Archive for December 11th, 2017

Some experts believe they could be among the first casualties of an impending electric car revolution.

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Bitcoin is in the “mania” phase, with some people even borrowing money to get in on the action, regulator Joseph Borg said.

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Economic bubbles grow — and eventually pop — when politicians forget why financial regulations exist.

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Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade.

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BRUSSELS (AP) The European Unions top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having a major distortive impact on trade.
In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had significant concerns about three tax initiatives in particular.
In the letter, seen by The Associated Press, the five wrote that it is important that the U.S. governments rights over domestic tax policy be…

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Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, which lawmakers rushing to write the final measure are working to prevent.

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A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.

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In many cases, the older adults are paying for basic necessities.

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CHICAGO (AP) The first-ever bitcoin future jumped after it began trading Sunday as the increasingly popular virtual currency made its debut on a major U.S. exchange.
The futures contract that expires in January surged more than $3,000 to $18,580 eight hours after trading launched on the Chicago Board Options Exchange. The contract opened at $15,000, according to data from the CBOE.
The CBOE futures dont involve actual bitcoin. Theyre securities that will track the price of bitcoin on Gemini, one of the larger bitcoin exchanges.
The start of trading at 5 p.m. CST overwhelmed the CBOE…

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Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, which lawmakers rushing to write the final measure are working to prevent.

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Is bitcoin in a bubble?The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000.That rocketing level of appreciation smells a lot like an irrational…

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