Archive for November 3rd, 2017

Do I think the stock market is about to crash? 

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The president just announced his pick to chair the Federal Reserve System. Subject to Senate confirmation, current Fed governor Jerome Jay Powell will succeed Janet Yellen as Fed chair in February 2018. Market reaction to this announcement has been sanguine, with commentators describing Powell as the continuity candidate.
It is perhaps strange that Powell should be so-described, when Janet Yellen was still in the running for a second term until very recently. The point, though, is that Powells views are much closer to Yellens than the other candidates interviewed by the…

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The House Republican tax bill intensified a debate about whether the GOP is setting up a big giveaway to the rich, but there is a broader policy shift in the proposal: What matters isn’t just how rich you are, but how you are rich.

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Republicans remember them fondly, but those cuts hiked the deficit, favored the rich and led to unpleasant surprises

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<p>The state is warming nearly twice as fast as the rest of the United States. The permafrost, a layer of frozen soil beneath 85 percent of it, is thawing, causing homes to sink and roads to buckle.</p>

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Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker.

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The latest cost-of-living adjustment is the highest in six years, but retirees may not see much of a true increase.

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House Republicans say they’re determined to simplify the U.S. tax code. A long-awaited provision in the massive tax bill they unveiled Thursday, a special rate for “pass-through” businesses, could do the opposite.

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The GOP tax plan includes a hefty break for many small businesses — but you'll have to pay attention to the details

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Sears’s descent continues. The company announced on Thursday that it plans to close more Sears and Kmart stores around the country.

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Sears’s descent continues. The company announced on Thursday that it plans to close more Sears and Kmart stores around the country.

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The latest cost-of-living adjustment is the highest in six years, but retirees may not see much of a true increase.

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President Trump’s presumed pick to run the Federal Reserve has a hole in his resume: he’s not a trained economist. How he handles any doubts about his pedigree will be the story of his tenure at the helm of the powerful central bank.

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President Trump’s presumed pick to run the Federal Reserve has a hole in his resume: he’s not a trained economist. How he handles any doubts about his pedigree will be the story of his tenure at the helm of the powerful central bank.

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President Donald Trump and the House GOP unveiled a massive tax-reform bill on Thursday.

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