The possibility of the GOP tax cut plan actually increasing taxes would only impact “a few people at the very top,” said Kevin Hassett, economic advisor to President Donald Trump. “They’ve got plenty of resources,” said the Council of Economic Advisors chairman, referring to people who make more than $1 million in high-tax states, such
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Buy Visa, MasterCard and Discover gift cards with caution, WalletHub said. Those come with purchase fees, and can also have inactivity fees if they’re not used often. And if you’ve waited to the last minute, consider purchasing an E-gift card. Horne said the beauty of gift cards is that the recipient can pick exactly what
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The $474 billion firm is taking more risks to secure offline, rural and overseas buyers as China’s urban e-commerce market shows signs of saturating, including purchasing extensive infrastructure which it had previously avoided. “They’re getting into a territory that’s not their core strength … for example securing a property, the licences to sell certain products,
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On Friday, China’s central bank took a new step in curbing debt by announcing new regulations that tighten rules on the 102 trillion Chinese yuan ($15.3 trillion) asset management business — which contributes greatly to the shadow banking industry. That was just the latest stage of a crackdown from Beijing that has begun to show
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When it comes to teaching your own children, the secret to success comes down to imparting two life lessons, according to Adrienne Penta, co-founder and executive director of the Center for Women & Wealth at Brown Brothers Harriman: delayed gratification and autonomy. Teaching kids to strengthen their willpower and giving them age-appropriate independence when it
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As Amazon encroaches on nearly all aspects of retail, CNBC’s Jim Cramer found himself asking a key question: “To be Amazon’ed or not to be Amazon’ed?” “It’s almost eerie that one company could play such a huge role in both the economy and, yes, for Cramerica, the stock market,” the “Mad Money” host said. “As
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Lowe’s: Even though Lowe’s has had some strong earnings results of late, Cramer didn’t want to recommend the retailer’s stock ahead of its report. “I don’t believe Lowe’s is performing at the level of Home Depot, and I think the Home Despot didn’t get nearly the credit it deserved after reporting its blowout quarter. So
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The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
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