Shamima Begum: George Osborne says ISIS teen should be allowed back in UK

Shamima Begum who traveled to Syria when she was 15 has been found in a refugee camp in northern Syria. In an interview carried out in the camp, Begum said she did not regret joining ISIS. Speaking at the Munich Security Conference Saturday, former U.K. Finance Minister George Osborne told CNBC’s Hadley Gamble that the government should allow Begum to return. Osborne said that any ISIS member who did return to Britain would have to be “properly investigated” for potential terrorism offences. A l


Shamima Begum who traveled to Syria when she was 15 has been found in a refugee camp in northern Syria. In an interview carried out in the camp, Begum said she did not regret joining ISIS. Speaking at the Munich Security Conference Saturday, former U.K. Finance Minister George Osborne told CNBC’s Hadley Gamble that the government should allow Begum to return. Osborne said that any ISIS member who did return to Britain would have to be “properly investigated” for potential terrorism offences. A l
Shamima Begum: George Osborne says ISIS teen should be allowed back in UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: david reid
Keywords: news, cnbc, companies, osborne, britain, allowed, stateless, shamima, george, teen, begum, return, join, told, syria, isis, uk, think


Shamima Begum: George Osborne says ISIS teen should be allowed back in UK

Osborne on ISIS teen: ‘Just making people stateless is not really a solution’ 17 Hours Ago | 04:19

The former finance minister of the United Kingdom told CNBC that the runaway schoolgirl who left Britain to join the so-called Islamic State should be allowed to return to the country.

Shamima Begum who traveled to Syria when she was 15 has been found in a refugee camp in northern Syria. Now 19, Begum is also heavily pregnant. In an interview carried out in the camp, Begum said she did not regret joining ISIS.

Adopting a tough tone Friday, the U.K. Home Secretary Sajid Javid said those who left the U.K. to join ISIS were “full of hate for our country” and that he “will not hesitate” to prevent the return of Britons who join the terror group.

Speaking at the Munich Security Conference Saturday, former U.K. Finance Minister George Osborne told CNBC’s Hadley Gamble that the government should allow Begum to return.

“I don’t think it is possible for Britain to say this is all someone else’s problem (and that) we are going to leave them in some other part of the world or not allow them to enter the U.K.,” he said.

Osborne said that any ISIS member who did return to Britain would have to be “properly investigated” for potential terrorism offences.

“I think it’s a bit of justice and actually a bit of compassion. Just making people stateless is not really a solution and it is asking other countries to deal with our problems when they’ve got their own problems,” he added.

A late 2017 report by the Soufan Center put the figure for returned ISIS fighters at 5,600 from 33 different countries. It revealed that on average 20 to 30 percent of those from Europe are already back.

In the U.K., Sweden and Denmark, an estimated 50 percent have already returned.

MI5, the U.K.’s domestic counterintelligence agency, revealed in October of 2017 that it had 20,000 people on its counterterrorism radar.


Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: david reid
Keywords: news, cnbc, companies, osborne, britain, allowed, stateless, shamima, george, teen, begum, return, join, told, syria, isis, uk, think


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NASA chief Bridenstine talks SpaceX and Boeing, returning to the moon and life on Mars

However, Bridenstine says that this does not mean it is certain SpaceX will launch humans before Boeing. Bridenstine also set his expectation for NASA’s return, saying “the goal is to have the first human lander on the surface of the moon in 2024.” One reason is for the resources on its surface, which include “water ice” and rare Earth metals. We hear about ‘rare Earth metals’ – rare Earth metals are not Earth metals. “I’m here to say I think that the probability is going up that we could find l


However, Bridenstine says that this does not mean it is certain SpaceX will launch humans before Boeing. Bridenstine also set his expectation for NASA’s return, saying “the goal is to have the first human lander on the surface of the moon in 2024.” One reason is for the resources on its surface, which include “water ice” and rare Earth metals. We hear about ‘rare Earth metals’ – rare Earth metals are not Earth metals. “I’m here to say I think that the probability is going up that we could find l
NASA chief Bridenstine talks SpaceX and Boeing, returning to the moon and life on Mars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: michael sheetz
Keywords: news, cnbc, companies, talks, mars, returning, spacex, nasa, moon, boeing, nasas, going, bridenstine, return, life, metals, chief, earth, surface


NASA chief Bridenstine talks SpaceX and Boeing, returning to the moon and life on Mars

Similarly staggered in timing, SpaceX says its Demo-2 crewed flight will be in July, while Boeing is aiming for no earlier than August. However, Bridenstine says that this does not mean it is certain SpaceX will launch humans before Boeing.

