Sales & Marketing news

• A key middle-class tax break in the Republican plan is temporary — why?

  02-11-2017 23:35 via feedproxy.google.com
  Republicans have a new problem in their newly unveiled tax legislation.
  A temporary tax credit would last for only five years, meaning it would impose a sudden increase on middle-income families.
  A major criticism of the Republican tax framework released in September was that it appeared to raise taxes on a large number of families, especially those with upper-middle incomes.
  Now that House Republicans have turned the framework into legislative text, they've tried to address that problem.
  
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• How the iPhone X could make Apple a $1 trillion company

  02-11-2017 23:08 via feedproxy.google.com
  Business Insider CEO Henry Blodget and chief tech correspondent Steve Kovach discuss Apple's new iPhone X. Kovach got the phone before its release, and says he loves it, citing the functionality and screen presentation, and praising the Face ID feature. He notes that the muted excitement over the iPhone 8 release just over a month ago might've been because people were holding out for the X, which he says suggests people aren't scared about the $1,000 price tag.
  Blodget and Kovach talk about
  
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• Sprint and T-Mobile are reportedly working to save their merger after talks breakdown (S, TMUS)

  02-11-2017 22:53 via feedproxy.google.com
  Sprint and T-Mobile are reportedly working to save their merger after earlier talks failed. The wireless carriers could announce a deal within weeks as Sprint considers a new offer from T-Mobile, according to a report by The Wall Street Journal's Ryan Knutson and Dana Mattioli on Thursday.
  Sprint shares gained as much as 5% in extended trading, while T-Mobile rallied 3%. 
  Nikkei reported earlier this week that talks ended after SoftBank, the Japanese telecom company tha
  
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• Republicans just passed a huge tax reform test by the skin of their teeth

  02-11-2017 22:53 via feedproxy.google.com
  The House GOP leadership released their long-awaited tax reform bill on Thursday.
  The Joint Committee on Taxation said the bill would increase the federal deficit by $1.487 trillion over the next 10 years.
  That means the bill qualifies under Senate rules for budget reconciliation, which allows the GOP to pass it with a simple majority vote.
  But the bill could still run afoul of Senate rules.Republicans passed a significant test on their newly unveiled tax reform legislation Thursday — by
  
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• A crucial line in Trump's new tax plan will have a huge impact on the way you buy a home

  02-11-2017 22:50 via feedproxy.google.com
  President Donald Trump and the House GOP unveiled a massive tax-reform bill on Thursday.
  It proposes a new limit — $500,000 from the current $1 million — for home-mortgage-interest deductions.
  Millennials and buyers in expensive markets would be most affected by the disappearing homeownership incentives.
   
  President Donald Trump's new tax plan just dealt a blow to many would-be homeowners.
  The 429-page GOP tax plan, called the "Tax Cuts and Jobs Act" was revealed on Thursday an
  
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• The best possible advice for new Fed chair Jerome Powell

  02-11-2017 22:22 via feedproxy.google.com
  Business Insider executive editor Sara Silverstein chats with Kristina Hooper, the global market strategist at Invesco, about the Federal Reserve. She says that history will be kind to outgoing Fed chair Janet Yellen with regard to data-dependent rate hikes, and that new appointee Jerome Powell should have an appreciation for the thoughtful policies that helped us over the past decade.Join the conversation about this story »
  
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• THE BOTTOM LINE: The iPhone X is here, Nintendo roars back, and what could derail the market

  02-11-2017 21:58 via feedproxy.google.com
  This week:
  Business Insider CEO Henry Blodget and chief tech correspondent Steve Kovach discuss Apple's new iPhone X. Kovach got the phone before its release, and says he loves it, citing the functionality and screen presentation, and praising the Face ID feature. He notes that the muted excitement over the iPhone 8 release just over a month ago might've been because people were holding out for the X, which he says suggests people aren't scared about the $1,000 price tag.
  Blodget and Kovach
  
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• A problem with this 'small business' tax provision could sink Republican tax reform

