U.S. Senate Adopts Budget, Giving Momentum to Trump’s Tax-Cut Plans

The Senate adopted a fiscal 2018 budget resolution Thursday that House GOP leaders agreed to accept, a show of unity aimed at speeding consideration of President feuded with Kentucky’s Paul, who demanded a $43 billion cut to war spending levels allowed by the budget. "He’s always got a reason to vote

Typhoon Lan Poses a $35 Billion Threat to Japan in Worst Case

Typhoon Lan, which is forecast to strike near Tokyo early Monday morning, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia.Lan is about 1,169 miles (1,881 kilometers) south of Tokyo with top winds of almost 150 miles per

Dollar Gains, Treasuries Fall on U.S. Tax Hopes: Markets Wrap

Treasuries fell and the dollar climbed after the latest developments in Washington raised the chances for American tax cuts. Stocks in Asia halted a rally after global equities reached records during the week.The U.S. Senate adopted a fiscal 2018 budget resolution on Thursday that House GOP leaders agreed to accept.

Tesla Model 3 Reliability Likely to Be Average, Consumer Reports Says

Elon Musk is counting on to dramatically expand demand for his electric cars, according to Consumer Reports magazine.Consumer Reports made the prediction based on the amount of technology the Model 3 shares with the larger Model S sedan, which the magazine’s subscribers rated above average for the first time in

Trumps Business Empire Sends Court Into Uncharted Legal Terrain

Three well-dressed young men sat nervously across the boardroom table from Lord Alan Sugar, billionaire founder of the Amstrad electronics company. They’d made a hash of their assigned task: selling burgers on the street in London’s Brixton neighborhood.Lord Sugar pointed his index finger accusingly at the man in the center."Danny,

Ford to Take $267 Million Hit From Recall of F-Series Trucks

revealed this month to cut $14 billion in costs while pushing faster into self-driving and electric vehicles. The F-series mixed reviews. Crosstown rival value its self-driving and car-sharing businesses at as much as $30 billion.The F-Series recall involves about 1.1 million pickups in the U.S., plus 222,408 in Canada and

`Catastrophic’ Brexit Hit Awaits U.K. Film and TV, Lobby Group Says

Britain’s film and TV industry faces a potentially “catastrophic” loss of talent and skills with the threat of an end to free movement between the U.K. and the European Union, according to lobby group the Creative Industries Federation.Brexit is causing actors, directors and production workers specializing in a variety of areas such

This Is How a French Billionaire Retires

French billionaire Vincent Bollore plans to retire on Feb. 17, 2022, the 200th anniversary of his family-held Bollore Group. Before handing his far-flung empire to his children, the 65-year-old corporate raider has set himself one more task: creating a media giant close to home.He’s hitting obstacles on all fronts. Politicians,