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  • 83% of small business owners do not understand impact of the new tax law: Poll

    And over 90% feel the government didn’t do enough to prepare small businesses for the changes.

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  • Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand
    News
    CNBC.com12 hours ago

    Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand

    Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's

  • 1 in 3 workers can’t answer this question about their retirement savings
    News
    CNBC.com11 hours ago

    1 in 3 workers can’t answer this question about their retirement savings

    Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think

  • Finance
    InvestorPlace7 hours ago

    Buy Freeport-McMoRan Inc on the Post-Earnings Dip

    From a logic-driven perspective, miner Freeport-McMoRan Inc (NYSE:FCX) should have done quite well last quarter. For the quarter ending in March, metal mining outfit Freeport-McMoRan turned $4.87 billion worth of revenue into earnings of 46 cents per share. The figures fell short of the 56 cents per share of FCX stock analysts were collectively expecting, and the top line of $4.93 billion they’d modeled.