  02-11-2017 21:54 via feedproxy.google.com
  A key small business group is opposing the latest Republican tax reform bill, and addressing their objections could cost hundreds of billions of dollars.
  Republicans don't have a good solution to satisfy all parts of their coalition.
  Constituency groups expect more in total tax cuts than Republicans are allowed to give out, which spells trouble for the tax reform package.The National Federation of Independent Business, a lobbying group that leans strongly conservative, said it was "en
  
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• The head of JPMorgan’s nearly $2 trillion funds business issued a stark warning for a large group of Wall Streeters (JPM)

  02-11-2017 21:43 via feedproxy.google.com
  Mary Erdoes, the head of JPMorgan Chase's $1.9 trillion asset and wealth management business, painted a bleak future for many Wall Street stock analysts at a conference Thursday.
  Asset managers like JPMorgan are expected to slash research budgets by as much as 50% in response to European regulatory reform known as MiFID II.
  That means money to pay analysts will shrink, leaving only top-tier talent with a higher standard of excellence.
  "I was dealing with 10 of you; I do
  
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• Starbucks plummets after it says it is selling off its Tazo tea brand (SBUX)

  02-11-2017 21:21 via feedproxy.google.com
  Starbucks reported fourth quarter earnings after the bell on Thursday.
  The coffee giant earned an adjusted $0.55 per share, in line with Wall Street expectations, on revenue of $5.7 billion — just below the expected $5.81 billion.
  The company also said it would sell its Tazo tea brand, which it purchased for $8.1 million in 1999, to Unilever for $384 million.
  Shares were down as much as 6.25% after-hours.
  Starbucks said US comparable store sales had increased by 2%, not inc
  
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• The GOP tax bill would give huge cuts to businesses — and much less for average Americans

  02-11-2017 21:14 via feedproxy.google.com
   
  The House GOP released their long-awaited tax reform package on Thursday.
  The Committee for a Responsible Federal Budget found that of the $1.5 trillion in net direct benefits, corporations would receive $1 trillion and individuals would receive $500 billion.
  The analysis said that of the $500 billion in benefits to individuals, nearly $200 billion of that would come from changes to the estate tax.The big winners from the House GOP tax reform bill released Thursday wou
  
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• The emergence of a new kind of fund could 'radically alter' the investment industry

  02-11-2017 21:00 via feedproxy.google.com
  Passive investment has exploded in popularity, putting pressure on active managers that charge higher fees.
  Variable pricing mutual funds are a way that active managers can charge fees on a performance-driven basis, but they're not without their risks
   
  The popularity of low fee exchange-traded funds has come at the expense of active managers, who now have no choice but to fight back. And in order to stay afloat, they're going to have to get creative.
  That could very well in
  
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• LIVE: Apple reports its Q4 earnings (AAPL)

  02-11-2017 21:00 via feedproxy.google.com
  Apple is reporting its fiscal fourth quarter earnings on Thursday after the bell.
  Apple's having a good run. Its stock is up 45% so far this year. This quarter's earnings will give a glimpse into the first few weeks of sales for the iPhone 8, one of Apple's newest devices.
  But investors will also be looking for color on the iPhone X, Apple's most expensive iPhone, which goes on sale on Friday. Strong pre-order activity and long backorder times suggests that it could be in short supply this
  
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• 'Firing on all cylinders': Apple crushes earnings, beating its own expectations (AAPL)

  02-11-2017 21:00 via feedproxy.google.com
  Apple beat Wall Street's targets for earnings and revenue on Thursday. The stock popped in after hours.
  Apple's unit sales grew for all three of its major product lines — iPhone, iPad, and Mac.
  "We're literally firing on all cylinders," Tim Cook said.Apple topped Wall Street targets across the board in its fiscal fourth quarter, displaying strength across all its product lines on the eve of one of the most anticipated iPhone launches ever.
  Apple's forecast for the current quarte
  
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• One part of Trump's new tax plan could make buying a home even harder for millennials

  02-11-2017 20:44 via feedproxy.google.com
  President Donald Trump and the House GOP unveiled a massive tax-reform bill on Thursday.
  It proposes a new limit — $500,000 from the current $1 million — for home-mortgage-interest deductions.
  Millennials and buyers in expensive markets would be most affected by the disappearing homeownership incentives.
   
