Donald Trump and Mike Pence just struck a deal to keep about 1,100 jobs in Indiana. The President-Elect and Vice President-Elect have agreed to give $7 million in tax breaks to United Technologies Corp.,parent company of air conditioning and heating manufacturer Carrier, to keep Carrier from moving its plant from Indiana to Mexico. On the surface, that looks like a big political win for Trump. But what’s the catch? Is there a downside to this deal?
Read The Capitalist’s Take Here
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STARBUCKS CEO STEPS DOWN TO FOCUS ON HIGH-END COFFEE SHOPS
Starbucks CEO Howard Schultz is stepping down next year, the company announced on Thursday. Schultz will be replaced by Starbucks' president and COO, Kevin Johnson, effective April 3. Johnson has been a member of Starbucks' board of directors for seven years.
Read More at Business Insider Here
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TRUMP TAPS RETIRED MARINE GENERAL JAMES “MAD DOG” MATTIS FOR SECRETARY OF DEFENSE
President-elect Donald Trump has chosen retired Marine Gen. James N. Mattis to be secretary of defense, according to people familiar with the decision, selecting a former senior military officer who has said that responding to “political Islam” is the major security issue facing the United States..
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– Thursday, December 1st
Tech Lags as Dow Jumps, Nasdaq and S&P Dip
Big Insider Trades
– The Charles Schwab Corp. (SCHW) President Walter Bettinger Sells Another $7.75m
– SunOpta, Inc. (STKL) Director Albert Bolles Buys $300k