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Financial News of the Day

 

CEOs Salivate Over Trump's Tax-Cut Plans, Vague as They May Be

27-04-2017

CEOs Salivate Over Trump's Tax-Cut Plans, Vague as They May Be

Nothing gets Corporate America going like a tax-cut proposal. Chief executive officers are keeping their fingers crossed that the skeletal details offered up by President Donald Trump’s administration Wednesday will turn into a concrete proposal to slash the corporate tax rate to 15 percent from the current 35 percent. That would... Read more

The Long, Rough Ride Ahead for 'Made in America'

17-04-2017

The Long, Rough Ride Ahead for 'Made in America'

Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China. But it will be a long ride before it can stamp its products "Made in USA." The loss of nearly one out four U.S. factories in the... Read more

How Detroit Deadbeats Taught Tax Collectors That Threats Really Work

13-04-2017

How Detroit Deadbeats Taught Tax Collectors That Threats Really Work

Almost half of the city’s taxpayers have been ignoring the local income tax. For a while there, Detroit’s income tax might as well have been optional. About 400,000 people—residents and anyone working inside the city limits—are required to file a tax return to Detroit. Almost half of them weren’t doing so. Perhaps that explains, in part,... Read more

Wells Fargo clawing back millions more from former execs in accounts scandal

10-04-2017

Wells Fargo clawing back millions more from former execs in accounts scandal

Wells Fargo said Monday it is clawing back tens of millions in additional compensation from top former executives after an internal investigation of the bank's unauthorized accounts scandal found that the ex-leaders acted too slowly to investigate allegations of "improper and unethical behavior" in retail sales practices. The clawbacks are among... Read more

Market Extra: How Trump’s stock market r…

29-04-2017

President Donald Trump has reached a major milestone in his presidency: His 100th day in office.... Read more

Market Extra: Dow’s rally from election …

28-04-2017

Market Extra: Dow’s rally from election to Trump’s first 100 days is a postwar record

As President Donald Trump nears his 100th day in office on Saturday, the Dow Jones Industrial Average has booked the best performance in the postwar era under a first-term president when measured from Election Day... Read more

Film and TV writers: Here’s how to prepa…

28-04-2017

Film and TV writers: Here’s how to prepare financially for a strike

Film and TV industry workers are watching the clock tick, as a potential writers strike could begin as early as Monday. Planning now can help stave off the negative financial effects of a walkout. The... Read more

Jack Dorsey buys $9.5 million in Twitter…

28-04-2017

Jack Dorsey buys $9.5 million in Twitter stock while continuing to sell Square

Twitter Inc. stock jumped about 1% in late trading Friday after Chief Executive and co-founder Jack Dorsey tweeted that he had purchased more than 500,000 shares of the company.... Read more

No government shutdown for now: Trump si…

28-04-2017

Congress took the easy way out to keep the government open on the eve of President Donald Trump's 100th day in office, passing a weeklong stopgap spending bill Friday that amounted to more of a defeat for the president than a victory.Lawmakers cleared the measure... Read more

Trump believes US can hit 4 percent GDP …

28-04-2017

Trump believes US can hit 4 percent GDP growth 'over the next few years'

Jonathan Ernst | ReutersPresident Donald Trump holds a rally at the Kentucky Exposition Center in Louisville, Kentucky, U.S. March 20, 2017.President Donald Trump said on Friday that the United States should be able to boost gross domestic product growth far beyond its current levels over... Read more

This chart reveals economists may be ove…

28-04-2017

This chart reveals economists may be overestimating the 'Trump bump'

The index rises when economic reports, like jobs, retail sales and consumer confidence are better than expected. But it falls when the reports are not as good as projected, and it recently plunged into neutral after hitting the highest level of positive surprise in three... Read more

Canada shouldn't be able to 'change the …

28-04-2017

Canada shouldn't be able to "change the rules on [the U.S.] in the middle of the game," Tom Vilsack, current head of the U.S. Dairy Export Council, told CNBC. The former U.S. secretary of Agriculture was referring to a recent decision by Canada's dairy industry... Read more

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