  President Donald Trump's new tax plan just dealt a blow to many would-be homeowners.
  The 429-page GOP tax plan, called the "Tax Cuts and Jobs Act" was revealed on Thursday an
  
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• Starbucks tumbles after it says it is selling off its Tazo tea brand (SBUX)

  02-11-2017 20:33 via feedproxy.google.com
  Starbucks reported fourth quarter earnings after the bell on Thursday.
  The coffee giant earned an adjusted $0.55 per share, in line with Wall Street expectations, on revenue of $5.7 billion — just below the expected $5.81 billion.
  The company also said it would sell its Tazo tea brand to Unilever for $384 million.
  Shares were down as much as 5.6% after-hours.
  Starbucks said US comparable store sales had increased by 2%, not including impact from two major hurricanes that made landfal
  
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• Jerome Powell's Fed tenure is unlikely to be a smooth sail

  02-11-2017 20:28 via feedproxy.google.com
  President Donald Trump has named Jerome Powell to replace Janet Yellen as Federal Reserve Chair
  Powell is likely to face more market turbulence and economic uncertainty than Yellen did during the last four years. 
  Yellen's predecessor Ben Bernanke has warned that 'the current monetary toolbox' might not be sufficient to navigate what's ahead.
  Maybe not being reappointed Federal Reserve Chair will prove a blessing for Janet Yellen.
  President Donald Trump has named Jerome
  
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• Trump plays it safe with Fed chair pick choosing Jerome Powell to replace Janet Yellen

  02-11-2017 20:08 via feedproxy.google.com
  Jerome Powell, the current Fed board governor and former private-equity executive, is US President Donald Trump's pick to replace Janet Yellen as the central bank's chair.
  Powell will face key decisions, including honing consensus around whether to continue raising interest rates in a steady-growth but low-inflation environment.
  He is seen as the safe bet, having already served on the Fed for 5 years. 
  Janet Yellen's term ends in February. US President Donald Trump has named Jerome Po
  
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• Trump picks Jerome Powell to replace Janet Yellen as Fed chair

  02-11-2017 20:08 via feedproxy.google.com
  Jerome Powell, the current Fed board governor and former private-equity executive, is US President Donald Trump's pick to replace Janet Yellen as the central bank's chair.
  Powell will face key decisions, including honing consensus around whether to continue raising interest rates in a steady-growth but low-inflation environment.
  He is seen as the safe bet, having already served on the Fed for 5 years. 
  Janet Yellen's term ends in February. US President Donald Trump has named Jerome Po
  
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• Facebook is looking into calls to cut off Breitbart from its ad network (FB)

  02-11-2017 19:48 via feedproxy.google.com
  Facebook is reviewing complaints received about content on far-right website Breitbart.
  An anti-Breitbart group claims that Breitbart's content violates Facebook standards.
  Facebook's head of marketing sent an email Wednesday noting that content advertisers disagree with "may be allowed" to remain on Facebook's ad network.Facebook said Thursday that it's looking into calls to cut off the far-right website Breitbart from its ad network.
  The confirmation to Business Insider comes a
  
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• House GOP bows to Trump's demands for now, propose no changes to 401(k)s or retirement savings in tax bill

  02-11-2017 19:26 via feedproxy.google.com
  For weeks, Republicans mulled including some changes to 401(k)s and retirement savings accounts in their massive tax reform bill.
  President Donald Trump promised there would be no changes to 401(k)s in a tweet last week.
  The House GOP bill released on Thursday does not include any caps or changes to 401(k)s.After almost two weeks of going back and forth, House Republican leaders aren't touching your retirement savings — for now.
  The newly released House
  
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• We keep hearing that billionaire hedge funder Steve Cohen has been crushing it recently — and just at the right time

