Archive for October 27th, 2017

President Trump is likely to name a new Federal Reserve chair over the next few days. Speculation is focused on current Fed governor Jay Powell and Stanford economist John Taylor. The list may be larger. It could still include Janet Yellen or Kevin Warsh. Trump is soliciting opinions and advice from people in and outside government. We will see soon enough.
Unfortunately, so much of the conversation about a new Fed leader is focused on who will be the high-interest-rate hawk or the low-interest-rate dove. But thats not really the way we should be looking at it.
Heres a point no one has…

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Seniors tighten their belts in retirement, and that may not always be a good thing.

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A week ago, General Electric Co.’s new boss lamented the company’s “completely unacceptable” performance. Shareholders must be feeling the same way.

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President Donald Trump's goal of 3 percent growth has now been realized in two of the three quarters since he took office, and economists say the trend can keep going.

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<p>The coming week should be filled with high drama for markets as President Donald Trump is expected to name a new Fed chair, and Congress is set to unveil much-anticipated tax reform legislation.</p>

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The e-tailer delivered sales and operating income above the high end of management's guidance, and the holiday forecast points to another round of high-octane growth.

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It would be an understatement to state that the hurricane-battered Puerto Rican economy is at serious risk of entering an irreversible downward spiral. It would also be an understatement to say that the island is in urgent need of an IMF-style structural adjustment program to get its economy back on a sustainable growth path.
An important impediment to Puerto Rico getting an IMF-style adjustment program in place is that being a US territory rather than an independent country, it is not an IMF member and therefore would not qualify for IMF assistance. Worse yet, the islands…

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Jeff Bezos became the richest man in the world Friday morning, after adding nearly $7 billion to his wealth overnight.

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J.C. Penney Co. plunged as much as 29 percent after warning of a deeper-than-expected loss in the third quarter, bringing fresh woes to a department-store industry in turmoil.

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Ford, General Motors and Fiat Chrysler have revamped their businesses to enhance profitability and lay the foundation to develop high-tech models.

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CVS Health is in talks to buy Aetna for more than $66 billion as the drugstore giant scrambles to fortify itself against looming competition from Amazon amid a continuing reordering of the health-care industry.

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German, French, and Japanese stocks are all doing way better.&nbsp;

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And what you shouldn't do, too.

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CVS Health, the retail pharmacy giant, is in talks to purchase Aetna, one of the five large publicly-trade health insurance companies, according to a new report.&nbsp;

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Walmart is rolling out robots to 50 more stores. The robots go up and down the aisles, scanning for out-of-stock items, incorrect prices, and wrong or missing labels.

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