CBO concludes GOP tax bill would leave middle, lower-income Americans poorer
CBO concludes GOP tax bill would leave middle, lower-income Americans poorer
Rick Docksai - Dec 01, 2017
Many middle-class and lower-income Americans will pay even more in taxes if the GOP's tax bill passes, the Congressional Research Service and Congressional Budget Office both warned in recent reports.
Linda Mack - Nov 28, 2017
Movie streaming is as popular as ever, but at least a third of Americans still rent or buy hard-copy DVDs, according to an annual entertainment survey. The survey notes that some video stores still cling to life, despite losing business to Web-based services like Netflix.
Kyle Bates - Nov 28, 2017
The new model will roll out by 2021 and will be the basis for many more electric models by 2023, she added, predicting that the company will be producing a million electric vehicles annually within the decade.
Zoe Poindexter - Nov 21, 2017
Anthony Levandroski, who may face legal charges from an upcoming trial over self-driving car technology he developed for Waymo, has started a new religion based on the worship of robots.
Leon Clarke - Nov 21, 2017
Elon Musk showcased an upcoming Tesla electric semi-truck and another new electric car alongside each other last Thursday and offered bold promises about each one. The company is having great difficulty sustaining production for its existing vehicle models, however.
Mark Schwartz - Nov 14, 2017
National transportation safety officials headed to Las Vegas on Friday to investigate a collision involving a self-driving shuttle bus. The shuttle bus suffered minor damage to its front when a human-driven delivery truck collided with it.
Jackie Flores - Nov 11, 2017
The House Intelligence Committee looking into allegations of collusion between the Trump campaign and Russia has agreed to let the executive tied to the so-called Steele dossier testify voluntarily and in a limited way next week.
Paul Pate - Nov 08, 2017
Renewable energy is on a fast growth track in India, where government officials forecast that renewables will provide two-fifths of the country's electricity needs by 2030.
Paul Pate - Nov 08, 2017
A new provision in the GOP's tax bill imposes a 20% tax on any money transfer between a multinational business's U.S.-based unit and its units overseas. GOP lawmakers said that the measure aims to curb multinationals' tax avoidance and to remove tax advantages that they said foreign companies have over U.S.-based ones.
Mark Schwartz - Oct 28, 2017
The House passed the Senate's 2018 budget Thursday. This vote was a prerequisite for an upcoming GOP attempt to pass a tax-overhaul
Mark Schwartz - Oct 27, 2017
CVS is discussing buying health-insurer Aetna and may wrap up a deal in the next few weeks. The move would merge one of the United States' biggest pharmacy chains with one of its biggest insurers and could potentially impact insurance plans and drug prices in major ways.
Rick Docksai - Oct 23, 2017
Sen. Rand Paul has opposed Trump and the GOP several times this year on health care. But the Kentucky Republican said Thursday said that he is "all in" on Trump's plans to enact a $1.6 trillion tax cut.
Jose Jefferies - Oct 23, 2017
A new study shows that backyard bird feeders in the UK may be responsible for beak evolution in great tits.
Miriam Griffin - Oct 23, 2017
Iran is ramping up its renewable-energy capacity, with collaboration from European energy firms who have invested billions of Euros in the country in the last two years. U.S. sanctions threats have discouraged some, but not all, of these firms from continuing their Iran-based energy enterprises.
Rick Docksai - Oct 21, 2017
Retailers are cutting back on hiring, partly because fewer job seekers are looking for retail work in the first place. Industry experts report that robust job growth in other U.S. economic sectors, combined with the rise of higher-paying work opportunities with "sharing economy" gigs such as Uber, are resulting in fewer and fewer potential retail employees.
Rick Docksai - Oct 19, 2017
An all-electric, self-piloting passenger plane that will offer passengers seats costing no more than a bus pass is under development and may be ready to fly by 2019. The startup developing it envisions their flight service as "Uber meeting Tesla in the sky."
Kyle Bates - Oct 19, 2017
Intel is partnering with Facebook and other tech companies to develop computer chips designed for AI. These chips will be much faster and able to process much greater amounts of data than conventional chips.
James Smith - Oct 16, 2017
The company Razer is set to unleash a new phone that could be focused primarily on gaming.
Vicky Webb - Oct 14, 2017
International travel to the United States made unusually large drops this year following President Trump's impositions of new restrictions on refugees and Muslim immigrants.
Ed Mason - Oct 14, 2017
Pornhub plans to use facial recognition AI to make their site more efficient.