“I think there is going to be less time between the uncrewed vehicle for Boeing and the crewed vehicle for Boeing, and longer time between SpaceX [capsule test flights] – which means, whoever gets to fly that first crew, we don’t know right now,” Bridenstine said.

A spokesman for Boeing said, “Both Starliner capsules that will fly this year are crew ready. During the uncrewed flight we will evaluate all test objectives except those that require a person in the capsule. Our flight with a crew depends on a successful uncrewed flight.”

Because Boeing is reusing its crew modules, the company expects the capsules will be essentially the same between the first test flight and the second. While the schedule has been delayed multiple times over the last several years, Bridenstine said he is “highly confident” that the U.S. will be launching “American astronauts from American soil on American-made rockets” by the end of 2019.

Shifting to NASA’s next human spaceflight ambition, Bridenstine addressed President Donald Trump’s declaration that the U.S. must return Americans to the surface of the moon and onward to Mars. NASA is announcing more of its plans for returning humans to the moon at a conference on Thursday, focusing on the spacecraft that will land on the surface. Bridenstine said NASA’s lunar plans are also “likely to be a public-private partnership” and explained more of his idea of who those customers will be.

“When I say many customers I mean there will be sovereign nations that have their own astronaut programs, and there is going to be space tourists as well, but we are going to be one customer of many customers in a robust commercial marketplace. Well what we are going to do now is we are going to take that model … and we are going to apply that to everything between the Earth and the moon so that we have a sustainable return to the moon.”

Bridenstine also set his expectation for NASA’s return, saying “the goal is to have the first human lander on the surface of the moon in 2024.”

Why return to the moon? One reason is for the resources on its surface, which include “water ice” and rare Earth metals. Bridenstine gave his case for the value those resources represent, which could be worth “tens of trillions of dollars,” he said.

“In 2009, NASA made a discovery, there are hundreds of billions of tons of water ice on the surface of the moon. What does that mean? That means you’ve got air to breathe: Oxygen. You’ve got water to drink: H2O. But you’ve also got rocket fuel on the surface of the moon. Hydrogen and oxygen, cracked into its component parts, put into cryogenic form, it’s the same rocket fuel that powered the space shuttles and its abundant on the surface of the moon. We also believe that there could be … a tremendous amount of value in precious metals on the surface of the moon. We hear about ‘rare Earth metals’ – rare Earth metals are not Earth metals. Platinum groups metals – these are metals that are impacts, asteroid impacts from space from billions of years ago.”

Finally, Bridenstine talked about the agency’s long-term ambition of putting astronauts on Mars, which he expects will happen sometime after 2030. He said Trump has not told him to get humans to Mars “whatever it takes,” although the president is “very interested” in accelerating NASA’s plans for the red planet. He believes there’s still a chance that of finding living organisms on Mars.

“I’m here to say I think that the probability is going up that we could find life on another world, namely Mars,” Bridenstine said. “That would be an amazing discovery and I think its important that the United States of America make that discovery.”


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: michael sheetz
Keywords: news, cnbc, companies, talks, mars, returning, spacex, nasa, moon, boeing, nasas, going, bridenstine, return, life, metals, chief, earth, surface


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Trump demands California return $3.5 billion in funds for state’s ‘disaster’ bullet train project

President Donald Trump late Wednesday demanded California return the $3.5 billion it received from the federal government for a “disaster” high-speed rail project. “California has been forced to cancel the massive bullet train project after having spent and wasted many billions of dollars,” Trump tweeted. The $77 billion bullet train project, a planned system linking San Francisco to Los Angeles, has faced cost overruns and delays. An audit last year faulted California’s High-Speed Rail Authorit


President Donald Trump late Wednesday demanded California return the $3.5 billion it received from the federal government for a “disaster” high-speed rail project. “California has been forced to cancel the massive bullet train project after having spent and wasted many billions of dollars,” Trump tweeted. The $77 billion bullet train project, a planned system linking San Francisco to Los Angeles, has faced cost overruns and delays. An audit last year faulted California’s High-Speed Rail Authorit
Trump demands California return $3.5 billion in funds for state’s ‘disaster’ bullet train project Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jeff daniels, jim young
Keywords: news, cnbc, companies, return, california, state, federal, disaster, bullet, project, funds, billion, trump, train, cost, states, demands, rail, valley, highspeed


Trump demands California return $3.5 billion in funds for state's 'disaster' bullet train project

President Donald Trump late Wednesday demanded California return the $3.5 billion it received from the federal government for a “disaster” high-speed rail project.

