Month: August 2020

Peter Navarro, director of the National Trade Council, speaks to members of the media outside the White House in Washington, D.C., on Friday, Aug. 28, 2020. Stefani Reynolds | Sipa | Bloomberg | Getty Images A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the
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Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom Video Communications shares rose as much as 9% in extended trading on Monday after the
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Steve Easterbrook, then-chief executive officer of McDonald’s Corp., speaks during the opening of the company’s new headquarters in Chicago, Illinois, on Monday, June 4, 2018. Joshua Lott | Bloomberg | Getty Images McDonald’s slammed former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he should have to defend his conduct in court. 
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Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
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Carlyle Group co-founder David Rubenstein told CNBC on Monday that he is “still a little nervous” about the stock market’s robust rally from its coronavirus-era lows.  “I think the market has somewhere more to go, but on the other hand, I don’t think it can keep going up forever at this pace,”  Rubenstein said on “Squawk Box.” ”I
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China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.  The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed
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Philly fraud; under development; ran but couldn’t hide; and other highlights of recent tax cases. Philadelphia: Preparer Nvahbulai Quisiah has been sentenced to five years in prison for conspiring to defraud the U.S., preparing false client returns, wire fraud and identity theft. Quisiah owned and operated First Premier Tax Service (also d.b.a. Kosh & Associates)
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DusanManic | iStock | Getty Images Many people’s retirement dreams received a reality check following the economic downturn caused by the coronavirus pandemic. New research shows that’s especially true for older workers. A recent report from Democrats on the Joint Economic Committee of Congress found that workers ages 65 and up were hit harder by
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Among Democratic presidential nominee Joe Biden’s many tax proposals, one that has gotten less attention would modify how traditional retirement accounts are treated in the tax code. This proposal would shift some of the benefits of tax deferral in traditional retirement accounts toward lower- and middle-income earners with the goal of encouraging additional saving by
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