Money

Swiss voters reject corporate tax overhaul

Swiss voters reject corporate tax overhaul

Voters in Switzerland have shocked the political establishment by rejecting a reform plan that would have brought the country’s corporate tax system in line with international norms. The tax reforms, which were widely supported by the business community, would have removed a set of special low-tax privileges that had encouraged many multinational companies to set […]

Trump brand takes another hit: Sears and Kmart

Trump brand takes another hit: Sears and Kmart

Nordstrom. Neiman Marcus. TJ Maxx. And now, Sears and Kmart. Sears Holdings, the company that owns retail stores Sears and Kmart, reportedly said this weekend that it would remove 31 Trump-branded items from its website. The company pulled the products as part of a plan to focus on its “most profitable items,” Sears spokesman Brian […]

Verizon’s new plan: Consumers win, investors lose

Verizon’s new plan: Consumers win, investors lose

Verizon has brought back its unlimited data plan. That’s great if you’re a Verizon customer. But it is terrible news for its investors. Verizon (VZ) stock fell nearly 1.5% in early trading Monday. It’s now down about 10% so far this year, making it the Dow’s worst performer of 2017. Verizon’s move is a clear […]

America’s NAFTA nemesis: Canada, not Mexico

America’s NAFTA nemesis: Canada, not Mexico

America and Canada have one of the world’s biggest trade relationships. President Donald Trump met for the first time Monday with Canada’s Prime Minister Justin Trudeau. “We have a very outstanding trade relationship with Canada,” Trump said at the news conference. But the U.S.-Canada trade relationship over the years has not been as smooth as […]

Apple stock nears record high

Apple stock nears record high

Apple has found its groove again. The iPhone maker’s stock hit $133.82 in early trading Monday, putting Apple less than $1 away from its intraday trading high of $134.54, reached in April 2015. Apple’s stock ended the day at $133.29, beating its previous record closing price of $133, set in February 2015. The stock surge, […]

Stocks hit record again. But is Trump the reason?

Stocks hit record again. But is Trump the reason?

The Dow, S&P 500, Nasdaq and Russell 2000 each hit new all-time highs Monday. Investors are giddy with excitement and they clearly believe that both big blue chip multinationals and smaller companies that do most of their business in the U.S. will continue to thrive. So is this the Donald Trump rally? Or the Janet […]

‘America First’ could turn into ‘India First’

‘America First’ could turn into ‘India First’

America is great because of its willingness to accept talented immigrants. That’s what Nandan Nilekani, the billionaire co-founder of Infosys Technologies, would tell President Trump if he had the opportunity. “If you really want to keep the U.S. … globally competitive, you should be open to overseas talent,” Nilekani said on the sidelines of CNN’s […]

Will the iPhone 8 charge wirelessly?

Will the iPhone 8 charge wirelessly?

You may never have to plug in your iPhone again. Apple has joined an industry group devoted to wireless charging, strengthening existing rumors that the next iPhone will charge without a cord. The Wireless Power Consortium, which is made up of some 200 organizations that promote a single wireless charging standard, confirmed to CNNTech that […]