“California has been forced to cancel the massive bullet train project after having spent and wasted many billions of dollars,” Trump tweeted. “They owe the Federal Government three and a half billion dollars. We want that money back now. Whole project is a ‘green’ disaster!”

The $77 billion bullet train project, a planned system linking San Francisco to Los Angeles, has faced cost overruns and delays. California Gov. Gavin Newsom at his first state of the state address Tuesday announced a scale back of the high-speed rail project, saying the current plan “would cost too much and take too long.”

However, Newsom responded to Trump’s tweet Wednesday by calling it “fake news. We’re building high-speed rail, connecting the Central Valley and beyond.”

The Democratic governor also suggested in the tweet that Trump was “desperately searching” for some border wall money.

Newsom said Tuesday during his address at the State Capitol in Sacramento that he approved of going ahead with part of the high-speed rail link — a section between Merced and Bakersfield. He said the state can work toward connecting the Central Valley to other parts of California while also seeking more federal funding and private money.

A decade ago, California voters approved Proposition 1A, authorizing nearly $10 billion in bond money for the construction of the high-speed rail system expected to travel at speeds of up to 220 miles per hour. The state also was awarded about $3.5 billion in federal funds in 2010 to help with the project.

Construction on the 119-mile Central Valley segment of the fast-speed rail line began in 2013. The 520-mile rail system from the San Francisco Bay Area to LA wasn’t expected to begin operating until the 2030s.

Newsom acknowledged Tuesday that if the state abandoned the project, it could be forced to give back billions of dollars to the federal government.

“I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump,” Newsom said. “Nor am I interested in repeating the same old mistakes.”

An audit last year faulted California’s High-Speed Rail Authority for “flawed decision making and poor contract management.” A business plan released in early 2018 showed its projected baseline cost soared by up to 20 percent from two years earlier and indicated the cost could rise to nearly $100 billion.

The governor ordered “new transparency measures” on the rail project and said the state will “hold contractors and consultants accountable.”

Newsom, who took office Jan. 7, has been outspoken against Trump for everything from immigration to climate change. He has also blasted the Republican president for threatening to withhold federal funds to the state for wildfire relief.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jeff daniels, jim young
Keywords: news, cnbc, companies, return, california, state, federal, disaster, bullet, project, funds, billion, trump, train, cost, states, demands, rail, valley, highspeed


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Biggest holdings of Bill Ackman, who is doubling S&P 500’s return

Activist investor Bill Ackman’s Pershing Square Holdings is off to a strong start in 2019 thanks to some key new stakes and outperformance of prior investments. The hedge fund reported on Wednesday that its portfolio is up 24.7 percent this year, easily topping the S&P 500’s 9.7 percent return. This follows four-straight years of negative returns for his fund. According to the latest holdings, the fund’s biggest stakes include Restaurant Brands, Lowe’s, Chipotle, United Technologies and Automati


Activist investor Bill Ackman’s Pershing Square Holdings is off to a strong start in 2019 thanks to some key new stakes and outperformance of prior investments. The hedge fund reported on Wednesday that its portfolio is up 24.7 percent this year, easily topping the S&P 500’s 9.7 percent return. This follows four-straight years of negative returns for his fund. According to the latest holdings, the fund’s biggest stakes include Restaurant Brands, Lowe’s, Chipotle, United Technologies and Automati
Biggest holdings of Bill Ackman, who is doubling S&P 500’s return Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: thomas franck, adam jeffery
Keywords: news, cnbc, companies, strong, 500s, stakes, thanks, chipotle, doubling, return, biggest, technologies, fund, holdings, ackman, united, topping, bill, sp


Biggest holdings of Bill Ackman, who is doubling S&P 500's return

Activist investor Bill Ackman’s Pershing Square Holdings is off to a strong start in 2019 thanks to some key new stakes and outperformance of prior investments.

The hedge fund reported on Wednesday that its portfolio is up 24.7 percent this year, easily topping the S&P 500’s 9.7 percent return. This follows four-straight years of negative returns for his fund. According to the latest holdings, the fund’s biggest stakes include Restaurant Brands, Lowe’s, Chipotle, United Technologies and Automatic Data Processing.

