Business News Elizabeth Warren Mark Cuban 

Warren Wealth Tax Would Cost Mark Cuban 500 Shark Tank Deals

Mark Cuban would pay over $100 million in the first year under Elizabeth Warren’s wealth tax. The Shark Tank star has suggested an ulterior motive behind Warren’s radical ideas. Billionaire Tom Steyer has criticized Cuban over his attacks on Warren. The list of billionaires attacking Democratic presidential candidate Elizabeth Warren’s wealth tax plan is growing. Some have warned that her policies could have a drastic effect on the U.S. economy, including crashing Wall Street. Now the billionaire owner of NBA team Dallas Mavericks and Shark Tank star, Mark Cuban, has…

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Business News Market News saudi arabia Travis Kalanick Uber 

Uber Founder Cut $400 Million Deal With Saudi Arabia 3 Months After Khashoggi Chopping

Uber co-founder’s newest startup received $400 million from Saudia Arabia’s PIF 11 months ago. PIF’s investment in Uber is over $1 billion in the red since the IPO. The report comes just over a year since the brutal murder of Jamal Khashoggi. Despite Uber’s poor showing, Saudi Arabia’s appetite for investing in U.S. startups shows no signs of waning with the country now adding a kitchen rental startup to its portfolio. This is despite the negative press the country received following the murder of Washington Post columnist and U.S. resident…

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Business News CVS Disney Market News peloton Uber 

Stock Market Braces for UBER, PTON, CVS, and DIS Earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both Uber and Peloton reveal their Q3 results. So far, performance among firms with IPO’s in 2019 have been underwhelming at best, so the numbers will either underscore the poor quality of the year’s IPOs or…

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Business News Headlines mastercard Raris Royal MInt 

This $23,000 Debit Card Is Your Solid-Gold Ticket to ‘Limitless Spending’

This week Mastercard (NYSE:MA), Accomplish Financial, and the Royal Mint have come together to bring social climbers everywhere an exclusive card that’s accessible to anyone who can scrape the cash together. The card is made of 18 karat gold and costs £18,000 (~$23,000) when you open a Raris account. According to Raris’ Instagram page, only 50 cards will be produced in both yellow and rose gold. Spend Your Way into High Society This isn’t the first status-symbol credit card to hit the market— the infamous American Express (NYSE:AXP) Black Card…

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Business News hong kong Market News Politics 

Hong Kong Protesters Get Creative to Flout Anti-Mask Ban

Protesters are finding innovative ways to circumvent the oppressive anti-mask ban which came into effect in Hong Kong on Friday. The emergency law is unprecedented in the city’s China-led history as chief executive Carrie Lam looks for every available tool to quell the unrest. Locals are gathering on social media to post workarounds to the ban, including this clever protest hairstyle tutorial on Twitter: Two people were arrested on Monday morning and charged with illegal mask-wearing. AFP reports that supporters subsequently flooded the courtroom and covered their faces in defiance…

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AAPL apple Business News 

Bullish Apple Stock Steams after New 8 Million iPhones Order

Apple can’t keep up with the demand for its just-unveiled iPhone 11. According to Nikkei, the company has increased the production of the phone by an additional 8 million units. This is a 10% increase from what Apple had ordered initially. A source told Nikkei that: This autumn is so far much busier than we expected. Previously, Apple was quite conservative about placing orders, which were less than for last year’s new iPhone. After the increase, prepared production volume for the iPhone 11 series will be higher compared to last…

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Business News Elon Musk Op-ed Tesla 

Hilarious ‘Smart Summon’ Videos Prove Tesla Makes a Clown Car

It isn’t enough that Tesla cars spontaneously combust, or that they drive into things when left to their own devices. Nor is it enough that the world seems to hinge on whether or not Elon Musk and company will deliver a certain number of cars in a quarter while every other car manufacturer has no problem meeting any form of quota. With its “Smart Summon” feature, Tesla has now become a clown car manufacturer. Tesla’s Not-So-Smart Summon The “Smart Summon” feature is designed to let Tesla owners press a button…

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Adam Neumann Business News Op-ed WeWork 

WeWork Meltdown Shows Pitfalls of Adam Neumann’s Personality Cult

The WeWork IPO is toast. The writing was on the wall for several days prior to the announcement, as the company’s roadshows failed at every turn. As much as Wall Street may point to the company’s risky business model as a reason for the failure of the IPO, an equally significant reason is the (now former) CEO himself, Adam Neumann. Visionary or Con Man? There is a fine line between visionary and nutcase. There’s an equally fine line between a visionary and a con man. As much as I like…

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Business News james bullard S&P 500 stock market 

Key Economic Indicators Due This Week a Gauge of Consumer Strength

The stock market is on the brink of setting new records and the consumer, which has been propping up the U.S. economy, has the power to make or break that momentum. A couple of key economic indicators that are set to be released this week happen to be a gauge on the strength of the consumer. The results should provide some clarity as to whether the economy and corporate America will continue to grow, data that the stock market and Fed officials are no doubt watching closely. Despite the stock…

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boycott Business News chick-fil-A Op-ed 

Boycotts Don’t Make A Dent In Explosive Chick-fil-A Sales

A funny thing happened on the way to Chick-fil-A. I had never eaten at the restaurant before, and when I got there, I found a line of cars waiting in the drive-through and an even longer line of customers on the inside. Dying to try their famous chicken sandwich, I abandoned my vehicle and ordered inside. I was greeted and served by attentive young employees, dressed in bright and clean uniforms, who were polite and delivered my food in a timely manner right to my table. I looked around the…

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