http://assets.nydailynews.com/polopoly_fs/1.3635584.1510785430!/img/httpImage/image.jpg_gen/derivatives/article_750/nyc-mayor-state-city.jpg

Economy

Most families are likely to use the new standard deduction, no longer needing to itemize deductions. Sen. Susan Collins, R-Maine, who has voted with Democrats against repealing Obamacare, is reportedly having a more hard time coming to a "yes" vote on the Senate Republicans' tax reform plan since McConnell announced Tuesday that a repeal of Obamacare's individual health insurance mandate would be added to the Senate version of the tax bill.
  • IEA: Global Crude Demand to Endure Wave of Electric Cars

    IEA: Global Crude Demand to Endure Wave of Electric Cars

    Economy

    The less-than-bullish forecast for Canadian oil and gas, means the IEA has cut the country's investment spend in the country to US$1.08 trillion in 2040 (from US$1.68 trillion in its forecast last year) - part of a global cut in investment projections.
  • Alibaba crushes sales record during Singles' Day

    Alibaba crushes sales record during Singles' Day

    Economy

    Alibaba's annual shopping frenzy helped approximately 82 brands make 100 million yuan in sales for 2017, including Nike Inc., Xiaomi Corp. and Uniqlo Co. Now, it's become an excuse for people to shop and binge on entertainment shows. Alibaba incorporated significant offline retail offerings into the event .
  • Hasbro reportedly makes a takeover bid for struggling rival Mattel

    Hasbro reportedly makes a takeover bid for struggling rival Mattel

    Economy

    Hasbro, based in Pawtucket, R.I., makes toys such as Transformers , G.I. Joe figures, My Little Pony, Nerf and Play-Doh, and games including Monopoly, Scrabble and Twister. That prompted S&P Global Ratings to lower its ratings on Mattel's corporate debt. Hasbro's strategy of using entertainment assets to fuel toy sales has paid off richly - the company's market cap is $11.4 billion, more than twice that of El Segundo, CA-based Mattel.
  • Boeing Inks Deal for 300 Planes with China Aviation Suppliers

    Boeing Inks Deal for 300 Planes with China Aviation Suppliers

    Economy

    On Wednesday, Boeing Co. confirmed that they've won the Chinese deal according to which they will be selling three hundred planes to China, worth nearly $37 billion. More than 50% of all commercial jetliners operating in China are Boeing aircraft . In July, China Aviation Supplies announced it would buy 140 aircraft from Airbus in a deal worth $23 billion.
  • Nvidia Muscles Higher On Third-Quarter Beat, Price-Target Hikes

    Economy

    Independent Bank Corp.is a bank holding company. Institute For Wealth reported 0.98% stake. The Southpoint Capital Advisors Lp holds 2.35 million shares with $70.08 million value, down from 3.00M last quarter. Nvidia expects a slightly higher revenue for the fourth quarter of $2.65 billion, plus or minus 2 percent. Morgan Stanley analyst Joseph Moore said he likes the Nvidia growth story, but the stock's rich valuation is keeping him on the sidelines.
  • Japanese companies stoked for China's Singles Day

    Japanese companies stoked for China's Singles Day

    Economy

    Past year the shopping holiday drove $ 18 billion worth of retail sales for participating sellers, a pop-up luxury hub, Double 11 Musée, will appear online and in the Tmall app for high-end brands. The event, originally a celebration of China's lonely hearts, has become the world's biggest online shopping spree, with takings beat those of its USA equivalents, Black Friday and Cyber Monday , combined.
  • JC Penney is a bright spot among nation's retailers

    JC Penney is a bright spot among nation's retailers

    Economy

    Free cash flow: expected to be $200 million to $300 million. Since the start of the New Year, J. C. Penney Company, Inc. Analysts are turning out to be more optimistic than before, with 2 of analysts who cover J. While the company will face a somewhat easier year-over-year comparison, that would still represent a significant break from the recent trend. Northcoast Research lowered J.C.
  • Walmart's Black Friday 2017 ad is out!

    Walmart's Black Friday 2017 ad is out!

    Economy

    New this year, Walmart is color-coding its departments in-store and in its circular so that shoppers can easily find what they're looking for in potentially large Black Friday crowds. It's beginning some online deals Thursday and plans to offer most of its Black Friday deals online starting at 12:01 a.m. ET on Thanksgiving. Blu-ray movies start at $3.99 on Black Friday.
  • High levels of lead found in fidget spinners

    Economy

    The two products are the " Fidget Wild Premium Spinner Brass " and the " Fidget Wild Premium Spinner Metal ", which tested for 33,000 parts per million (ppm) and 1,300 ppm of lead, respectively. Fidget spinners have been marketed as a therapeutic tool to help stop "fidgeting" and maintain focus; they have even been banned in some schools because they have become a distraction in classrooms.