Britain crashes out of world's top 5 economies

Britain crashes out of world's top 5 economies

The headaches of negotiating Brexit Britain has officially abandoned its claim to be the world’s fifth largest economy. Treasury chief Philip Hammond acknowledged the slide on Wednesday, noting the new ranking in a series of statements meant to highlight the economy’s strength. Read More

Gun sellers confident Black Friday will be a break from the Trump slump

Gun sellers confident Black Friday will be a break from the Trump slump

Remington is one of many gun companies offering discounts or rebates on Black Friday. Gun dealers are expecting Black Friday to provide a respite from the Trump slump. The biggest shopping day of the year is also the biggest day for stores that sell guns and ammo. And it’s especially important in a year when → Read More

Buffett loves Coke. But will he back a Pepsi buyout?

Buffett loves Coke. But will he back a Pepsi buyout?

Buffett: Dow will hit 1 million in 100 years Warren Buffett often jokes that he gets a quarter of his daily caloric intake from Coca-Cola. But an investment firm is suggesting that Kraft Heinz, which Buffett’s Berkshire Hathaway owns a nearly 27 percent stake in, may want to buy Coke rival Pepsi. Fixed income research → Read More

How to make money broadcasting from your phone

How to make money broadcasting from your phone

How to save $1,000 this year Amber-Tiana is the biggest star to ever work at the vegan smoothie shop at the The Westfield Mall in Sherman Oaks, California. The 27-year-old performer broadcasts her five shows — some musical revues, a talk show and a pop-culture quiz show — live each week to her half a → Read More

Trump Justice Department puts Corporate America on notice

Trump Justice Department puts Corporate America on notice

AT&T CEO: Sale of CNN a ‘non-starter’ Blocking AT&T’s purchase of Time Warner is a seemingly odd assault on business from the CEO president. President Trump’s Justice Department just became the first since the Carter administration to fight a merger between two companies in different lines of business. Because those so-called vertical mergers typically don’t → Read More

'Death spiral': 4,000% inflation in Venezuela

'Death spiral': 4,000% inflation in Venezuela

Venezuela’s crisis taking a toll on its children Venezuela’s money is nearly worthless, and its cash crisis is only getting worse. The country is spiraling further into a humanitarian disaster spurred by the government’s economic policies, which have caused the currency, the bolivar, to plunge in value and prices to skyrocket. Food and medicine shortages → Read More

Saudi Arabia will issue its first tourist visas in 2018

Saudi Arabia will issue its first tourist visas in 2018

Saudi Arabia wants to attract more tourists Saudi Arabia is unlikely to be on your vacation list. Officials are trying hard to change that. The kingdom already welcomes millions of Muslims pilgrims who come to visit Mecca each year, and it is now gearing up to attract conventional tourists. Read More

3 things you definitely shouldn't finance

3 things you definitely shouldn't finance

Three simple ways to pay off credit card debt You really want a new TV to replace the model that currently graces your living room, so you stroll down to the store of your choice and plop down your credit card. Or your washing machine is making strange noises, so you decide to pick up → Read More

Brexit Britain slashes growth forecast

Brexit Britain slashes growth forecast

London mayor: U.K. has no game plan on Brexit Britain’s economy is running out of momentum. The Office of Budget Responsibility slashed its economic growth forecast for 2017 to just 1.5% on Wednesday, down from an estimate of 2% in March. Read More

J. Crew will close dozens of stores by the end of January

J. Crew will close dozens of stores by the end of January

Retailers get ready for festive shoppers Another day, another round of store closings from a big retailer. J. Crew announced late Tuesday that it plans to close 39 stores by the end of January — about 6% of its total and double the number it previously planned to close. Read More

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