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Finance news you need to know today

WORLD FINANCE UPDATE: WASHINGTON — US factory activity surged to a 13-year high in September amid strong gains in new orders and raw material prices. LONDON — Britain’s Monarch Airlines has collapsed, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound. WASHINGTON — The US Supreme

Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions

The Trump administration on Wednesday proposed the most sweeping changes to the federal tax code in decades, outlining a framework that would cut individual and corporate taxes, eliminate widely used exemptions and deductions and tilt the United States closer to the type of tax system embraced by other industrialized nations. But the framework leaves many

Your airliner may be flying electric within a decade

The auto industry is going electric. Is aviation next? Major European carrier EasyJet announced Wednesday that it is teaming up with U.S. startup Wright Electric to build an all-electric airliner. The aircraft they have in mind would handle short routes of 335 miles or less — think New York to Boston or London to Paris.