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GOP Tax Plan to Allow for Top Individual Rate Above 35%

GOP Tax Plan to Allow for Top Individual Rate Above 35%

The Republican tax plan being released Wednesday will open the door to a top individual tax rate that is higher than the 35% that has been in previous plans, according to two people familiar with the discussions.

Published 3 months ago

Yellen Says Low Inflation Could Lead to Slower Pace of Rate Rises

Yellen Says Low Inflation Could Lead to Slower Pace of Rate Rises

Federal Reserve Chairwoman Janet Yellen defended the central bank’s projection for a gradual path of interest-rate increases over the next few years even though she said low inflation, if it persists, could lead to a slightly slower pace of rate rises.

Published 3 months ago

Dyson Says It Is Developing Electric Car

Dyson Says It Is Developing Electric Car

Dyson Ltd., the British technology company known for its high-end vacuum cleaners and ubiquitous hand dryers, said Tuesday that it was developing an electric car to hit roads by 2020 or 2021.

Published 3 months ago

Florida’s Orange Industry, Symbol of a State, Is Dying

Florida’s Orange Industry, Symbol of a State, Is Dying

The state’s citrus industry, beset by a disease killing off groves plus hurricanes and international competition, is banking on producing a genetically engineered orange that is years away from being ready for sale.

Published 3 months ago

Uber Shareholder Sues Company, Ex-CEO Over Alleged Fraud

Uber Shareholder Sues Company, Ex-CEO Over Alleged Fraud

A lawsuit from the Irving Firemen’s Relief & Retirement Fund in Texas claims Uber and former CEO Travis Kalanick knowingly misled investors while raising capital by failing to reveal the company had potentially broken laws.

Published 3 months ago

Behind the NFL’s Frantic Scramble to Hit Back at Trump

Behind the NFL’s Frantic Scramble to Hit Back at Trump

Over a hectic 24 hours, the NFL struggled to control the crisis, resulting in ad hoc and mixed messages at times from players and teams.

Published 3 months ago

Trump Adviser Roger Stone Says Talk with Hacker Was ‘Benign’

Trump Adviser Roger Stone Says Talk with Hacker Was ‘Benign’

Longtime Trump adviser Roger Stone said ahead of congressional testimony that his interactions with an online entity the U.S. said was used by Russia to meddle in the 2016 election were “limited” and “benign.”

Published 3 months ago

Equifax CEO Richard Smith to Exit Following Massive Data Breach

Equifax CEO Richard Smith to Exit Following Massive Data Breach

Equifax Chief Executive Richard Smith is leaving the credit-reporting company after a massive data breach under his watch exposed the information of about 143 million Americans.

Published 3 months ago

Arrests Expected in Probe of Alleged Bribery, Kickbacks at College Basketball Programs

Arrests Expected in Probe of Alleged Bribery, Kickbacks at College Basketball Programs

Federal law-enforcement officials are expected to arrest at least a half-dozen people and unseal charges Tuesday as part of a wide-ranging investigation into alleged bribery and kickback schemes at several of the country’s top-tier college basketball programs, people familiar with the matter said.

Published 3 months ago

Meet the Man Behind the FDA’s Nicotine Fix

Meet the Man Behind the FDA’s Nicotine Fix

Scott Gottlieb was once a critic of the FDA, arguing it should move faster. Now as its leader, he has seized on an idea that the agency had worked on for years: getting almost all the nicotine out of cigarettes.

Published 3 months ago

Europe’s Banks Finally Start Thinking About Mergers

Europe’s Banks Finally Start Thinking About Mergers

After being whipped by scandals and losses, Europe’s banks retreated to their domestic markets to patch up their balance sheets. Now some are starting to look outward again.

Published 3 months ago

Construction of Border-Wall Prototypes Set to Begin in California

Construction of Border-Wall Prototypes Set to Begin in California

Construction is scheduled to begin Tuesday near San Diego on prototypes for a new barrier along the U.S. border with Mexico—the most visible step so far toward President Donald Trump’s long-promised border wall.

Published 3 months ago

The GOP Tax Plan: Tough Choices With Limited Room to Maneuver

The GOP Tax Plan: Tough Choices With Limited Room to Maneuver

Republicans face a daunting challenge as their tax plan comes into sharper focus: They are trying to fit more than $5 trillion of cuts inside a $1.5 trillion box.

Published 3 months ago

Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade

Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade

With this week’s crude auction, Brazil will begin reversing what industry officials say was a disastrous decision in 2007—but it won’t generate what it could have made then.

Published 3 months ago

The GOP Tax Plan: Tough Choices With Limited Room to Maneuver

The GOP Tax Plan: Tough Choices With Limited Room to Maneuver

Republicans face a daunting challenge as their tax plan comes into sharper focus: They are trying to fit more than $5 trillion of cuts inside a $1.5 trillion box.

Published 3 months ago