Wall Street on Cloud Nine since Trump’s election

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever. Since President Donald Trump took office a year ago, the principal US stock indexes have gained by leaps and bounds, hitting a record string of records. “I have… Please follow and like us:

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Uninsured rate rose in Donald Trump’s first year: Gallup poll

An estimated 3.2 million Americans became uninsured during President Trump’s first year, Gallup said Tuesday in a survey that says rising premiums, declining competition in Obamacare markets and confusion over the GOP’s repeal plans drove the losses. The polling company said the uninsured rate stood at 12.2 percent at the end of last year, an increase… Please follow and like us:

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Tax hike or tax cut? CNBC’s misleading report on GOP’s tax reform

WASHINGTON, January 16, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a tax cut.” But according to the descriptive language in a recent CNBC assessment of the GOP… Please follow and like us:

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After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands Reversal

A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of cybersecurity concerns. But Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which… Please follow and like us:

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Russia Denounces US Senate Report on Meddling as ‘Unfounded’

Russia has denounced a U.S. Senate report which accuses the Kremlin of election meddling with the intent to undermine democracies, saying it is “unfounded” and damaging for relations between the two countries. U.S. Senate Democrats on Wednesday warned that Russian operations to undermine democracy extend far beyond U.S. elections and accused President Donald Trump of failing… Please follow and like us:

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Joe Arpaio to run for Senate in Arizona

Former Sheriff Joe Arpaio announced Tuesday he will run for Arizona’s Senate seat as an unabashedly pro-Trump candidate, fueling what was already one of the hottest races in the country. Mr. Arpaio confirmed his decision on Twitter, after breaking the news in an interview with the Washington Examiner. “I am running for the U.S. Senate from… Please follow and like us:

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Trump: ‘Great Thing for the World’ if Korean Talks Make Progress

U.S. President Donald Trump says he hopes the newly arranged talks between North and South Korea will go “beyond the Olympics” and promised the United States will take part “at the appropriate time.” Trump gave an unusual news conference Saturday from the Camp David presidential retreat, where he met with Republican lawmakers. Of the upcoming talks… Please follow and like us:

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Conservatives aren’t done with Steve Bannon yet

WASHINGTON — President Donald Trump on Wednesday repudiated his former chief strategist, saying Steve Bannon was never as influential as he claimed to be — but the far-right candidates who have long clamored for Bannon’s support aren’t willing to disavow him so quickly. In an explosive statement, the president suggested that Bannon had “lost his mind”… Please follow and like us:

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More Businesses Raise Wages, Give Bonuses in Wake of Tax Cuts

More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans’ tax reform bill. An email from House Speaker Paul Ryan’s press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have announced raises, bonuses, and other improvements for employees. In moves that may defuse efforts to… Please follow and like us:

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US Fed members divided over rate hikes in 2018

US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, a report showed Wednesday. The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third… Please follow and like us:

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House and Senate Should Reconcile Their Bills to Replace Dodd-Frank

In June, the House passed the Financial CHOICE Act, a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd-Frank law. Because the Republicans hold a slim majority in the Senate, passing such a comprehensive reform package is difficult, at best. Nonetheless, the Senate Banking, Housing, and Urban Affairs Committee, led by… Please follow and like us:

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Paul Krugman: Nobel Prize winner still pitching his discredited Krugmanomics

WASHINGTON, January 1, 2018: Trump Derangement Syndrome can make anyone, even Nobel Prize winners, sound stupid. The day after Trump won the nation’s 45th president, New York Times columnist and Nobel laureate Paul Krugman bold announcement was that the “disaster” of a Trump presidency was full of: “so many aspects that the economic ramifications are way… Please follow and like us:

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Netflix raises executive salaries, proving that ‘performance-based’ pay always was a sham

The big news Friday on the executive compensation front was that Netflix is converting some of its “performance-based” pay for its top executives to straight salaries, thanks to the recently-passed tax bill. But people may be taking the wrong lesson from the change. On the surface, it looks like the five executives covered by the change… Please follow and like us:

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9 things you’ll likely pay more for in 2018

With 2017 just about in our rear view, it’s a good time to remember that pretty much nothing stays static over an extended period. Prices are no exception. That’s why it’s important that we adjust our expectations (and our budget) for 2018. Unless you always buy in bulk and have loaded up gobs and gobs of… Please follow and like us:

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Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

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