Lawmakers are severely curtailing the "stretch IRA," a strategy allowing wealthy Americans to leave sizable inheritances to beneficiaries who can then tap those assets for decades.
The U.S. House of Representatives is set to approve a rewritten North American trade deal on Thursday that includes tougher labor and automotive content rules than its predecessor, but leaves $1.2 trillion in U.S.-Mexico-Canada trade flows largely unchanged.
With the Senate's approval on Thursday of a 2020 spending bill that includes the bipartisan Secure Act, big changes to the nation's retirement system are on their way.
Apple Inc executives met James Bond franchise-owner MGM Holdings Inc and the collegiate athletic conference Pac-12 earlier this year as part of its efforts to boost the Apple TV service, the Wall Street Journal reported https://on.wsj.com/2PEGhH7 on Thursday.
Wells Fargo's board of directors will be called to testify before Congress about the bank's numerous scandals sometime in 2020, a senior U.S. House lawmaker told Reuters Thursday.
Wall Street's major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January.
Oil prices reached the highest level in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day's news that U.S. crude inventories declined and as U.S.-China trade tensions continued to ease.
U.S. companies' borrowings for capital investments fell about 3% in November from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday.
The dollar was stalled on Thursday a day ahead of the release of U.S. gross domestic product data, little moved by weak factory activity data or President Donald Trump's impeachment.
The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Semiconductor company Mellanox Technologies has received approval from EU antitrust and Mexico for its proposed acquisition by chipmaker Nvidia for $6.8 billion, a regulatory filing showed on Thursday.
Mexican Foreign Minister Marcelo Ebrard said on Thursday that a new North American trade deal will start a new phase of investment and growth for Mexico, ending a period of uncertainty.
Nike Inc's quarterly revenue and profit beat Wall Street expectations on Thursday, but lower-than-expected sales in North America, its biggest market, sent shares down about 2% after the closing bell.
A federal judge on Thursday rejected Southwest Airlines Co's bid to dismiss a discrimination lawsuit by an American of Iraqi descent who was removed from a 2016 flight after another passenger heard him speak in Arabic and feared he might be a terrorist.
Global equity markets extended a year-end rally on Thursday that has pushed U.S. and world stock benchmarks to record highs, while bond yields in Europe rose after Sweden stopped five years of negative interest rates, signaling the end of a sub-zero era.