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Wednesday, September 20, 2017

Where the huge SoftBank-Saudi tech fund is investing

It was launched less than a year ago but the SoftBank Vision Fund has already invested billions in 10 firms.

Published 12:58 PM

Jack Ma: We need to stop training our kids for manufacturing jobs

The Alibaba founder and chairman discussed how artificial intelligence will change the economy at the Bloomberg Global Business Forum on Wednesday.

Published 12:54 PM

You can now book a restaurant reservation on Airbnb

Airbnb has partnered with Resy to offer restaurant reservations bookings.

Published 11:51 AM

Why Bill and Melinda Gates are spending a lot of time in Washington

Amid concerns that there will be major budget cuts to foreign aid, Bill and Melinda Gates are preaching to almost "everybody" on Capitol Hill about the importance of providing financial support for low-income countries and other causes.

Published 11:39 AM

Hurricane Maria pummels Puerto Rico

Hurricane Maria is the strongest hurricane to make landfall in Puerto Rico since 1928.

Published 11:37 AM

CVS amps up its campaign against tobacco at colleges

CVS amps up its campaign against tobacco at colleges

Published 11:35 AM

How a woman's appearance affects her career

Studies show that managing appearance is a fine line for professional women to walk: there's both a bonus and a penalty to being attractive in the workplace.

Published 11:24 AM

Consumers sour on yogurt and cereal

General Mills, the owner of Cheerios and Yoplait, reported another drop in sales. The company, along with other packaged food giants, is being hurt by changing tastes, a shift to organic and lower prices at grocery stores.

Published 11:18 AM

Trump is right. The corporate rate should be 15%. But it's not that simple

Ideally, the U.S. should aim for the lowest corporate rate possible. But what's rarely noted when comparing the United States to competitors with low corporate rates is that those countries also impose a consumption tax on top of their other taxes.

Published 11:13 AM

Warren Buffett: Dow will hit 1 million in 100 years

Warren Buffett isn't nervous about a stock market bubble. The legendary investor thinks anyone betting against America is "out of their mind."

Published 11:09 AM

Is an annuity a good deal?

I'm 65 and my financial adviser is recommending I put some of my retirement savings into an immediate annuity. How do I know if this is a good deal?

Published 10:55 AM

India's first $1 billion IPO in 7 years begins

SBI Life, one of the country's largest insurance companies, is aiming to raise $1.3 billion.

Published 10:01 AM

Yoko Ono pops John lemon-ade bubble

Yoko Ono accused the makers of John Lemon lemonade of profiting from the memory of her late husband.

Published 9:50 AM

Saudi Arabia is investing billions in fun

Saudi Arabia is creating an entertainment investment company aimed at persuading more Saudis to take their vacations at home.

Published 9:02 AM

Sen. Cassidy defends health bill amid backlash

Sen. Bill Cassidy (R-LA) defends the Graham-Cassidy health care bill, saying more people will receive affordable coverage and those with pre-existing conditions will be protected.

Published 9:01 AM

Elaine Chao reduces self-driving car privacy to a footnote

Privacy takes a back seat in the government's new guidelines for self-driving cars.

Published 8:14 AM

No holiday hiring for Walmart, just more hours for its workers

Walmart giving more holiday hours to employees, rather than hiring additional help.

Published 7:55 AM

Puerto Rico: Hurricane Maria hammers an economy that can't take much more

The Category 4 hurricane could worsen Puerto Rico's already grim financial picture. It's on pace to hit the U.S. territory Wednesday.

Published 7:41 AM

Rich Germany has an inequality problem. These numbers prove it

The number of Germans at risk of slipping into poverty is the highest since the country's East and West were reunited in 1990.

Published 6:24 AM

GOP offers health care trade-off for states: More flexibility, less funding

The latest Obamacare repeal effort would give states more control over federal health care dollars, but it would also mean less funding for nearly all.

Published 6:03 AM

What to watch at Janet Yellen's press conference

Here's what to watch for on Wednesday after the Federal Open Market Committee concludes a two-day policy meeting in Washington.

Published 5:57 AM

Fed focus; Gun stocks; Big steel deal

Here's what you need to know about the markets before you start your business day.

Published 5:28 AM

New European steel giant expects to cut 4,000 jobs

Europe is set to get a major new steel company after Germany's Thyssenkrupp and India's Tata Steel agreed to team up.

Published 4:15 AM

Kimmel: The senator lied to my face

Comedian Jimmy Kimmel argued the Sen. Bill Cassidy's new health care bill fails the "Kimmel Test" -- a reference to the comedian's emotional late-night monologue about how the Affordable Care Act carried protections that helped save his son from a congenital heart defect.

Published 2:01 AM

Jimmy Kimmel takes on new health care bill, says Sen. Cassidy lied 'right to my face'

Jimmy Kimmel spoke about the Graham-Cassidy health care bill during his ABC show on Tuesday night.

Published 12:17 AM