buy Rating for Snap Inc. (NYSE:SNAP) Snap (NYSE:SNAP) traded down 0.75% during mid-day trading on Friday, hitting $17.18. The losses come as the drumbeat of pessimism from Wall Street grows louder. While many of Snapchat's IPO backers are now prohibited from selling the stock during what's known as a lock-up period, the expiration of those restrictions is less than three weeks away, on July 29. [Full Article...]

Fed Monetary Report: Valuation Pressures Have Increased Further

Fed Monetary Report: Valuation Pressures Have Increased Further The productivity slowdown, found not just in the US but also other advanced economies, reflects a combination of factors, perhaps a "productive pause" as firms retool to incorporate new technology as well as a postrecession decline in research-and-development investment that has started to reverse. [Full Article...]

Twelfth Death Linked To Ruptured Takata Airbag In Honda Accord

Twelfth Death Linked To Ruptured Takata Airbag In Honda Accord If that happens, the inflators can blow apart a metal canister and shoot out shrapnel which can kill or injure people. According to police, Kuffo was in the backyard of his home near Miami, working on a silver 2001 Honda Accord , when a neighbor heard a loud bang. [Full Article...]

USA newspapers plan to strike Google, Facebook over ad revenue

USA newspapers plan to strike Google, Facebook over ad revenue Paul Boyle, News Media Alliance senior vice president for public policy, says the group hopes to collectively address the "impact of the digital duopoly" - meaning Google and Facebook - on news organizations. Representing almost 2000 organizations, press, media Alliance information (News Media Alliance) request to the elected officials, the development of the antitrust law, which prohibits, in the... [Full Article...]

FAA facility evacuation prompts delays at ORF, other airports

FAA facility evacuation prompts delays at ORF, other airports The airport put out on social media that the airport is "in a ground stop due to evacuation of an FAA enroute center". They are expected to reopen at 9 p.m. The FAA has slowed flights into and out of Norfolk International Airport. Travelers should check with their airline in regards to their flight. The air traffic control center in Leesburg, Virginia, which handles high-altitude flights for t... [Full Article...]

European Union population reaches 512 mn, migrants add 1.5 mn

European Union population reaches 512 mn, migrants add 1.5 mn Last month separate figures revealed that the population of the United Kingdom had seen its sharpest annual increase in almost 70 years, reaching 65.6 million in the middle of 2016. Other southern European countries also recorded low birth rates: Portugal had a rate of 8.4 per 1,000 behind Greece ( 8.6) and Spain (8.7). Lithuania saw a population decrease of 14.2 per 1,000, followed by Latvia (-9.... [Full Article...]

Fight over CFPB arbitration rule may just be starting

Fight over CFPB arbitration rule may just be starting While these clauses can block any lawsuit, companies nearly exclusively use them to block group lawsuits, which are also known as "class action" lawsuits. The clauses typically allow companies to require disputes to be resolved in private mediation rather than in a public court case. The result makes it very hard for consumers to get together to sue a bank or financial company in a class-action su... [Full Article...]

Nevada Dispensaries Running Out Of Marijuana A Week After It Was Legalized

Nevada Dispensaries Running Out Of Marijuana A Week After It Was Legalized The US state of Nevada is considering emergency regulations after newly operating dispensaries started running out of marijuana within just a week of legalisation. The department stated in the press release that it will continue to work with the liquor wholesalers who have applied for distribution licenses, but most don't yet meet the requirements that would allow them to be licensed. [Full Article...]

Yep, 7-Eleven is giving out a free Slurpee again July 11

Yep, 7-Eleven is giving out a free Slurpee again July 11 All free Slurpee coupons earned during this week will be valid through August 31, 2017. Deadline to receive 11 free Slurpee drinks is August 31. Or, as it better know to fans of a certain frozen concoction: Slurpee day. To date, 7.4 billion Slurpee drinks have been slurped worldwide. More than 150 million Slurpees are sold every year in the U.S. Slurpee drinks are served at a frosty 28 degrees... [Full Article...]

Uehara finishes sixth at LPGA event

Uehara finishes sixth at LPGA event Green, 23, who played college golf at Florida and has never won on the LPGA Tour , had her brother, Matt, on the bag. "So much hard work and patience", said Kirk, who topped the US$4 million (S$5.54 million) mark in career earnings with her US$401,864 winner's cheque. [Full Article...]

Cow getup can get you free chicken Tuesday

Cow getup can get you free chicken Tuesday Customers have until closing to claim their free food on Tuesday. Do you need ideas for your cow costume? They went on to explain that children can get a free children's meal for coming in dressed up as a cow on Tuesday, July 11. Fans also can share pictures of their costumes on social media by using the hashtag #CowAppreciationDay. They are always showing cows in their commercials and telling p... [Full Article...]

The Best Tippers in U.S. are Men and Republicans

The Best Tippers in U.S. are Men and Republicans At the other end of the spectrum, women tip a median of 16 percent and Democrats, southerners and cash users tip a median of 15 percent. Princeton Survey Research Associates International conducted the poll from June 22-25, and interviewed 1,002 adults in the continental United States by telephone. [Full Article...]

Sky unveils Sports channels shake-up

Sky unveils Sports channels shake-up United Kingdom pay-TV broadcaster Sky Sports has confirmed details of its repackaged offer to viewers, bringing in a series of standalone single-sport channels in response to dramatic changes to consumption of television and live sport. The two-channel bundle costs £22, while a third increases the monthly subscription to £26. Gidon Katz, Director of Now TV said: "We're delighted to be adding t... [Full Article...]


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