21st Century Fox has been holding talks to sell most of the company to Disney – CNBC

(CNBC)  21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation. The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. […]

Business U.S. News

Here’s how the GOP wants to overhaul the tax system – CNBC

(CNBC)  House Republicans unveiled their plan to overhaul the tax code on Thursday in what could be the biggest rewriting of the system in decades. For President Donald Trump, who has repeatedly pledged to slash taxes, passing the Tax Cut and Jobs Act would give him his first major legislative win of his administration. As […]

Business U.S. News

Trump picks Jerome Powell to succeed Yellen as Fed chair – CNBC

(CNBC)  President Donald Trump nominated Jerome Powell to run the Federal Reserve once current Chair Janet Yellen’s term expires, in a move widely expected and one unlikely to disturb the roaring stock market. Trump made the announcement during an afternoon ceremony in the Rose Garden. The move follows an extended period of speculation over who would be named […]


Consumer confidence hits highest level since December 2000 – CNBC

(CNBC)  Consumers were even more optimistic in October than economists polled by Reuters expected. Consumer confidence rose to 125.9 in October, according to the Conference Board. The index “increased to its highest level in almost 17 years,” Lynn Franco, Director of Economic Indicators at The Conference Board, said in a statement. That was in December […]

Business U.S. News

Social Security Administration Spending Tops $1 Trillion for First Time – CNS News

( –  In fiscal 2017, real Social Security Administration spending topped $1 trillion for the first time, according data published in the Monthly Treasury Statement.The Social Security Administration spent a total $1,000,812,000,000 in fiscal 2017, according to the Treasury. That was about 37 times as much as the Department of State spent during the year ($27,061,000,000), […]

Business Politics U.S. News

Trump to Nominate Simons to Lead FTC, White House Says – Bloomberg

(Bloomberg) President Donald Trump will nominate Washington antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House said Thursday. Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, would be appointed to a seven-year term and take over upon confirmation for Acting Chairman Maureen Ohlhausen, who has been […]

Business Controversial

Fascinating graphics show who owns all the major brands in the world – Sploid

(Sploid) All the biggest product brands in the world are owned by a handful of corporation. Food, cleaning products, banks, airlines, cars, media companies… everything is in the hands of these megacorporations. These graphics show how everything is connected. Consumer goods In the supermarket—as you can see in the graphic at the top—Mondelez, Kraft, Coca-Cola, […]