David Sims - Oct 14, 2017
Target plans to use Google Express to create an easier, and much more personalized, experience for its shoppers.
Vicky Webb - Oct 13, 2017
Snapchat hopes their new features will cause people to use the app more often.
Jackie Flores - Oct 13, 2017
Microsoft has announced it has no more planned updates for Windows 10 Mobile, essentially ending the platform's future.
Wilson Soto - Sep 30, 2017
The Justice Department sent Facebook warrants for the personal data of three users who organized anti-Trump protests. The ACLU is fighting to have the warrants quashed.
Kathy Fey - Sep 29, 2017
Agro-business companies such as Monsanto use genetic modification to create faster-growing crops and crops that can withstand diseases, resist pests, and grow in historically cold or otherwise inhospitable climates.
Linda Mack - Sep 29, 2017
Black households' net worth grew from $13,600 per household in 2013 to $17,600 in 2016, an almost 30% gain. Hispanic households' net worth grew 46%, from $14,200 to $20,700.
Jose Jefferies - Sep 27, 2017
Polaritons are ten-thousand times lighter than electrons and form when a laser shines upon stacked layers of selected atoms such as arsenic, gallium, indium, and aluminium.
Lila Alexander - Sep 26, 2017
Private and public computer systems across the globe have suffered "ransomware" attacks that lock the computer until the user pays the hacker money, but a new strain of the virus is coercing users to send nude photos instead.
Kyle Bates - Sep 26, 2017
Transport for London said that Uber was not conducting sufficient background checks of drivers and was failing to report serious criminal offenses.
Billy Kirk - Sep 25, 2017
HHS Secretary Tom Price's use of private jets for official travel is a departure from Obama-era practices.
Rick Docksai - Sep 16, 2017
Three women ex-employees of Google are suing the company for what they say is bias against women in its hiring and salary decisions. The case is the latest in a series of lawsuits against tech companies over gender pay disparities.
Ed Mason - Sep 11, 2017
Federal prosecutors on Thursday asked the judge who presided over Martin Shkreli's trial for securities fraud to revoke the $5 million bond posted by the so-called 'Pharma bro' and lock him up.
Kyle Bates - Aug 22, 2017
He said that he is currently focusing on investment projects in his home country, including $5 billion of agricultural initiatives and an $11 billion oil refinery.
Joseph Scalise - Aug 22, 2017
The story quotes sources who said that Sater is fearful of Robert Mueller's ongoing investigation into Trump's Russia connections.
Joyce Clark - Aug 19, 2017
South Carolina sued Amazon in administrative court this summer to make it hand over sales-tax revenue it accrued from third-party merchant sales.
Josh Curlee - Aug 19, 2017
Some of the items may be ones that Amazon shoppers have traditionally have sought out elsewhere. Groceries are one such example.
Lila Alexander - Aug 11, 2017
In his tweet, the Wikileaks founder stated clearly his opinion of Google's decision to terminate its employee: "Censorship is for losers.
Leon Clarke - Aug 07, 2017
An anonymous Google engineer's 10-page manifesto against his company's diversity initiatives has sparked heated responses on social media and an official denunciation from Google leadership.
James Carlin - Aug 04, 2017
In just 15 years — between 1999 and 2015 — a staggering 560,000 people in U.S. died of drug overdoses. Many deaths were linked to prescription drugs, such as oxycodone, hydrocodone, and fentanyl.
Jason Spencer - Aug 03, 2017
The Trump administration gave the company approval in March to start building the pipeline into Montana. He separately approved the Dakota Access pipeline, which would carry oil from South Dakota to Illinois, that same month.
Paul Pate - Jul 25, 2017
The Irish government is setting up an escrow fund to facilitate the collection of an estimated 13 billion Euros--$15.2 billion—in back taxes from Apple Inc.
Rick Docksai - Dec 11, 2017
The Labor Department issued a proposal to repeal an Obama administration rule that had required restaurant owners to let tipped workers keep their tips.
Rick Docksai - Dec 11, 2017
The GOP's tax bill allows for oil and gas drilling in Alaska's Arctic National Wildlife Refuge, and an indigenous tribe called the Gwich'in is deeply concerned.
Rick Docksai - Dec 06, 2017
The mortgage interest deduction, which offers tax relief to homeowners, benefits rich homeowners over poorer ones by a two-to-one margin, according to studies.
Kyle Bates - Nov 29, 2017
Mexico's economy has languished for the past two decades, despite increased trade under NAFTA. Bloomberg analysts anticipate significant implications for Mexico-U.S. relations and for the Mexican presidential election next year.
