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Traders are gearing up for Trump's tax cut plan

  • Traders are gearing up for Trump's tax cut plan FOU: Traders are gearing up for Trump’s tax cut plan

    It looks like “Trump Trade” is back on beca use of the tax proposal set to be released next Monday, which should reveal specifics on lowering the corporate tax rate. President Trump has been talking about cutting the federal corporate tax rate from 35% to 15% since 2015. Though, he doesn’t seem…

  • Price cuts hit House of Fraser after web launch and discounting FOU: Price cuts hit House of Fraser after web launch and discounting

    PROFITS at House of Fraser have come under strain after the launch of a new web platform and “significant discounting” took its toll but the retailer still finds cause for optimism.

  • A $1.6 billion rival to Oracle and Amazon just filed to go public (ORCL) FOU: A $1.6 billion rival to Oracle and Amazon just filed to go public (ORCL)

    MongoDB, a New York-based database startup reportedly valued at $1.6 billion, officially filed for its IPO on Thursday afternoon.  In August, TechCrunch reported that MongoDB had confidentially filed the paperwork to go public, taking advantage of new SEC rules. The fact that this paperwork appeared publicly on the Securities Exchange Commission’s…

  • Bitcoin price update: Jamie Dimon hit with market abuse report for calling currency fraud FOU: Bitcoin price update: Jamie Dimon hit with market abuse report for calling currency fraud

    The complaint added the JP Morgon chief had negatively impacted “the cryptocurrency’s price and reputation” and that Mr Dimon “knew, or ought to have known, that the information he disseminated was false and misleading”.Florian Schweitzer, managing partner at Blockswater, said: “Jamie Dimon’s public assertions did not only affect the reputation…

  • Rubicon — a macro hedge fund in London — has lost a third of its value this year FOU: Rubicon — a macro hedge fund in London — has lost a third of its value this year

    NEW YORK – Rubicon Fund Management, a large London hedge fund focused on trading around global economic events, has suffered a 33.2% loss in its flagship fund this year. The losses were disclosed in investor documents reviewed by Business Insider. Ross Gillam, a spokesman for Rubicon at external PR firm Instinctif Partners, declined to comment.In a…

  • Latest Obamacare Repeal Effort Is Most Far-Reaching FOU: Latest Obamacare Repeal Effort Is Most Far-Reaching

    The White House and Senate leaders are now in an intensive final push to repeal the Affordable Care Act by September 30. After that, under Senate rules, they will need 60 votes, which they acknowledge is an impossibility. Senator Graham said in a statement on Thursday that the legislation was…

  • The definitive Wall Street scorecard is out — and Goldman Sachs is slipping FOU: The definitive Wall Street scorecard is out — and Goldman Sachs is slipping

    The latest ranking of Wall Street supremacy is out, and there’s a notable shift at the top of the league tables. JPMorgan once again dominated the competition in the first half of the year for revenue across fixed income, equities, and banking, according to the data-analytics company Coalition. The largest…

  • RAY DALIO: Bitcoin is a speculative bubble FOU: RAY DALIO: Bitcoin is a speculative bubble

    Business Insider CEO Henry Blodget sat down with Ray Dalio, the chairman and co-CIO of Bridgewater Associates and author of the newly released book “Principles: Life and Work.” Blodget asks Dalio about Jamie Dimon’s recent comments referring to bitcoin as a fraud.  Dalio says bitcoin is not an effective medium of…

  • Pound v US dollar: Exchange rate volatile ahead of PM’s Brexit speech FOU: Pound v US dollar: Exchange rate volatile ahead of PM’s Brexit speech

    Sterling is currently at around $1.356 against the US dollar – down about -0.1 per cent from starting levels of $1.357.After rebounding from a weekly low late on Thursday, the GBP/USD exchange rate has been marred by volatility this morning as investors brace for the key speech from the PM…

  • Britain’s borrowing falls to lowest level since 2007 in welcome boost before Brexit FOU: Britain’s borrowing falls to lowest level since 2007 in welcome boost before Brexit

    The amount owed by Britain has been building over the last 15 years, and ramped up after the financial crisis and economy downturn.Paul Hollingsworth, UK economist at Capital Economics, said: “August’s public finances figures will come as welcome news to the chancellor in the lead up to November’s Budget and…

  • Some People Learn to Code in Their 60s, 70s or 80s FOU: Some People Learn to Code in Their 60s, 70s or 80s

    Some, like Ms. McKerrow, are taking free lessons or video instructions online. (About a million of Codecademy’s 45 million users globally are 55 or older.) Others subscribe to web-based courses or take classes at community colleges, universities or boot camps.“To say there are ‘many’ might be a stretch,” said Jake…

  • Theresa May Seeks to Unlock Brexit Talks in Florence Speech FOU: Theresa May Seeks to Unlock Brexit Talks in Florence Speech

    In light of the continuing standoff, many businesses worry about a “cliff edge” scenario, in which Britain would crash out without a deal, so Mrs. May is under pressure to find a way out of the impasse.Speaking in Florence on Friday, Mrs. May did not say precisely how much money…