In a presentation, Ackman noted that Chipotle, ADP and Starbucks were among the biggest boosters to the fund this year. He also discussed a smaller position in Hilton.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: thomas franck, adam jeffery
Keywords: news, cnbc, companies, strong, 500s, stakes, thanks, chipotle, doubling, return, biggest, technologies, fund, holdings, ackman, united, topping, bill, sp


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Here’s how to save thousands with credits and deductions on your 2018 tax return

If you’re trying to rush your tax return in to the IRS, be sure you don’t forget to take an inventory of these last-minute tax breaks. This season marks the first time taxpayers will submit their returns under the new Tax Cuts and Jobs Act. The law overhauled the tax system, doubling standard deductions, eliminating personal exemptions and limiting itemized deductions. In turn, some of those deductions – unreimbursed employee costs and tax prep costs, for instance – are no longer available. But


If you’re trying to rush your tax return in to the IRS, be sure you don’t forget to take an inventory of these last-minute tax breaks. This season marks the first time taxpayers will submit their returns under the new Tax Cuts and Jobs Act. The law overhauled the tax system, doubling standard deductions, eliminating personal exemptions and limiting itemized deductions. In turn, some of those deductions – unreimbursed employee costs and tax prep costs, for instance – are no longer available. But
Here’s how to save thousands with credits and deductions on your 2018 tax return Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: darla mercado, getty images, stan honda, afp, vstock llc, ariel skelley, greg ceo
Keywords: news, cnbc, companies, system, 2018, unreimbursed, heres, return, thousands, costs, trying, taxpayers, turn, tax, deductions, youre, save, sure, credits


Here's how to save thousands with credits and deductions on your 2018 tax return

If you’re trying to rush your tax return in to the IRS, be sure you don’t forget to take an inventory of these last-minute tax breaks.

This season marks the first time taxpayers will submit their returns under the new Tax Cuts and Jobs Act. The law overhauled the tax system, doubling standard deductions, eliminating personal exemptions and limiting itemized deductions.

In turn, some of those deductions – unreimbursed employee costs and tax prep costs, for instance – are no longer available.

But here are a few other breaks that you just might be able to claim.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: darla mercado, getty images, stan honda, afp, vstock llc, ariel skelley, greg ceo
Keywords: news, cnbc, companies, system, 2018, unreimbursed, heres, return, thousands, costs, trying, taxpayers, turn, tax, deductions, youre, save, sure, credits


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Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also


Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also
Chinese stocks jump after return from holidays; US-China trade talks set to resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week.

The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. It comes as both Washington and Beijing are attempting to strike a deal on trade before a key March deadline, following which additional tariffs will be slapped on Chinese imports to the U.S.

U.S. President Donald Trump also said Thursday he will not meet with Chinese President Xi Jinping before that deadline.

“The reality is that olive branches, rather than rose stalks, are the best that anyone (anchored to reality) may be looking for,” said Mizuho Bank in a morning note.

It pointed to “restraints” overhanging those talks.

“First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said.

“However, Trump has also categorically stated that there will be no US-China trade deal till he and President Xi have met. Therefore that is as good a guaranteeing that there will be no deal before the US-China truce expires.” That, the note said, not only “contradicts” Trump’s earlier tweets enthusing about a deal in the works, but also “begs the question” of whether that meant higher tariffs on Chinese imports.

One economist told CNBC that the “best case” outcome of the talks would be an “extension of the planned implementation” of the increase in tariffs.

“The problem that we have is that there’s a lot of complacency in the market about assuming that the best case actually happens,” David Mann, global chief economist at Standard Chartered Bank, told CNBC’s “Street Signs” on Monday. “Everyone’s assuming there will be no … further rises in tariffs this year,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


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Vanguard cuts expected return for stock market over the next decade

We’re at the high end of fair market value, says Vanguard chief investment officer 1 Hour Ago | 03:47The stock market won’t keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, Vanguard’s chief investment officer, Greg Davis, said. The historical average annualized return for the stock market, accounting for inflation, is about 7 percent. Davis sees earnings growth slowing to somewhere in the single digits this year, after last year’s


We’re at the high end of fair market value, says Vanguard chief investment officer 1 Hour Ago | 03:47The stock market won’t keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, Vanguard’s chief investment officer, Greg Davis, said. The historical average annualized return for the stock market, accounting for inflation, is about 7 percent. Davis sees earnings growth slowing to somewhere in the single digits this year, after last year’s
Vanguard cuts expected return for stock market over the next decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, sees, return, slowing, decade, cuts, rate, stock, save, expected, growth, vanguard, value, market, davis


Vanguard cuts expected return for stock market over the next decade

We’re at the high end of fair market value, says Vanguard chief investment officer 1 Hour Ago | 03:47

The stock market won’t keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, Vanguard’s chief investment officer, Greg Davis, said.

