business news

Trump’s tax plan could bring $250 billion into the US — here are the companies set to benefit most

President Donald Trump’s new tax plan could cause a tidal wave of internationally held cash to flood back into the US. The repatriation tax holiday outlined in the plan, for which details were released on Thursday, is designed to incentivize US-based companies that do big business overseas to bring those …

business news

The rocky start for the Republican tax reform bill is a troubling sign of things to come

House Republicans delayed the rollout of their tax reform bill from Wednesday to Thursday — less than 24 hours before it was set to be released. The delay was forced by key differences in the GOP conference that could not be resolved in time. The turmoil and delay could be …

business news

Bitcoin futures remind one expert of the risky products that caused the financial crisis

CME Group will offer bitcoin futures, pending approval. Joe Saluzzi of Themis Trading thinks that it would be a mistake to give the products the go-ahead, citing the unregulated exchanges upon which bitcoin trades. He worries that if the futures are given the OK, it would catalyze approvals for bitcoin …

business news

Tax reform was possible in 1986, but Republicans aren’t following the same playbook that worked then

A lot of Republicans in Congress cite the Tax Reform Act of 1986 as a model for the tax plan they hope to implement in the next few months. They lament the fact the tax code hasn’t been overhauled in 31 years, and say they want to do it again. But …

business news

Bitcoin is skyrocketing because 2 of the biggest exchange groups in the world are launching bitcoin futures — here’s what that means

CME Group, a leading marketplace for derivatives which handles 3 billion contracts worth about $1 quadrillion annually, is set to roll out bitcoin futures by the fourth quarter. A bitcoin future will allow investors to bet on the future price of bitcoin without having to actually hold the coin itself. It …