Archive for January 8th, 2019

About 12 percent of IRS staff is expected to continue working through a shutdown, which means certain functions would be curtailed.

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Wall Street’s 2018 pullback has left investors bruised, but market bulls contend that the recent pullback could wind up mimicking moves of about three years ago when a harsh start to 2016 proved merely a pause before a series of all-time highs.

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<p>As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys 'R' Us, whose workers collected $20 million in severance pay from its former owners.</p>

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Chinese consumers may have soured on some U.S. products, like iPhones, but they have only sweetened on U.S. residential real estate. They have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower price tiers.

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The tech giant is pushing a trade-in program that often pays more than carriers do to persuade people to exchange older devices.

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BP on Tuesday announced a massive discovery in the Gulf of Mexico and a $1.3 billion investment in another offshore field.

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The IRS released new tax brackets for 2019, which slightly changes the federal tax rate ranges for income earned this year.

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More than a dozen former Facebook employees detailed how the company's leadership and performance review system has created a culture where any dissent is discouraged

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The recent volatility in the stock market can make older investors feel vulnerable. Here are some strategies to make sure your money lasts as long as you do.

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Apple’s iPhone XR, introduced as a cheaper alternative to the XS and the XS Max, isn’t selling as well as the company had hoped.

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<p>Sears Holdings will ask a bankruptcy judge Tuesday if it can proceed with liquidation after it could not reach an agreement on chairman Edward Lampert's $4.4 billion takeover bid, casting doubt on the survival of the 126-year-old U.S. department store chain, people familiar with the matter said.</p>

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<p>PG&amp;E Corp's stock fell more than 12 percent Tuesday after S&amp;P Global stripped the California power company of its investment-grade credit rating in the face of massive claims stemming from deadly wildfires.</p>

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<p>Stocks rose sharply on Tuesday as technology shares outperformed and the market remained cautiously optimistic that Washington and Beijing will move forward on a trade deal.</p>

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Eddie Lampert's $4.4 billion offer was Sears' only shot at staying alive and preserving 55,000 jobs. But the bid has come up short.

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<p>At around 5:50 a.m. ET, Dow Jones Industrial Average futures indicated a positive open of more than 145 points.</p>

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