Category: Business News

Alibaba vs Amazon: The race to $500 billion

Amazon has had a good year, but Alibaba has had an even better one – and it’s now within striking distance of surpassing Amazon as world’s biggest ecommerce company by market cap. Amazon (AMZN)...

Congress considers changing 401(k) rules

Republicans are finally making moves on tax reform. And the effort could affect your retirement. After failing to repeal Obamacare, taxes have become a prime target for President Trump and are currently his “highest focus,”...

The US is losing money on each penny produced

Governments have long waged a war on cash in an attempt to curb terrorism and tax evasion. Their focus has typically been on eliminating large denominations, like Europe’s €500 bill or India’s 1,000 rupee note. Two US lawmakers have a much...