Business

Trump tax plan threatens to drive the rich out of Park Avenue
Business

Trump tax plan threatens to drive the rich out of Park Avenue

President Donald Trump’s new proposed tax plan is causing 800,000 people to flee from high-tax states, including New York and California, according to the The Wall Street Journal. The Tax Cuts and Jobs Act of 2017 will cause many high-income earners to move out of high-income states. However, some economists claim that this tax act…

AT&T continues Time Warner merger following lawsuit victory
Business

AT&T continues Time Warner merger following lawsuit victory

In October 2016, at the cusp of one of the most contentious U.S. presidential elections, AT&T Inc. announced its plans to acquire Time Warner Inc. — the world’s largest film and TV studio with assets such as HBO, CNN and Cartoon Network — in a stock-and-cash transaction worth almost $109 billion. Almost immediately, the deal…

GOP tax plan hurts small businesses and aids big corporations
Business

GOP tax plan hurts small businesses and aids big corporations

Contrary to the promises Republicans have made to small business owners in the past, the GOP’s recently passed tax plan is not as beneficial to small businesses as was expected, with a majority of the plan only benefiting large corporations. The tax plan, which was passed through the U.S. House of Representatives and the Senate…

Creator of McAfee software offers thoughts on cryptocurrency
Business

Creator of McAfee software offers thoughts on cryptocurrency

Some, like bitcoin, differ from normal fiat currencies, or currencies backed by a government but without physical tender, because they are deflationary. This means that they become more valuable over time because of their finite supplies. They also have no physical component as they are solely digital. With cryptocurrency being a relatively new concept, concerns…

T-Mobile and Sprint merger could break anti-trust regulation
Business

T-Mobile and Sprint merger could break anti-trust regulation

On April 29, T-Mobile U.S. Inc. and Sprint Corp. announced plans for a merger that will combine the third- and fourth-largest wireless carriers in the United States and will be valued at approximately $27 billion, according to The Washington Post. The resulting company would take on T-Mobile’s name and the company’s current CEO, John Legere,…

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