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If you’re waiting for more tax cuts to come out of Congress, you may be waiting for a long time. The House Ways and Means Committee is expected Thursday to begin considering three bills that Republicans have dubbed Tax Reform 2.0. In addition to making the recently reduced tax rates for individuals permanent, the legislative
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Despite the economic challenges facing Turkey that have sent the lira on a dramatic fall, the country remains a “great” market that BNP Paribas has no intention of exiting, the French bank’s chairman said on Friday. “Turkey is a great country, it’s a great economy,” Jean Lemierre, the chairman of BNP Paribas, told CNBC’s Nancy
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Amazon founder and CEO Jeff Bezos launched a new $2 billion philanthropic effort called the “Day One Fund” on Thursday. In a statement the billionaire posted to Twitter, Bezos said the money will be split between efforts aimed at helping homeless families and creating a new non-profit preschools in low-income communities. Bezos is the richest
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One big question on investors’ lips today is whether bitcoin is risky or not. And the answer to that question is yes, according to financial advisor Ted Jenkin, CEO at Oxygen Financial. Bitcoin is a peer-to-peer digital payment system. And because of that, there’s no government involvement, no central authority and no FDIC insurance, Jenkin
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Check out the companies making headlines after the bell: Pivotal Software shares tumbled more than 20 percent in after-hours trading despite reporting second-quarter earnings numbers that beat on both the top and bottom line. The San Francisco-based company reported revenues of $164.4 million, higher than the $158.2 million analysts expected. The company also reported a
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Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and
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For millions of consumers in the early part of the 2000s, the Dodd-Frank Act of 2010 came too late. The massive legislation, passed in the aftermath of the Great Recession, was intended to better regulate financial institutions and safeguard their customers against risky loans and abusive practices. Yet by the end of 2009, roughly 7.1
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