“If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5 percent median annualized return,” he told CNBC on Monday. “Five years ago, we’d have been somewhere in around 8 percent.”

“Our expectations have clearly come down,” Davis added. The historical average annualized return for the stock market, accounting for inflation, is about 7 percent.

The S&P 500 — which has soared about 15 percent since its Christmas Eve closing low, after three months of turmoil — is at the “high end of fair value,” Davis said on “Squawk Box” from the Inside ETFs Conference in Hollywood, Florida.

Davis sees earnings growth slowing to somewhere in the single digits this year, after last year’s much stronger rate. As for the economy, which is coming off what’s expected to be about a 3 percent growth rate for 2018, Davis sees U.S. gross domestic product rising around 2 percent this year.

With stock market returns slowing as earnings and economic growth cool off, Davis said Americans are going to need to save more and save for longer.

Vanguard, the mutual fund giant founded in Valley Forge, Pennsylvania, in 1975, has about $5.3 trillion in global assets under management, as of Sept. 30, 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, sees, return, slowing, decade, cuts, rate, stock, save, expected, growth, vanguard, value, market, davis


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About half of Americans don’t know what tax bracket they’re now in—here’s how to find out

The GOP tax bill, which was passed in December 2017, made some sweeping changes, including adjusting the income tax brackets. “More than one-quarter of Americans (28 percent) are unsure of what exactly changed with the passage of the Tax Cuts and Jobs Act of 2017,” NerdWallet reports in its 2019 Tax Study, “and about half (48 percent) don’t understand how it affects their tax bracket.” NerdWallet’s 2018 Tax Study found that an increasing share of Americans don’t know their income tax bracket at


The GOP tax bill, which was passed in December 2017, made some sweeping changes, including adjusting the income tax brackets. “More than one-quarter of Americans (28 percent) are unsure of what exactly changed with the passage of the Tax Cuts and Jobs Act of 2017,” NerdWallet reports in its 2019 Tax Study, “and about half (48 percent) don’t understand how it affects their tax bracket.” NerdWallet’s 2018 Tax Study found that an increasing share of Americans don’t know their income tax bracket at
About half of Americans don’t know what tax bracket they’re now in—here’s how to find out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: kathleen elkins
Keywords: news, cnbc, companies, tax, 2018, bracket, americans, return, 2019, relate, know, rates, theyre, study, inheres, income, half, brackets, dont


About half of Americans don't know what tax bracket they're now in—here's how to find out

The GOP tax bill, which was passed in December 2017, made some sweeping changes, including adjusting the income tax brackets. But many Americans are still confused about the new law and how it will affect them.

“More than one-quarter of Americans (28 percent) are unsure of what exactly changed with the passage of the Tax Cuts and Jobs Act of 2017,” NerdWallet reports in its 2019 Tax Study, “and about half (48 percent) don’t understand how it affects their tax bracket.”

NerdWallet’s 2018 Tax Study found that an increasing share of Americans don’t know their income tax bracket at all: 48 percent, compared to 40 percent in 2016.

While the new law maintains the seven-bracket system, Congress tweaked the rates and income levels at which they apply. The seven tax brackets used to be 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent. Those are the brackets that applied to the tax return you filed in 2018.

The new rates, which relate to the tax return you’ll file in 2019, are 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

NerdWallet broke down the 2018 and 2019 federal income tax brackets. Below are the 2018 brackets, which relate to the tax return you’re filing in 2019.

2018 tax brackets and rates for single filers


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: kathleen elkins
Keywords: news, cnbc, companies, tax, 2018, bracket, americans, return, 2019, relate, know, rates, theyre, study, inheres, income, half, brackets, dont


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Lloyd Blankfein hits back at senators over stock buybacks: ‘The money doesn’t vanish’

Former Goldman Sachs CEO Lloyd Blankfein weighed in on the debate raised this week by lawmakers who want to restrict companies from buying their stock. In a tweet Tuesday, Blankfein challenged the premise that corporate stock buybacks divert resources from workers and meaningful investments. Last year, more than $1 trillion of buybacks were announced by large companies, including Apple’s record-shattering $100 billion plan. “A company used to be encouraged to return money to shareholders when it


