Archive for January 4th, 2018

Billionaire investor pens a piece for Time magazine explaining what’s wrong with America’s economic system.

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Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake

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Market veterans say that stocks are overvalued and that a downturn is overdue. The question is how messy it will be, and how investors should prepare.

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The Dow’s latest milestone is likely to attract more attention to what had previously been described as the most-despised bull market in history.

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The International Monetary Fund was created as part of the Bretton Woods global monetary framework. Its primary task was to aid in keeping a stable global reserve currency regime. Once the gold exchange paradigm had fully collapsed in August 1971, the IMF was left somewhat twisting in the wind. It had in many ways lost its original mandate, even a clear reason for its existence. Floating currencies, many believed, made the institution obsolete.
The IMF had anticipated its precarious future position. In 1969, the Fund devised the Special Drawing Right (SDR) as a possible replacement for the…

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<p>The Dow ended above 25,000 for the first time Thursday, marking the fastest 1,000-point move in its history, after the release of stronger-than-expected jobs data.</p>

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<p>64 Kmart stores and 39 Sears stores are expected to close between early March and April.</p>

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Striving to fulfill a campaign promise, the Trump administration on Thursday proposed regulations to facilitate the interstate sale of health insurance policies that cost less but may not cover as much.

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WASHINGTON (AP) If President Donald Trump and his Republican allies are right, the $1.5 trillion tax cut plan they sped into law last month will make individuals and businesses more prosperous. Paychecks will grow. Stocks will surge further. Consumers will spend more. The economy will accelerate.
Critics counter that the tax plan will mainly enrich the already wealthy and swell corporate profits while leaving most ordinary households with comparatively modest tax cuts and, eventually, tax hikes.
So how best to judge whos right?
As soon as summer, it may become clear whether the tax…

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<p>The Dow broke above 25,000 for the first time Thursday, marking the fastest 1,000-point move in its history, after the release of stronger-than-expected jobs data.</p>

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<p>Macy's is planning 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for physical retail.</p>

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U.S. financial firms plan to expand a secretive project protecting bank accounts against crippling cyber attacks so that it will also guard trillions of dollars in investment funds.

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<p>U.S. stocks opened higher on Thursday following the release of stronger-than-expected jobs data.</p>

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Exports have staunched the bleeding, but barely. President Donald Trump came into office making extravagant promises to coal miners.&nbsp;

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Many nonbank lenders want the ability to use a credit score provided by a company owned by credit-reporting giants Equifax, Experian and TransUnion.

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