Is a federal wealth tax legal?
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Is a federal wealth tax legal?

Via Fox Business In the run-up to the 2020 presidential election, Sens. Elizabeth Warren and Bernie Sanders have hinged their campaigns on expansive plans that rely, in large part, on proposals to tax the wealth of the richest Americans. The problem, some critics warn, is that a federal wealth tax might not be constitutional. When...

Boeing workers found cracking part on some 737NG jets: Report
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Boeing workers found cracking part on some 737NG jets: Report

Via Fox Business U.S. aerospace giant Boeing may have a new safety issue on its hands. According to an exclusive report from Seattle-based news station KOMO News, the company is under pressure to figure out how many of its 737NG jets have a cracked part known as a “pickle fork.” The pickle fork essentially connects...

Big tech companies look to an unlikely savior: The Republican Party
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Big tech companies look to an unlikely savior: The Republican Party

Via Fox Business As big tech companies navigate an increasingly hostile Washington, D.C., they are relying on an unlikely savior: The Republican Party. Companies like Facebook and Google — where employees have long been known to support progressive causes and candidates, are pointing to conservative senators including the GOP’s Senate Majority Leader Mitch McConnell, and Senate Antitrust Subcommittee Chair Mike Lee, as...

Trump’s blazing stock market a ‘Miracle on Wall Street’
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Trump’s blazing stock market a ‘Miracle on Wall Street’

Via Fox Business The global economy has thrown the kitchen sink at President Trump’s stock-market rally, but so far nothing has been able to stop it. The S&P 500 has gained 18.7 percent this year, even as traders grappled with large swaths of geopolitical uncertainty and worrying economic data. “Yield curve inversion, U.S.-China trade war,...

Beleaguered Wells Fargo names Jamie Dimon protege as new CEO
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Beleaguered Wells Fargo names Jamie Dimon protege as new CEO

Via Fox Business Wells Fargo, the bank that lost two CEOs while dealing with the fallout from a fake-accounts scandal, has appointed former Visa chief Charles Scharf as its top executive. Scharf, who landed a job under Jamie Dimon – now the CEO of JPMorgan Chase – by sending him a resume through family connections...

Wilbur Ross: China trade war isn’t hurting Americans
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Wilbur Ross: China trade war isn’t hurting Americans

Via Fox Business U.S. Secretary of Commerce Wilbur Ross said the trade war between the U.S. and China is having a negligible impact on American consumers. Speaking with FOX Business’ Gerry Baker on “WSJ at Large”, Ross argued the numbers prove him right. “There was a study done by one of the European think tanks that...

Millennials continue to flee big cities for the suburbs
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Millennials continue to flee big cities for the suburbs

Via Fox Business As millennials begin to settle down, they’re fleeing big cities in droves, driving a huge resurgence to American suburbs in search of cheaper houses and good schools, according to Census Department figures. After years of stagnant growth in the wake of the financial crisis, suburban towns now account for 14 of the...

States vs stores: the fight over more vaping bans
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States vs stores: the fight over more vaping bans

Via Fox Business As quickly as states across the country race to ban vaping products – in response to a nationwide spread of breathing illnesses – stores selling them are reacting just as swiftly to prevent it. Massachusetts’ ban on the sale of all vaping products, which was announced by Gov. Charlie Baker (R-MA) on Tuesday,...

Republicans turn Trump impeachment threat into fundraising bonanza
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Republicans turn Trump impeachment threat into fundraising bonanza

Via Fox Business Donations to the GOP surged in the 24 hours after House Democrats opened an impeachment inquiry against President Trump. Trump’s reelection campaign and the Republican National Committee raked in a combined $5 million, according to Trump’s campaign manager, Brad Parscale. “Huge groundswell of support leading to Trump landslide in 2020!” he tweeted on...

Peloton skids in trading debut
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Peloton skids in trading debut

Via Fox Business Peloton Interactive slid 6.9 percent in its trading debut, a sign that investors may have a waning appetite for money-losing companies. Ticker Security Last Change %Chg PTON PELOTON INTERACTIVE 27.52 n.a. n.a.% Shares of the home-fitness company opened at $27 a piece, down from the $29 where they priced on Wednesday evening. At $29...

Warren winning Democratic nomination would be ‘one-two punch’ for stocks
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Warren winning Democratic nomination would be ‘one-two punch’ for stocks

Via Fox Business Wall Street is growing increasingly worried over the prospect of Elizabeth Warren winning the Democratic presidential nomination. Warren’s popularity has skyrocketed this summer: The Massachusetts senator holds a 2 percentage-point lead over former Vice President Joe Biden in Iowa, according to the latest Des Moines Register/CNN/Mediacom poll, and has also moved ahead of...

Women are struggling to find men who are financial equals
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Women are struggling to find men who are financial equals

Via Fox Business The marriage vow that usually involves a variation of “for richer or poorer” may no longer apply. Women may now want to add “as long as you make as much money as me.” MORE FROM FOXBUSINESS.COM It seems many men aren’t getting up to the income level that women prefer in a potential...

How artificial intelligence is taking over our world
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How artificial intelligence is taking over our world

Via Fox Business It sounds like a plot of a science-fiction novel: A future that doesn’t need human beings. But is it more reality than fantasy? Most people use artificial intelligence and probably don’t even realize they’re using it — whether it’s asking Siri a question or trying to avoid a traffic jam using GPS...

Justice Dept. to open Facebook antitrust investigation: Report
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Justice Dept. to open Facebook antitrust investigation: Report

Via Fox Business Social media giant Facebook may be on the hook for yet another investigation into its competitive practices. The U.S. Department of Justice is planning to open an antitrust investigation of the company, according to Reuters, which cited a source familiar with the matter. The company did not immediately return FOX Business’ request...

UAW-GM contract negotiations hit next level
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UAW-GM contract negotiations hit next level

Via Fox Business General Motors and striking United Auto Workers may be moving closer to an agreement with the strike entering its 11th day. UAW Vice President Terry Dittes provided an update to union members, via a letter, saying that the main issues are now with General Motors as the two sides look to finalize a new contract. Ticker...