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GOP Tax-Cut Effort Enters Critical Phase in House, Senate

GOP Tax-Cut Effort Enters Critical Phase in House, Senate

The Republican effort to pass a $1.5 trillion tax cut entered a critical period Thursday, with the House and the Senate operating on parallel tracks to clear legislation over a series of hurdles.

Published 7 months ago

Economists See Few Monetary Policy Changes With Powell Leading Fed

Economists See Few Monetary Policy Changes With Powell Leading Fed

Economists surveyed by The Wall Street Journal this month expect that a Federal Reserve led by Jerome Powell would mean little change in monetary policy and a less aggressive approach to financial regulation.

Published 7 months ago

Democrats, GOP Spar Over Who Is to Blame for Rising Health-Insurance Premiums

Democrats, GOP Spar Over Who Is to Blame for Rising Health-Insurance Premiums

The partisan battle over the fate of the Affordable Care Act is starting to hit Americans’ pocketbooks as open enrollment seasons begins, sparking a confrontation between Democrats and Republicans over who gets the blame.

Published 7 months ago

Artificial Intelligence Is Fueling an Arms Race Among Chip Makers

Artificial Intelligence Is Fueling an Arms Race Among Chip Makers

With sales of personal computers and smartphones cooling, Nvidia, Intel, Advanced Micro Designs and a raft of startups are crafting new processors to tap into a broader AI market that is growing 50% a year.

Published 7 months ago

Former Bitcoin King Is Bankrupt—And He Could Get Rich Again

Former Bitcoin King Is Bankrupt—And He Could Get Rich Again

Creditors of the collapsed Japanese bitcoin exchange Mt. Gox are due to miss out on the surge in bitcoin prices. But the exchange’s former chief, now on trial for embezzlement, could make a tidy profit.

Published 7 months ago

Prosecutors Seek Plea Deal With Manafort’s Former Son-in Law

Prosecutors Seek Plea Deal With Manafort’s Former Son-in Law

The Justice Department is seeking to reach a plea deal in its criminal investigation of the former son-in-law of Paul Manafort, President Donald Trump’s one-time campaign chairman.

Published 7 months ago

How Some Small Banks Are Firing the Fed

How Some Small Banks Are Firing the Fed

Bank of the Ozarks was regulated by the Federal Reserve, the Federal Deposit Insurance Corp., a state banking agency and others. When it wanted to cut costs, it ditched the Fed.

Published 7 months ago

How an American Family Escaped From Amazon Pirates

How an American Family Escaped From Amazon Pirates

The Harteau family’s adventure came to a harrowing end on Nov. 1, when a ferryman plucked the couple and their two daughters, 6-year-old Colette and 3-year-old Sierra, from a river in Pará state in the Brazilian Amazon.

Published 7 months ago

In China, Trump Cajoles Xi With Tough Talk, Flattery

In China, Trump Cajoles Xi With Tough Talk, Flattery

U.S. President Donald Trump blended chumminess with his host, Xi Jinping, with tough talk on North Korea and trade, saying he blamed his predecessors rather than Beijing for a “very unfair and one-sided” economic relationship.

Published 7 months ago

Burberry Shares Dive Despite Rise in Profit

Burberry Shares Dive Despite Rise in Profit

Burberry said it doesn’t expect sales growth until fiscal 2021, sending shares tumbling and underscoring the scale of the turnaround its new chief executive must engineer.

Published 7 months ago

Powell Senate Confirmation Hearing Set for Nov. 28, Panel Says

Powell Senate Confirmation Hearing Set for Nov. 28, Panel Says

The Senate Banking Committee will meet Nov. 28 to consider the nomination of Federal Reserve governor Jerome Powell to be the next central bank chairman, the panel announced Wednesday.

Published 7 months ago

Behind the Fall of a New York State Pension Fund Executive

Behind the Fall of a New York State Pension Fund Executive

Navnoor Kang, a former New York state pension fund executive accused of taking bribes from Wall Street salespeople, pleaded guilty to two counts of fraud.

Published 7 months ago

Icahn Faces Questions From Federal Prosecutors Over Trump Advisory Role

Icahn Faces Questions From Federal Prosecutors Over Trump Advisory Role

Federal prosecutors are investigating Carl Icahn’s former role advising President Donald Trump and the activist investor’s attempts to change an environmental rule that he opposed.

Published 7 months ago

Republicans Take Stock After Election Losses

Republicans Take Stock After Election Losses

Republicans scrambled Wednesday to prevent a potential Democratic wave in next year’s midterm elections after a political shellacking Tuesday fueled by opposition to President Donald Trump.

Published 7 months ago

Tencent Continues to Snap Up Stakes in U.S. Startups

Tencent Continues to Snap Up Stakes in U.S. Startups

Tencent Holdings, the rapidly growing Chinese internet giant, is proving a welcome source of capital to America’s fledgling companies, with Snap the latest focus of its deep pockets.

Published 7 months ago