Archive for October 5th, 2017

Hurricanes Harvey and Irma may have wiped as many as 125,000 jobs from the September employment report.

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President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and along the Eastern Seaboard.

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From Friday, August 11, through Friday, September 1, this year, the equivalent yield on the 4-week US Treasury bill was calculated to be less than 1% in each trading day during that time. There is, of course, no single 4-week Treasury bill, and they dont pay any interest. You buy them at a discount and redeem them at par on maturity. The difference in the discounted price and par is the equivalent yield, blended among the several bill CUSIPs that make up the 4-week constant maturity proxy.
There really isnt any reason for bill yields to trade less than 1%, however. The Federal…

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Commerce Secretary Wilbur Ross claims that the amount of U.S content in goods from Mexico and Canada has declined since NAFTA went into effect. Time for a fact check: U.S content in goods from its two NAFTA partners has actually more than doubled, because overall trade in goods among the three countries has increased so dramatically. There are more manufacturing components going back and forth among the three countries and the actual volume produced in the United States is greater than ever.
Its true that the percentage of U.S. value-added in the goods the United States imports from…

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Few Americans last doing the backbreaking work for $14 an hour. For some migrant workers, it’s an opportunity to give their families something better.

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A lawsuit accuses the cruise ship operator of putting passengers awaiting departure in Houston in harm's way

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Workers with employer-sponsored insurance have seen their deductibles and other out-of-pocket expenses rise at a rate far outpacing increases in wages over the past decade, according to a new analysis from the Kaiser Family Foundation. 

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<p>U.S. stocks hit record highs on Thursday as the S&amp;P 500 tried to complete its longest winning streak in 20 years.</p>

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Netflix is raising the price for its most popular U.S. video streaming plan by 10 percent— a move that could boost its profits but slow the subscriber growth that drives its stock price. The change announced Thursday affects most of Netflix's 53 million U.S. subscribers. WHAT GOES UP Netflix will now charge $11…

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The Amazon chief owns multiple properties, including a more than 300,000-acre Texas ranch. In choosing a site for the company’s second headquarters, known as HQ2, will he seek a spot close to home?

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<p>U.S. stocks opened higher on Thursday as the S&amp;P 500 tried to complete its longest winning streak in 20 years.</p>

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<p>U.S. stock index futures pointed to a slightly higher open Thursday, as investors look to key data releases and speeches by the U.S. Federal Reserve.</p>

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The Trump administration has vowed to take a fresh look at a wide range of protectionist powers to help American companies. Whirlpool is testing that resolve, seeking to revive a long-dormant trade weapon to fend off foreign-made washing machines. One question: Will consumers be better off, or worse?

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Republicans are focused on cutting taxes instead of deficits as they look to power a $4.1 billion budget plan through the House on Thursday.

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