Archive for November 1st, 2017

The big news in health care last week was the disclosure that CVS Health Corp. owner of a vast network of drugstores is considering buying Aetna Inc., one of the nation’s largest health insurers, for roughly $66 billion. It’s undeniably important, but why?
Clearly, economic concentration in health care is growing. The possible CVS-Aetna hookup is just a gigantic example. Hospitals have been consolidating; so have physician groups. A study published recently in Health Affairs, a journal of public policy, reported that hospitals were “highly concentrated” in 90% of the country’s…

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Jerome Powell is expected to steer monetary policy much as Janet Yellen has but jump into deregulation in a way she would not.

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Stores are trying to step up their game online and in person for the critical holiday season, from dangling more discounts to livening up their stores. 

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Want to put more money away? It helps to think about saving differently.

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Tesla reported its biggest-ever quarterly loss on Wednesday as the electric-car maker spent more to speed up production of its more affordable Model 3 sedan.

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An American book world is ending. The 40-year-old midwestern chain Book World said yesterday (Oct. 31) it will close all 45 of its locations across…

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Facebook Inc reported a 79 percent jump in profit on Wednesday as it pushed further into video advertising in a quarter that was dominated by reports that Russia allegedly used the social network to meddle in the 2016 U.S. elections.

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With a new Federal Reserve leader about to be announced, the Fed is keeping its key interest rate unchanged.

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Back in 2010, and amid a particularly difficult stretch for the economy, a conservative economist teamed up with lefty economist Dean Baker in support of what they referred to as work sharing. As the duo put it at the time, Under a work-sharing program, firms are encouraged by government policy to spread a small amount of the pain across many workers. In a typical arrangement, a worker might see his weekly hours go down by 20%, and his salary go down by about 4%.
The economists referenced government policy as necessary to make what vandalized basic economics possible, and…

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House tax writers pushed back the reveal of their highly guarded, long awaited tax bill by a day, a sign that disputes among Republican lawmakers are threatening their effort to pass comprehensive legislation by Thanksgiving.

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Alexander Bottema is a middle-aged computer programmer in Massachusetts. On the surfacea normal guy. However, he recently did something extraordinary.
Im not a billionaire yet, Bottema told Business Insider. But my capital has grown by a factor of more than one hundred since I sold all my stocks and liquidated my savings in order to buy bitcoins in 2013.
Thats righthe bet it all on bitcoin. And so far, hes won. Big time.
Alexander is enjoying a ride on a one-of-a-kind investment rocket ship. The digital currency has outperformed pretty much everything. Ever.
Even…

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The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002.

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Human beings tend to have biases. Knowing how to read those can make you very rich.

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Wal-Mart will invest even more in its stores this holiday season.

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<p>The Federal Reserve is expected to keep interest rates unchanged on Wednesday as speculation swirls on who will be its next leader, but the U.S. central bank will likely point to a firming economy as it edges closer to a possible rate rise next month.</p>

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