Kathy Fey - Nov 21, 2017
Volvo will sell Uber as may as 24,000 cars for Uber's up-and-coming fleet of driverless cars, under a deal that the two companies recently struck.
Tobi Gerdes - Nov 13, 2017
The GOP's tax bill made it out of the House Ways and Means Committee on Thursday after several tweaks, such as the restoration of a tax credit for parents who adopt. A full House vote on the bill may take place in the week ahead.
Paul Pate - Nov 10, 2017
Waymo will take Phoenix, Arizona, residents on test rides of its new self-driving cars in the next few months. The company plans to launch a driver-free ridesharing service that will pick up human passengers nationwide.
Miriam Griffin - Nov 07, 2017
The National Federation of Independent Business criticized the GOP tax plan Thursday over a provision that lowers taxes for only certain kinds of businesses.
Delila James - Nov 07, 2017
Prof. Stephen Hawking believes artificial intelligence eventually will outperform humans.
James Carlin - Nov 03, 2017
A key Senate committee plans to vote next week on a bill that would make websites liable for prosecution if they carry ads for illicit sex-trafficking.
Kyle Bates - Nov 03, 2017
Tesla announced Wednesday that it will not be able to reach its target volume for Model 3 production until early next year, instead of in December as planned.
Mark Schwartz - Nov 02, 2017
The Trump administration has issued a plan to subsidize coal and nuclear plants that store fuel on-site. An independent report found that the plan would cost $10.6 billion a year and would prop up facilities that would go out of business due to falling market demand.
James Smith - Nov 01, 2017
Scientists have discovered a process that could limit, and potentially end, overheating in smartphones
Lila Alexander - Oct 31, 2017
The new Apple iPhone X will use facial-recognition technology to automatically unlock when it sees its user's face. This is the first time that a mobile phone features facial-recognition technology, and some privacy advocates worry that the technology is about to spread too fast, too quickly in society and could pose unforeseen risks to individual privacy and safety.
Lucas Rowe - Oct 31, 2017
The new Apple iPhone X sold out less than 10 minutes after Apple made it available for pre-order this morning. The company said that it is striving to fulfill every order, but customers who anticipated receiving their orders within two or three weeks may have to wait at least five or six.
Tyler Henderson - Oct 23, 2017
The United States could restore sanctions on Iran if President Trump goes through with his threats to leave the U.S.-Iran nuclear deal. But Secretary of State Rex Tillerson insisted Thursday that a U.S. reinstatement of sanctions will not harm European businesses who operate in Iran.
Lucas Rowe - Oct 23, 2017
Solar-energy companies inside and outside the United States are waiting in suspense on whether the Trump administration goes through with new import restrictions on foreign-made solar panels. The proposal would cost thousands of solar jobs and stifle solar research, industry leaders said.
Dan Taylor - Oct 17, 2017
A newly developed synthetic cephalopod skin could one day help soft robots change color to blend in with their environment.
Tyler Henderson - Oct 17, 2017
Colin Kapernick is suing the NFL over the refusal by any team to sign him on as a quarterback. He contends that they are all collectively punishing him for his national-anthem protests last year and that, if so, they are violating the NFL's own collective bargaining agreement against "collusion."
Lucas Rowe - Oct 16, 2017
Facebook's new Oculus Go VR headset is another big push at making VR more popular.
Leon Clarke - Oct 16, 2017
Uber rejected a $1 billion lawsuit-settlement demand from Waymo, who is suing Uber over alleged theft of trade secrets. If the two companies don't agree on another settlement, they will go to trial in December.
Miriam Griffin - Oct 16, 2017
A gene therapy for a genetically inherited form of blindness got approval from an FDA panel Thursday and could get final agency approval for market by January. If the FDA signs off on it, it will be the first-ever genetic treatment for a genetically inherited disease to be available to U.S. consumers.
Kathy Fey - Oct 14, 2017
Millions of Pornhub users were tricked in the past year by a malware program that posed as a legitimate software update that they could download.
Joseph Scalise - Oct 14, 2017
Apple plans to team up with LG in order to create foldable phone screens.
Kristy Douglas - Oct 14, 2017
For the first time, Amazon's Echo will be able to tell people apart by the sound of their voice.
Vicky Webb - Oct 13, 2017
OnePlus devices are taking data from their users and sending it to the company's private servers.