  02-11-2017 18:50 via feedproxy.google.com
  The billionaire Steve Cohen has been posting double-digit gains this year following a period of underperformance, according to multiple people we've spoken with.
  The gains come as a third-party firm has been pitching potential investors on Cohen's comeback.
  Cohen may open up to outside capital again in 2018 after his firm was banned from the industry for insider trading.It sounds as if the billionaire Steve Cohen is having a surge in performance — and at exactly the right time.
  Exact numb
  
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• The group that represents America's small businesses slams the new GOP tax bill

  02-11-2017 18:20 via feedproxy.google.com
  The House GOP unveiled its massive tax-reform bill on Thursday.
  The bill included new tax brackets, a lower corporate rate, changes to how small businesses are taxed, and a compromise on the state and local tax deduction.
  The National Federation of Independent Businesses (NFIB) said it's "unable" to support the tax bill in its current form.
   
  The National Federation of Independent Businesses (NFIB) says it's "unable" to support the newly unveiled House Republican tax reform bill relea
  
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• Ferrari's CEO wants to make 2 big changes that would completely alter the company (RACE)

  02-11-2017 18:20 via feedproxy.google.com
  It now appears certain that Ferrari will build an SUV.
  The carmaker is also threatening to leave the prestigious Formula One racing series.
  CEO Sergio Marchionne is leading the heretical charge on both fronts.Ferrari is the biggest feather in CEO Sergio Marchionne's cap. After an IPO in 2015, the company's stock is up 100% in 2017.
  But that doesn't mean he isn't trying to destroy the legendary Italian automaker.
  After Ferrari reported third-quarter earnings on Thursday, Marchionne took question
  
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• The GOP tax plan has the real-estate industry in a panic and talking about housing recessions

  02-11-2017 17:43 via feedproxy.google.com
  The full Republican tax plan, unveiled Thursday, was rejected in various corners of the housing market.
  At issue is the mortgage-interest deduction, the cap for which would be halved, to $500,000. This could reduce the benefit of the deduction outside of more-expensive housing markets and hurt home prices, trade associations said.
  "You're talking about potentially causing housing recessions," the CEO of the National Association of Home Builders told Business Insider. The National Association of
  
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• TRUMP: The GOP tax bill is 'the rocket fuel our economy needs to soar higher than ever before'

  02-11-2017 17:33 via feedproxy.google.com
  House GOP leaders released their long-awaited tax reform bill on Thursday.
  President Donald Trump applauded the bill's release, calling it "the rocket fuel our economy needs."President Donald Trump applauded the release of the House Republican tax reform bill on Thursday, saying the bill would springboard the American economy and provide tax relief for families if enacted into law.
  The plan would cut rates for corporations and individuals, while offsetting those cuts with the eliminat
  
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• Realtors are worried that the GOP's tax plan could slump the housing market

  02-11-2017 17:24 via feedproxy.google.com
  The National Association of Realtors said the Tax Cuts and Jobs Act released Thursday confirmed its biggest concerns. 
  The trade group is worried that a reduced cap on the mortgage interest deduction would lower home prices and hurt middle class homeowners. 
  If passed, the tax act would cap the deduction for interest paid on mortgage debt at $500,000, down from $1,000,000. 
   
  The National Association of Realtors opposed the GOP's tax plan on concerns that it could 
  
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• Why Tesla's Model 3 production problems are troubling (TSLA)

  02-11-2017 17:15 via feedproxy.google.com
  Skeptics expected Tesla to struggle with mass-market manufacturing of its Model 3.
  They didn't expect the company to have major problems with the vehicle's batteries.
  Tesla battery business is one of its strengths.The Tesla Model 3 is the most hotly anticipated car in the history of the auto industry. After it was revealed in March 2016, Tesla booked a massive and unprecedented number of pre-orders, now something on the order of 500,000.
  The Model 3 had also been planned since the early days of
  
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• MORGAN STANLEY: Tesla's future will be decided by 3 questions (TSLA)

  02-11-2017 17:12 via feedproxy.google.com
  Tesla is getting clobbered after disappointing earnings results and a potential tax credit cut.
  There are just three questions to consider when trying to evaluate the company's future, according to Morgan Stanley.
  Hitting the company's first-quarter of 2018 production goals could be a good step toward reversing Thursday's downward slide.
  Watch Tesla's stock price move in real time here.
   
