Finance

WASHINGTON — The Trump administration released regulations on Wednesday that could help venture capitalists, Native American tribes and entrepreneurs benefit from a new tax incentive meant to encourage investment in struggling communities. Backers of that incentive, known as Opportunity Zones, had complained to the administration in recent weeks that its regulations could end up steering […]

Asian stock markets were mostly lower while oil prices surged for a second day Monday following reports Washington wants to block Iranian exports. Tokyos benchmark edged up while Shanghai, Seoul and India retreated. Hong Kong and Sydney were closed for the holiday. On Wall Street, the benchmark Standard & Poors 500 index ended a shortened

April 4 (Reuters) – U.S. President Donald Trump plans to nominate former pizza chain executive and Republican presidential candidate Herman Cain for a seat on the Federal Reserve Board, Bloomberg News reported on Thursday. Axios also earlier reported Trump has decided to choose Cain to fill one of two vacancies on the seven-member Fed board.

The difference, or spread, between the market’s aversion to health care stocks, the most-hated sector, and its attraction to financial services, the most-loved, was extraordinarily wide. The polarization was greater than it has been for 99.93 percent of all trading days in the American stock market since the start of 1990, Bespoke found. When such

WASHINGTON — A government report has concluded that the Trump administration’s revised North American trade agreement would offer modest benefits to the economy, challenging the president’s claims that the accord would make far-reaching changes. Mr. Trump has reviled the quarter-century-old North American Free Trade Agreement as the worst trade pact in existence and blamed it

Japanese media reported Monday that prosecutors have charged Nissans former chairman Carlos Ghosn with breach of trust. The charges reportedly filed Monday are his fourth. They are related to payments by a subsidiary of the Japanese automaker that allegedly went to a private investment company controlled by Ghosn. The charges could not immediately be confirmed

LOS ANGELES, April 7 (Variety.com) – The magic word at the box office this weekend was “Shazam!” Warner Bros.′ latest DC superhero adventure easily topped charts in North America, pocketing $53 million when it debuted in 4,217 venues. Buoyed by positive reviews, “Shazam!” arrived ahead of expectations, which anticipated a start around $40 million to

On the other side, the receiving spouse, who would have paid $15,416 in taxes in a divorce settled last year, was able to keep the entire $100,000 tax-free this year. The difference grows as income grows. Mr. Richards ran a similar projection with someone earning $2 million and paying out $400,000 in alimony. Because of

And when the Max is approved to fly again, it remains unclear whether passengers will feel comfortable on the planes. In the days after the crash of Ethiopian Airlines Flight 302 in March, before the Max was grounded, the travel booking website Kayak.com added a filter that allowed customers to filter by plane type. Yet

Asian stock markets were mixed Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data. Benchmarks in Tokyo and Seoul gained while Shanghai retreated. Hong Kong and Sydney were closed for the holiday. On Wall Street, the benchmark Standard & Poors 500 index ended a shortened trading week on