Adam Allington

U.S. Treasury Secretary Steven Mnuchin said the administration is hoping to pass major tax reform legislation before Congress leaves for its August recess. President Donald Trump has set ambitious goals of economic growth of 3 percent or higher, rates not seen in over a decade. Mnuchin said the administration will achieve this through a combination […]

Snap, the parent company of the social network Snapchat, laid out a preliminary valuation for its highly anticipated IPO today in a regulatory filing with the Securities and Exchange Commission. The maker of the disappearing-photo application puts its market value in the range of $16 billion to $18.5 billion. This is down considerably from the […]

As Wendy’s releases its earnings, we take a look at the fast food chain’s hunt for a tastier chicken. The company is prepared to spend $30 million on smaller chickens in hopes they’ll provide more tender, less rubbery meat. Turns out, quality is an important consideration for legacy fast food companies, as they try to […]

Linda McMahon, the former CEO of World Wrestling Entertainment, or WWE, and President Donald Trump’s pick for head of the Small Business Administration, will sit for her Senate confirmation hearing today. The Trump administration has pledged to be pro-small business, lightening the regulatory burden to encourage entrepreneurship and job creation. What will that mean going forward? […]

Or is he just defending his daughter?

General Motors has announced record earnings of $12.5 billion last year. The company’s 52,000 hourly workers will take home profit-sharing checks of as much as $12,000. It’s an impressive feat, considering where the company was less than a decade ago. But the car company is not resting on its laurels.

The number of victims of identity fraud is higher than at any point in more than a decade. That’s despite new security measures, including those new credit card chips. The number of cases rose 16 percent to nearly 15.5 million consumers, according to a report by Javelin Research and Strategy. Weren’t those chips supposed to […]

After launching less than a year ago, Wal-Mart is ending ShippingPass, a membership program meant to compete with Amazon Prime. In its place, Wal-Mart will now offer two-day free shipping on purchases over $35. But the company will have a lot of ground to make up as Amazon branches out into markets beyond retail. Click […]

With the U.S. withdrawing from the TPP, what will China do?