  Tesla reported a terrible third-quarter on Wednesday, including its biggest quarterly loss ever. Analy
  
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• Bridgewater, the world's largest hedge fund, faces a race against time to avoid a loss in its biggest strategy

  02-11-2017 17:05 via feedproxy.google.com
  Bridgewater's Pure Alpha strategy, which managed about $75.8 billion as of the end of September, was down through that month, according to client documents.
  The strategy is long stocks, short bonds and long emerging market currencies versus the dollar and the euro, according to the documents. 
  Bridgewater now has one quarter to turn around performance. If it finishes down for 2017, it will be the first down year in over a decade.
   
  NEW YORK – The world's largest h
  
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• The GOP tax bill kills a $7,500 electric-vehicle credit — and that's terrible news for Tesla (TSLA, GM)

  02-11-2017 17:04 via feedproxy.google.com
  The GOP tax bill eliminates a $7,500 federal electric-vehicle tax credit.
  The credit would go away immediately, not be phased out.
  The credit has been seen as a major driver of EV sales.The just-unveiled Republican tax bill will eliminate a $7,500 federal tax credit for electric vehicles, and that would be Terrible news for Tesla. Shares of the automaker, already down after its earnings report, fell sharply on the news. The credit was already capped at 200,00 units — a limit Tesla wo
  
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• The $50 billion hedge fund cofounded by right-wing donor Bob Mercer has been crushing it

  02-11-2017 16:56 via feedproxy.google.com
  Renaissance Technologies, the legendary and secretive hedge fund cofounded by conservative donor Bob Mercer, has been making a ton of money lately, and is attracting new investors.
  Mercer just announced he would be stepping down from his role as co-CEO.
  Renaissance Technologies, the legendary and secretive hedge fund cofounded by conservative donor Bob Mercer, has been crushing competitors.
  All three of its funds are up in the double digits this year, according to a person familiar with th
  
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• The GOP's tax plan could make it harder to get tax deductions for medical expenses

  02-11-2017 16:49 via feedproxy.google.com
  Republicans released their massive tax reform bill on Thursday. 
  Part of the plan would repeal an itemized deduction related to medical expenses. 
  The provision could impact people who spend a lot on healthcare, and who have historically been able to subtract that amount from their federal taxes. 
   
  Republicans in the House of Representatives are set to reveal their tax plan, titled the "Tax Cuts and Jobs Act."
  The bill sets up a broad set of changes
  
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• HERE IT IS: The giant Republican tax reform bill

  02-11-2017 16:41 via feedproxy.google.com
  The House GOP unveiled its massive tax reform bill Thursday.
  Some features proposed: a new top tax rate, new tax brackets, a lower corporate rate, and a compromise on the state and local tax deduction.
  The bill is the biggest step yet toward the GOP's promised overhaul of the US tax code.
  House GOP leaders on Thursday took their biggest step yet in their attempt to overhaul the US tax code by releasing legislation that proposes sweeping changes to the current system.
  The 429-page "Tax Cuts
  
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• The investment chief at the world's first tax-reform ETF tells us how to trade Trump's plan

  02-11-2017 16:38 via feedproxy.google.com
  The EventShares US Tax Reform Fund was launched last week; its methodology can shed crucial light on how to trade Trump's tax plan.
  EventShares CIO Ben Phillips says that, from an investment standpoint, the biggest focus should be on the corporate tax cuts.If you're going to create an exchange-traded fund around a specific policy proposal — such as tax reform — you'd better be able to identify the companies that will be most affected by it.
  That much should be self-evident. Actually
  
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• The companies most likely to benefit from the GOP tax plan are surging

  02-11-2017 16:33 via feedproxy.google.com
  The GOP tax reform plan prompted rallies in the two areas of the stock market most sensitive to the proposed measures: highly taxed companies and those with cash overseas.
  After losing confidence in tax reform, investors appear to be swayed in the short term that progress is being made.
   
