Archive for December 7th, 2017

Bitcoin is hotter than ever. Is it time for the average investor to get some skin in the game?

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TOKYO (AP) The frenzy surrounding bitcoin amped up further Thursday as the virtual currency soared above $15,000 for the first time, just days before it starts trading on major U.S. exchanges.
At the same time, there are fresh concerns about the security of bitcoin and other virtual currencies after NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of bitcoin valued at about $70 million.
Research company Coindesk said that a wallet address referred to by NiceHash users indicates that about 4,700 bitcoins…

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One of America’s most popular tax breaks is about to be rendered nearly useless. And there are few economists rushing to defend it.

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Let’s talk about the corporate alternative minimum tax. A massive corporate tax cut is the Republican tax overhaul’s entire reason for being.

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One of America’s most popular tax breaks is about to be rendered nearly useless. And there are few economists rushing to defend it.

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General Electric to cut 12,000 jobs as new CEO continues turnaround efforts.

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The Louvre Abu Dhabi is getting Leonardo Da Vinci’s “Salvator Mundi,” which sold last month at a Christie’s auction for $450 million, the most ever paid for a work of art.

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Family-owned businesses including grocery stores, craft shops, small manufacturers and others are worried tax legislation in Congress could leave them at a disadvantage to big corporations and other competitors.

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Months after Ford canceled plans to build a plant in Mexico, it said it plans to shift production of an electric vehicle from Michigan to Mexico.

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Doughnut maker Krispy Kreme says at least 90 employees are being laid off as it moves its operations.

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