Business

Senate GOP intent on scrapping health mandate in tax bill

Congress Taxes-3

Senate Republicans are intent on scrapping the Affordable Care Act's requirement that Americans get...

Business

In towns and cities nationwide, fears of trickle-down effects of federal tax legislation

(c) 2017, The Washington Post. It took the city of Pataskala, Ohio, nine ballot measures before its 15,000 residents agreed to a new 1 percent tax to pay for repairs to its crumbling roads and to buy new police cruisers. The mostly rural community was finally won over by a century-old hallmark of...


Business

Retailers rise again, but tech leads other US stocks lower

APTOPIX Financial Markets Wall Street-2

NEW YORK (AP) — Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn’t add to the previous day’s gains. A slew of retailers including discount chain Ross...


Business

Derided by critics, trickle-down economics gets another try

Tax Overhaul-Trickle Down

WASHINGTON (AP) — Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and...


Business

Correction: Keystone pipeline leaks 210K gallons of oil

Keystone Pipeline Leak

AMHERST, S.D. (AP) — In a Nov. 16 story about the Keystone pipeline oil spill, The Associated Press incorrectly reported that it was smaller than 17 other leaks of oil or petroleum products in the U.S. since 2010. It was smaller than 16 and the same size as one other. The corrected story is below:...


Business

The business lobby's chance to do right

(c) 2017, The Washington Post. The Business Roundtable, which represents the chief executives of the largest American companies, has always fancied itself as the business lobby that rises above the grubby pursuit of narrow self-interest, that eschews partisanship and hard-edge ideology, that...


Business

Financial Markets Glance

Dow Jones Industrials High: 23,433.77 Low: 23,356.01 Close: 23,358.24 Change: —100.12 Other Indexes Standard&Poors 500 Index: 2578.85 —6.79 NYSE Index: 12,302.90 —0.38 Nasdaq Composite Index: 6782.79 —10.50 NYSE Amer Composite: 2601.48 +7.54 Russell 2000 Index: 1492.82 +5.94 Wilshire 5000 TotalMkt:...


Business

Parents were asked how they felt about smart toys. Here's what they said.

(c) 2017, The Washington Post. It’s common for tech companies to say that people who are worried about their products don’t understand them. “Get to know the product,” comes the message. “Read up, and you’ll come around.” But does that work? If you look at one recent study, the answer is: not...


Business

StitchFix goes public, marking the first tech IPO led by a woman this year

(c) 2017, The Washington Post. Retail start-up Stitch Fix on Friday became the latest internet darling to go public, raising $120 million to help fuel future growth. But the initial public offering also marked another milestone: It was the first woman-led tech company to go public in more than a...


Business

For $200,000, Tesla will sell you the 'world's fastest' consumer car

(c) 2017, The Washington Post. Tesla’s very first car is back. It’s red. It’s fast. And it will cost you upward of $200,000. The Roadster, the electric sports car that put the automaker on the map, made a surprising appearance at Tesla’s semi-truck event late Thursday. The next-generation Roadster...


Business

Up to 3 feet of snow at Tahoe-area ski resorts

RENO, Nev. (AP) — Ski resorts around Lake Tahoe and the Sierra Nevada are picking up where they left off last season with a big dump of snow ahead of next week’s Thanksgiving holiday. The National Weather Service said Friday the Mount Rose Ski Resort on the southwest edge of Reno received more than...


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