  The stocks most closely linked to the GOP's tax plan rallied on Thursday on signs of progress for policies that are expected to boost profits.
  These companies can be broken into two main groups:
  
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• Tesla is getting clobbered after disappointing earnings results and potential tax credit cut (TSLA)

  02-11-2017 16:32 via feedproxy.google.com
  Tesla shares are down 7.45% on Thursday after the company reported a bigger loss than analysts expected. 
  Production bottlenecks still plague the Model 3, but a fix could be coming soon.
  Watch Tesla's stock move in real time here...
  Tesla's stock is getting clobbered after the company reported its largest-ever quarterly loss on Wednesday.
  The shares are down 7.58% to $296.75 in early trading Thursday.
  Tesla reported an adjusted loss of $2.92 per share compared to the $2.23 Wall Street
  
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• Homebuilders come out swinging against the GOP's tax plan

  02-11-2017 16:23 via feedproxy.google.com
  The National Association of Homebuilders on Thursday ramped up its opposition to the GOP's tax plan. 
  At issue is the mortgage-interest deduction, which will reportedly be capped on new mortgages worth $500,000. 
   "We're worried about a national housing recession," Jerry Howard, the NAHB's CEO, told Business Insider. The group is concerned that middle-class homeowners may see their property values fall. 
   
  The National Association of Homebuilders on Thursday s
  
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• AT&T and Time Warner are falling after news the DOJ is considering a lawsuit (TWX, T)

  02-11-2017 16:17 via feedproxy.google.com
  AT&T offered to buy Time Warner in an $85 billion dollar deal last year.
  Shares of both companies are falling after reports the DOJ is weighing an antitrust lawsuit over the merger. Trading of Time Warner stock was halted Thursday morning after a Wall Street Journal report that the Department of Justice is considering filing an antitrust lawsuit over AT&Ts potential acquisition of the company.
  Shares of Time Warner fell more than 6% from their $98.28 opening price, s
  
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• A part of the new GOP tax plan will be a tough sell for Republicans in New Jersey, New York, and California

  02-11-2017 16:09 via feedproxy.google.com
  The House GOP unveiled its massive tax reform bill Thursday.
  One of the biggest hangups for Republicans in states like New York, New Jersey, and New York has been the proposed elimination of the state and local tax (SALT) deduction, which allows people to deduct those taxes from their federal bill.
  House Ways and Means Committee Chair Kevin Brady said Tuesday the GOP reached a deal that would allow people to deduct state and local property taxes up to $10,000 but not income&
  
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• Democrats are rolling out an old and flimsy argument against tax cuts

  02-11-2017 15:47 via feedproxy.google.com
  Democrats are opposing Republican tax cuts partly on the basis that they will expand the deficit.
  That's the wrong argument to make — not just now, but in any low-inflation environment.
  The right argument against the plan is that it's skewed toward the wealthy and includes reforms that won't benefit the economy. 
  "There are better ways to invest in our economy," says Stephanie Kelton, a former chief economist for the Senate Budget Committee Democratic staff. "Inve
  
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• International round-up: Ikea accused of mocking singles, top paid US CMOs

  02-11-2017 15:43
  Ikea pulls sexist ad in China after social backlash
  Ikea has been forced to pull an ad in China after people took to social media to share their anger at the retailer’s negative portrayal of single life.
  The ad shows a mother telling her daughter she can no longer call her ‘mum’ unless she brings home a boyfriend. The mood quickly changes, though, when the doorbell rings and in walks a young man holding flowers. The family then all sit down to welcome the happy couple.
  The ad w
  
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• Homebuilders tank as the GOP's tax plan caps a big benefit for homeowners (XHB, DHI, LEN, PLT)

  02-11-2017 15:40 via feedproxy.google.com
  Homebuilder stocks fell Thursday after reports showed that the GOP's tax plan caps the mortgage-interest deduction on new homes at $500,000 or less. 
  The cap could reduce the benefit of the deduction outside of the priciest housing markets, and hurt home values. 
  A powerful homebuilders trade association earlier opposed the bill because of the planned cap. 
   
