Bye-bye box seats? Tax law may curb corporate cash at games

Tax Overhaul Curtailing Entertainment

WASHINGTON (AP) — Could the crackdown on tax loopholes clamp down on corporate schmoozing? The new...


Asian shares mixed after Fed raises interest rates

Financial Markets Wall Street-1

BANGKOK (AP) — Shares were mixed in Asia early Thursday after U.S. stock indexes finished with small losses following the Federal Reserve’s hike in interest rates. KEEPING SCORE: Japan’s Nikkei 225 index gained 0.5 percent to 21,488.07 while the Kospi in South Korea added 0.5 percent to 2,498.17....


Facebook's Zuckerberg apologizes for 'major breach of trust'

Britain Facebook Cambridge

NEW YORK (AP) — Breaking five days of silence, Facebook CEO Mark Zuckerberg apologized for a “major breach of trust,” admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm. “I am really sorry that happened,” Zuckerberg...


The Latest: Zuckerberg says it's time to regulate tech firms

Facebook Expansion

NEW YORK (AP) — The Latest on the alleged use of Facebook data to influence the U.S. presidential election (all times local): 10:20 p.m. Facebook CEO Mark Zuckerberg says he believes it’s time to impose more regulations on technology companies as they play an increasingly important role in the...


Lawmakers release huge budget; big military, domestic boosts

APTOPIX Budget Battle

WASHINGTON (AP) — Congressional leaders finalized a sweeping $1.3 trillion budget bill Wednesday that substantially boosts military and domestic spending but leaves behind young immigrant “Dreamers,” deprives President Donald Trump some of his border wall money and takes only incremental steps to...


Trump set to announce trade actions against China on Thursday

(c) 2018, The Washington Post. WASHINGTON - President Donald Trump will announce Thursday a series of trade enforcement actions designed to punish China for years of widespread violations of U.S. intellectual property rights, the White House said. Though White House plans remain fluid, the...


Financial Markets Glance

Dow Jones Industrials High: 24,997.65 Low: 24,655.40 Close: 24,682.31 Change: —44.96 Other Indexes Standard&Poors 500 Index: 2711.93 —5.01 NYSE Index: 12,683.74 +20.10 Nasdaq Composite Index: 7345.29 —19.02 NYSE Amer Composite: 2503.20 +46.61 Russell 2000 Index: 1579.30 +8.90 Wilshire 5000...


Stocks whipsaw investors after Powell rate hike

(c) 2018, Bloomberg. U.S. stocks fell, while the dollar tumbled and Treasuries gained after the Federal Reserve’s first decision under Chairman Jerome Powell came in less hawkish than some investors had been anticipating. Following a whipsaw session, the S&P 500 closed lower as the central bank...


McDonald's announces green initiatives for 2030, sending a signal to the restaurant

(c) 2018, The Washington Post. The iconic golden arches got a little greener this week. Or at least they will by 2030. McDonald’s announced a new set of targets on Monday for reducing greenhouse gas emissions, the impacts of which the company compared to taking 32 million cars off the road for one...


Oil and gas leases in Gulf of Mexico bring in relatively tepid bids

(c) 2018, The Washington Post. Energy companies paid $124.8 million on Wednesday for oil and gas prospects in the largest Gulf of Mexico lease sale ever, but the winning bids fell well short of past sales. The totals also appeared modest compared with the expectations raised by President Trump in...


Federal Reserve hikes interest rate to highest level in a decade amid stronger economy

(c) 2018, The Washington Post. WASHINGTON - The Federal Reserve on Wednesday lifted its key interest rate from 1.5 percent to 1.75 percent, the highest level since 2008. The move, the central bank’s first major decision under new Chairman Jerome Powell, was widely expected as the U.S. economy...

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