Former Goldman Sachs CEO Lloyd Blankfein weighed in on the debate raised this week by lawmakers who want to restrict companies from buying their stock. In a tweet Tuesday, Blankfein challenged the premise that corporate stock buybacks divert resources from workers and meaningful investments. Last year, more than $1 trillion of buybacks were announced by large companies, including Apple’s record-shattering $100 billion plan. “A company used to be encouraged to return money to shareholders when it
Lloyd Blankfein hits back at senators over stock buybacks: ‘The money doesn’t vanish’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: liz moyer, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, money, blankfein, end, workers, return, senators, hits, companies, doesnt, including, buybacks, goldman, stock, lloyd, vanish


Lloyd Blankfein hits back at senators over stock buybacks: 'The money doesn't vanish'

Former Goldman Sachs CEO Lloyd Blankfein weighed in on the debate raised this week by lawmakers who want to restrict companies from buying their stock.

In a tweet Tuesday, Blankfein challenged the premise that corporate stock buybacks divert resources from workers and meaningful investments. “The money doesn’t vanish,” he said. “It gets reinvested in higher growth businesses that boost the economy and jobs. Is that bad?”

Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Bernie Sanders, I-Vt., said in a New York Times op-ed on Sunday that they were going to introduce a bill that seeks to put preconditions on companies that want to buy their own stock, including that they pay workers at least $15 an hour and provide other benefits.

Last year, more than $1 trillion of buybacks were announced by large companies, including Apple’s record-shattering $100 billion plan. Critics say buybacks reward stock-owning executives by propping up share prices instead of using company cash to build the business, and are especially jarring in light of high-profile layoffs and plant closings last year.

But the counter-argument is that buying by companies last year helped support a market that was otherwise down 6 percent.

“A company used to be encouraged to return money to shareholders when it couldn’t reinvest in itself for a good return,” Blankfein said.

Blankfein retired as chairman of Goldman at the end of December after stepping down as CEO at the end of September.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: liz moyer, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, money, blankfein, end, workers, return, senators, hits, companies, doesnt, including, buybacks, goldman, stock, lloyd, vanish


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Take a look at the Boeing jet that may take you to your next business meeting at supersonic speeds

In November, the defense giant announced its experimental supersonic plane had entered production. Lockheed’s X-59 Quiet Supersonic Technology aircraft, which is designed to cruise at 55,000 feet and reach speeds of about 940 miles per hour, is expected to create a noise level akin to the sound of a car door closing. Current regulations ban commercial supersonic aircraft from operating over land. Read more: Lawmakers pave the way for the return of supersonic flightBut Lockheed Martin and NASA wa


In November, the defense giant announced its experimental supersonic plane had entered production. Lockheed’s X-59 Quiet Supersonic Technology aircraft, which is designed to cruise at 55,000 feet and reach speeds of about 940 miles per hour, is expected to create a noise level akin to the sound of a car door closing. Current regulations ban commercial supersonic aircraft from operating over land. Read more: Lawmakers pave the way for the return of supersonic flightBut Lockheed Martin and NASA wa
Take a look at the Boeing jet that may take you to your next business meeting at supersonic speeds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amanda macias, michael sheetz, source, lockheed martin
Keywords: news, cnbc, companies, routes, plane, look, nasa, supersonic, sound, jet, aircraft, technology, noise, regulations, business, speeds, meeting, return, boeing


Take a look at the Boeing jet that may take you to your next business meeting at supersonic speeds

Last year, NASA awarded Lockheed Martin a contract worth nearly $250 million to develop an aircraft capable of reaching supersonic speed without creating the deafening sonic boom that comes with breaking the sound barrier. In November, the defense giant announced its experimental supersonic plane had entered production.

Lockheed’s X-59 Quiet Supersonic Technology aircraft, which is designed to cruise at 55,000 feet and reach speeds of about 940 miles per hour, is expected to create a noise level akin to the sound of a car door closing.

Current regulations ban commercial supersonic aircraft from operating over land. New companies like Boom Supersonic are trying to make use of the technology for transoceanic routes, with backing from investors like Richard Branson and Japan Airlines.

Read more: Lawmakers pave the way for the return of supersonic flight

But Lockheed Martin and NASA want to advance the technology through noise reduction to overturn regulations. The new experimental plane is designed to return supersonic air travel to routes over land. The last such flight was by the Concorde in October 2003.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amanda macias, michael sheetz, source, lockheed martin
Keywords: news, cnbc, companies, routes, plane, look, nasa, supersonic, sound, jet, aircraft, technology, noise, regulations, business, speeds, meeting, return, boeing


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