  Homebuilder stocks slumped in trading on Thursday as details of the GOP's tax plan emerged.
  According to several repo
  
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• The Fed has a forgotten role — and it will be critical in getting the US economy 'running on all cylinders'

  02-11-2017 14:47 via feedproxy.google.com
  Federal Reserve officials are paying increasing attention to the central bank's community development activities, which focus on real world economic issues. 
  James Bullard, St. Louis Fed President, told us these issues are "very important to the macroeconomy."
  The effort comes as the Fed looks set for a change of guard, with President Donald Trump reportedly getting ready to appoint Jerome Powell as Fed chair. 
   It’s not setting interest rates, or regula
  
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• Here's what Wall Street is looking for from Starbucks' earnings report (SBUX)

  02-11-2017 14:39 via feedproxy.google.com
  Starbucks will report fourth quarter earnings after the bell on Thursday.
  Wall Street is expecting the Seattle-based coffee chain to post earnings of $0.55 per share on revenue of $5.81 billion, according to Bloomberg data.Wall Street is also expecting adjusted net income of $795.52 million.
   
  Ahead of the earnings announcement, Wall Street’s outlook for the company is mostly optimistic. 26 of the 34 analysts surveyed by Bloomberg rate Starbucks’ stock as "buy," while eigh
  
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• Tesla is getting clobbered after disappointing results (TSLA)

  02-11-2017 14:24 via feedproxy.google.com
  Tesla shares are down 6% on Thursday after the company reported a bigger loss than analysts expected. 
  Production bottlenecks still plague the Model 3, but a fix could be coming soon.
  Watch Tesla's stock move in real time here...
  Tesla's stock is getting clobbered after the company reported its largest-ever quarterly loss on Wednesday.
  The shares are down 5.98% to $301.89 in early trading Thursday.
  Tesla reported an adjusted loss of $2.92 per share compared to the $2.23 Wall Street ex
  
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• The massive Republican tax plan is set to be released — here's what to expect

  02-11-2017 14:23 via feedproxy.google.com
  The House GOP unveiled its massive tax reform bill Thursday.
  Details are starting to emerge — including a new proposed top tax rate and a compromise on the state and local tax deduction.
  The bill is the biggest step yet toward the GOP's promised overhaul of the US tax code.
  House GOP leaders on Thursday are set to take their biggest step yet in their attempt to overhaul the US tax code by releasing legislation that proposes sweeping changes to the current system.
  The "Tax Cuts and Jo
  
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• The dollar is ticking down

  02-11-2017 14:19 via feedproxy.google.com
  The dollar is weaker on Thursday morning ahead of the expected release of the Republican tax bill and the expected announcement of the new Federal Reserve Chair.
  The US dollar index was down by 0.2% at 94.68 at 8:45 a.m. ET after being even further down around 94.50 during Asian trade.
  The Republican tax bill, which was originally slated to be released on Wednesday, is now expected to be released on Thursday. Analysts have argued that the delay, as well as the fact that reports have su
  
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• The world's biggest online shopping day is almost here, and it could crush Black Friday and Cyber Monday

  02-11-2017 13:34 via feedproxy.google.com
  Singles' Day is the world's largest shopping event.
  The event is preceded by a "countdown gala" that was watched by over 400 million people last year.
  Last year's sales totaled $17.8 billion — $11.07 billion more than Black Friday and Cyber Monday combined.
   
  If you combined Black Friday, Cyber Monday, and the Super Bowl, the result would be China's Singles' Day.
  Held on November 11 each year, Singles' Day was begun two decades ago as a new shopping holiday meant to celebrate th
  
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• Trump's tax plan could lead to billions of dollars flooding back to the US

  02-11-2017 13:33 via feedproxy.google.com
  The Trump administration and congressional Republicans are expected to come out with a bill to overhaul the US tax code on Thursday. Among other changes, the bill is expected to include a one-time repatriation tax.
  The repatriation tax is designed to to incentivize US-based companies that do business overseas to bring their profits back stateside.
  Once that cash is back in the US, companies can do several things, including reinvesting in their businesses or stock buybacks.
   
  The Trump
  
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