FILE PHOTO: National flags of South Korea and Japan are displayed during a meeting between Komeito Party members and South Korean lawmakers at Komeito Party’s headquarters in Tokyo, Japan, July 31, 2019. REUTERS/Kim Kyung-Hoon/File Photo SEOUL (Reuters) – South Korea summoned Japan’s ambassador to protest a decision to remove Seoul’s fast-track export status, which took
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A pack of Marlboro brand cigarettes is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tobacco giants Philip Morris and Altria confirmed on Tuesday they were in merger talks, making one or multiple traders millions of dollars, according to trader and CNBC contributor Jon Najarian. Najarian highlighted unusual activity
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Risk. Getty Last week the Bureau of Labor Statistics (BLS) substantially altered the economic picture when it reported revised numbers of total jobs created over the last year. The revision was substantial—private-sector job creation had been overestimated by more than 500,000 jobs in 2018. The revision helps explain some odd phenomena—like wages not increasing rapidly when the
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Shutterstock Many securities traders incur significant tax bills on phantom income caused by “wash sale losses disallowed” on form 1099-Bs. Traders are often surprised because most brokers don’t report wash sale (WS) loss calculations during the year. In this blog post, learn how to deal with WS loss adjustments and how to avoid them in
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Airship announced today that it has acquired Apptimize, an A/B testing company whose customers include Glassdoor, HotelTonight and The Wall Street Journal. Formerly known as Urban Airship, the more concisely named Airship has built a platform for companies to manage their customer communication across SMS, push notifications, email, mobile wallets and more. It says that by
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Peloton, the well-funded maker of internet-connected stationary bikes and treadmills, has finally revealed documents for its upcoming initial public offering. The business previously submitted a confidential draft submission of its S-1 statement to the U.S. Securities and Exchange Commission in June. The New York-based company, which plans to raise $500 million in its Nasdaq offering,
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WeWork, now known as The We Company, announced this morning the acquisition of a rival co-working business, Spacious. The three-year-old, New York-based startup turns restaurants that sit empty during the day into co-working spaces, and is one of several niche co-working startups — like Convene, Knotel, Industrious, The Yard, The Wing and Alley, for example. Spacious
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Tesorio, a startup that helps businesses aggregate and analyze their cash flow data, today announced that it has raised a $10 million Series A round led by Seattle’s Madrona Venture Group. Existing investors First Round Capital, Floodgate, Y Combinator, Fathom Capital and Fuel Capital participated. This brings Tesorio’s total funding to $17 million. Madrona’s Hope
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Behind the wheel of the 2018 Kia Stinger GT1 Mack Hogan | CNBC Some consumers are turning off driver safety systems because the technologies are “annoying or bothersome,” an emerging problem for the auto industry, according to a study released Tuesday by J.D. Power. Automakers are spending significant capital on semi-autonomous and driver-assist systems that are
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