Billy Kirk - Oct 13, 2017
Google has been forced to disable the Home Mini's touch sensor after early versions of the device were constantly recording all the noises around them.
Joseph Scalise - Oct 11, 2017
A new report reveals that wind turbines on the open ocean have the potential to create much more energy than the ones on land.
Kyle Bates - Oct 02, 2017
Sir James Dyson has attained great success in the home appliance market, but he announced this week that he is going to pour more than half his fortune into making electric cars. Dyson has never built electric cars before, but he hopes that his expertise in electric components and battery power will help him shine.
Rick Docksai - Oct 02, 2017
Ride-sharing services such as Lyft and Uber have been reaching out to elderly-care facilities to gain customers among car-less elderly residents. Both companies are rolling out new apps and amenities to make their services more accessible to generations of new users who didn't grow up with smartphones.
Kristy Douglas - Sep 29, 2017
The Chinese government announced that it will no longer allow North Korean companies to work within its borders and that they must all cease their operations in China by early January.
Carmelo Sheppard - Sep 25, 2017
A team of researchers has created a new artificial muscle that could help robots lift far beyond their own body weight.
Paul Pate - Sep 19, 2017
The National Collegiate Student Loan Trusts is the nation's largest holder of student loan debt, with more than 800,000 private student-loan debts in its portfolio.
Carmelo Sheppard - Sep 14, 2017
These new robots act in a similar manner, where they can perform simple activities by themselves and much more complex ones when paired together.
Jose Jefferies - Sep 13, 2017
"Supercharger stations in urban areas will be installed in convenient locations, including supermarkets, shopping centers and downtown districts.
Sam Klein - Sep 13, 2017
Tungsten, a metal vital to defense and commercial industries throughout the developed world, is surging in price across the globe, according to private- and public-sector analysts, who attribute the price surge to supply cutbacks in China.
Jose Jefferies - Sep 13, 2017
The verdict is the latest of several fines that European governments have levied against the social-networking giant this year. And more friction between Facebook and European regulators may be yet to come.
David Sims - Sep 05, 2017
The Southern Poverty Law Center is a strictly U.S.-based organization, but it has more than $4 million allocated in investment accounts in the Cayman Islands, an investigative-news analysis of its 2014 tax documents reported.
Tobi Gerdes - Aug 30, 2017
Michael Cohen suggested Monday that Saber's proposal was just "salesmanship" and said he ultimately decided it was not workable, never agreeing to travel to Russia.
Leon Clarke - Aug 30, 2017
Yellen's term as central bank chief expires next year, and it may be her last. Trump has not indicated that he will appoint her to a new term.
Leon Clarke - Aug 30, 2017
On August 22, the U.S. Treasury sanctioned several Chinese companies that it said were assisting North Korean leader Kim Jong Un's development of nuclear arms and ballistic missiles.
Laurel Kornfeld - Aug 29, 2017
Amazon secured approvals Wednesday for its proposed acquisition of Whole Foods from the U.S. Federal Trade Commission and Whole Foods' shareholders.
Harry Marcolis - Aug 23, 2017
Another one of Johnson's products, Shower to Shower, also is talc-based and linked to an increased risk of ovarian cancer.
Jackie Flores - Aug 23, 2017
Following the example of the city of Baltimore last week, the University of Texas at Austin has taken down three Confederate statues in the dead of night.
Kathy Fey - Aug 23, 2017
A Tucson, Arizona, nonprofits consultant started organizing "diaper drives" in the 1990s to donate diapers to families in need. In 2000, the city opened the Diaper Bank of Southern Arizona, the first diaper bank in the nation.
Adam Widmer - Aug 22, 2017
The Electronic Frontier Foundation (EFF), a nonprofit organization dedicated to defending civil liberties in the digital world, agrees.
Kara Menard - Aug 22, 2017
Mylan, maker of the EpiPen emergency allergy treatment, finalized a $465 million settlement with the U.S. Justice Department to resolve a year-long over EpiPen's price, the U.S. Attorney's Office in Massachusetts announced Thursday.
Joseph Scalise - Aug 22, 2017
The trial will start in October and pits Waymo, a self-driving car project started by Google's Alphabet, against Uber.
Mae Owen - Aug 07, 2017
Saudi Arabia announced one new project last week that will span 34,000 square miles—about the size of Belgium—of the Red Sea coastline and adjacent islands.
Kara Menard - Aug 04, 2017
A dead zone the size of New Jersey has formed in the Gulf of Mexico and is growing even larger, and a new report says that meat industries are to blame for much of it.