Report: GOP healthcare bill could slash megadonor Sheldon Adelson’s tax bill by more than $40 million

Sheldon Adelson, the billionaire casino magnate and Republican megadonor Sheldon Adelson could stand to benefit heavily from the House plan to overhaul America’s healthcare system. A new report…

One chart shows why a September rate hike is a ‘hard sell’

The Federal Reserve’s latest interest-rate increase has come despite evidence that inflation is actually moving further below the central bank’s 2% target rather than toward it. One chart…

The one issue that could decide the fate of the Republican healthcare bill

Senate Republican leadership will release a draft of their healthcare bill on Thursday, and few lawmakers know what’s inside. But one of the bill’s thorniest issues will likely…

Putin’s show of strength overseas is masking a pressing domestic crisis

In the last three years, Russia has invaded one of its neighbors, entered a military conflict to support a long-time ally in the Middle East, and — quite…

The pound has dropped to a new post-election low ahead of the Queen’s Speech

LONDON — The pound dropped to a new post-election low on Wednesday, dragged lower by Bank of England Governor Mark Carney’s assertion that interest rates should not increase…

Atom Bank gets £30 million from the government as Philip Hammond pledges investment boost

LONDON — Startup bank Atom has received a £30 million funding boost from the state-owned British Business Bank (BBB). British Business Bank Investments, the commercial arm of the…

Whole Foods’ CEO confesses a huge mistake that has been hurting the company for years (WFM)

Whole Foods CEO John Mackey has come clean about one of the company’s biggest faults. In a town-hall meeting last Friday, Mackey said the grocery chain has long…

The chief market strategist at a $1.3 trillion investment firm breaks down Amazon’s ‘disruptive’ Whole Foods deal

Amazon’s blockbuster acquisition of Whole Foods was a $ 13.7 billion surprise. While research analysts across Wall Street quickly weighed in with takes on possible rationales and corporate…

Goldman Sachs’ new online lending business has already hit a $1 billion milestone (GS)

Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $ 30,000 or less, in October 2016. It was a departure from what Goldman Sachs…

The Trump administration is gearing up to take an official stance on prescription drug prices — here’s what to expect

The Trump administration is getting ready to put out an executive order on drug pricing that might look a lot different from President Donald Trump’s earlier remarks about…

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13 times bosses mocked new technology and got it wrong

Sometimes the next big thing isn’t easy to spot. This is especially true when you have a massive legacy enterprise to protect. Research firm CB Insights compiled some…

An investment banker explains why aspiring Wall Streeters should read every section of the newspaper

Breaking into the Wall Street world is no easy feat.  It’s especially difficult for young people and students with non-traditional backgrounds and little finance experience.  Michael Ventura was…

BANK OF AMERICA: There’s one big difference between now and the 1999 tech bubble

The boom in stocks is not yet irrational, Bank of America Merrill Lynch strategists say. About three-quarters of those managing large funds whom the bank surveyed said tech…

Iraq dethrones Saudi Arabia as India’s No. 1 oil supplier

Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed. This means that OPEC’s number-two has dethroned the…