Members of China’s billionaire-studded ceremonial legislature are even richer than last year. It’s all the more remarkable considering the number of super rich lawmakers dropped by about a quarter, according to wealth compiler Hurun Report, China’s version of the Forbes rich list. Hurun’s report released Friday found 152 super-wealthy delegates to the National People’s Congress
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In a brief gaggle with reporters on Friday morning, White House press secretary Sarah Huckabee Sanders was asked about whether the former Goldman Sachs executive is staying as director of the National Economic Council. “I don’t have any reason to think otherwise right now,” she said. “Gary was here yesterday afternoon, I talked to him
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Altogether, the “Everyone Wins” gift bags are valued at over “six-figures” although Distinctive Assets declined to say exactly how much (however, the trip for two to Tanzania is worth $40,000 alone, the company said). They are sent to all 25 Oscar nominees in the acting and directing categories in the week leading up to the
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President Donald Trump‘s decision to impose tariffs on foreign steel and aluminum likely precedes an exit from NAFTA, according to Goldman Sachs. The bank’s chief economist noted that while a formal decision has yet to be announced, a 25 percent tax on steel and a 10 percent tax on aluminum would be the most substantial
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Consumers looking to spend their bitcoin have other options. There are cryptocurrency ATMs from providers such as Coinsource, and you can even filter your Yelp search for places that accept bitcoins. On Purse.io, you can shop online with cryptocurrencies, and even buy products from Amazon. GoCoin helps merchants become bitcoin-friendly. Kim Grauer, senior economist at
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What does the current market environment favor? One sector is financials, as measured by Financial Select Sector SPDR ETF (XLF) and iShares U.S. Regional Banks ETF (IAT), which are up by approximately 5 percent and 8 percent, respectively, this year. There are a few important lessons I’d like to share with investors about rising interest
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Check out the companies making headlines after the bell Thursday: American Outdoor Brands shares plummeted more than 16 percent after the bell. The firearms and outdoor products manufacturer reported earnings per share that beat expectations but fell short on everything else. Revenue missed estimates by nearly 10 percent and guidance was extremely weak. The company
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Are you making the most of your 401(k)? Better check. In recent years, companies have been making improvements to their workplace retirement plans, according to a new survey by global advisory firm Willis Towers Watson. Among other changes, many companies have boosted employer contributions, added Roth 401(k) options, and made fees more transparent. The survey
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Kohl’s on Thursday reported fourth-quarter earnings and revenue that beat analysts’ expectations, fueled by strong sales growth and tighter controls over inventory. The company said it trimmed excess inventory by 7 percent in 2017, which boosted profit margins and created an overall cleaner shopping experience in stores. It also revealed it would tap Aldi as
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One market watcher is making the bull case for Nordstrom ahead of its quarterly earnings report coming Thursday afternoon. Mark Tepper, president and CEO of Strategic Wealth Partners, would recommend buying shares of the company into earnings. Here are his reasons. • Nordstrom, widely reported to be working toward going private, looks like a buy
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