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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

Tesla to Slash More Jobs in Effort to Lower Model 3 Price

Fri, Jan 18, 2019

Tesla is cutting its full-time workforce by 7% to help lower costs so it can sell the Model 3 sedan at a lower price. Shares fell 13%....

Two Snap Executives Pushed Out After Probe Into Inappropriate Relationship

Fri, Jan 18, 2019

Snap in recent weeks pushed out two senior executives after an investigation found that one of them had allegedly engaged in an inappropriate relationship with an outside contractor....

Drugmakers Raise Prices Amid Shortages, Recalls

Fri, Jan 18, 2019

The increases can mean higher costs for pharmacies and patients on what are generally cheaper generic drugs. Drugmakers say the price increases reflect higher costs they have incurred to help fill supply voids....

Foxconn Falls Short of Job-Creation Target in Wisconsin

Fri, Jan 18, 2019

Foxconn Technology Group, which is building a $10 billion plant in Wisconsin in exchange for nearly $4 billion in state and local incentives, fell short of the minimum number of jobs it was required to create in 2018 to claim tax credits, the company said. ...

CVS Health Settles Pricing Fight With Walmart

Fri, Jan 18, 2019

CVS Health and Walmart settled their fight over the cost of filling prescriptions, averting a threatened split ...

Utah Shows How Labor-Force Growth Fuels Economic Growth

Fri, Jan 18, 2019

Utah has had the fastest-expanding labor force of any U.S. state since January 2010—a key ingredient for economic growth and one that provides an example for the nation as a whole....

Shutdown, Trade Tensions Weigh on U.S. Households

Fri, Jan 18, 2019

An index of U.S. consumer sentiment fell to its lowest level in more than two years in January, amid worries about the government shutdown, trade tensions, volatile markets and a cooling global economy....

Trump Administration Sets Final Rules for New Business Tax Deduction

Fri, Jan 18, 2019

The Trump administration set final rules for a new deduction that will provide significant savings for many business owners, providing more clarity for real-estate owners and service-industry businesses. ...

Labor Secretary Acosta Says $15 Minimum Wage Would Kill Jobs

Fri, Jan 18, 2019

Labor Secretary Alexander Acosta said Thursday that more than doubling the federal minimum wage would result in a loss of jobs in the U.S....

The Public Face of Huawei's Global Fight

Sat, Jan 19, 2019

Meng Wanzhou, Huawei’s finance chief and daughter of its founder, helped lead the company’s effort to improve its image. With her arrest, she’s caught up in one of the probes ensnaring the company around the world...