Perhaps in some distant future history textbook looking back on our time, the year 2016 will be remembered and classified as the one where central banks surrendered. There will not be, like Ghent or Versailles, a formal declaration of reality, rather what is going on is the quiet sort of resignation that is some parts trying to make sense of everything gone wrong, while others tend to full CYA mode. Make no mistake, however, in their literature, discussions, and even policy settings it is there. The latest was the ECB’s “shock” decision yesterday to preannounce a taper to its QE. From a…

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If Donald Trump is serious about cracking down on drug prices, as he told Time Magazine, then he could start by beefing up Medicare’s bargaining clout in negotiating their bulk purchases of prescription drugs.

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<p>Stocks closed higher Thursday, notching new highs again as a post-election rally continued after a key monetary policy announcement from the European Central Bank.</p><p></p>

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<p>U.S. equities alternated between gains and losses on Thursday, but notch fresh record highs, following the European Central Bank's decision to keep interest rates unchanged.</p>

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The ECB announced it would extend its asset purchases from April through December next year, but at a modestly slower pace of 60 bln euros rather than 80 bln euros.
We had been expected a six-month extension but without tapering. This would have added 480 bln euros and instead what the ECB will buy is 540 bln euros. The ECB will also expand the range of maturities it buys and will allow the purchases of instruments are yielding less than the minus 40 bp deposit rate.
The end date remains soft in the sense that asset purchases will continue until the Governing Council sees a substantial…

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In a year when its rivals are rushing into e-commerce, the warehouse retailer has been particularly hesitant.

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Donald Trump uses a web of privately held LLCs and other entities to house his assets—everything from real estate to a vintage carousel in Manhattan’s Central Park—making it impossible to gauge the full extent of potential conflicts he may face as president.

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Ignore the naysayers: People of moderate means really can leverage their dollars to build wealth. Some of the most effective tactics don't cost a dime.

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<p>U.S. equities alternated between gains and losses on Thursday, but notch fresh record highs, following the European Central Bank's decision to keep interest rates unchanged.</p>

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<p>U.S. equities traded slightly higher on Thursday, notching fresh record highs, following the European Central Bank's decision to keep interest rates unchanged.</p>

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<p></p><p>U.S. equities kicked off Thursday trading along the flatline following the European Central Bank's decision to keep interest rates unchanged.</p>

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Wall Street widely expected dying Sears to deliver another awful quarter on Thursday, but what was received bordered on terrifying for the one-time icon of the retail landscape. The struggling owner of Sears and Kmart…

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Upon taking office, President-Elect Trump has pledged to rescind executive orders issued by President Obama. Interestingly enough, a nearly forgotten 2011 Executive Order issued by President Obama set forth principles for independent agencies to actually reduce regulatory burdens. Now that is one order worth reviving, not rescinding.In 2017, the Federal Communications Commission (FCC) should apply Executive Order 13579 and clear away old regulations, freeing up innovation and investment next-generation broadband services. A decades-long pileup of regulations is bogging down the future of…

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This year’s presidential campaign divided America more starkly than ever but exposed common ground on anxiety about globalization. President-elect Trump campaigned on a troubling reversal of U.S. trade policy. To prevent the potentially disastrous consequences of this, policymakers and private sector leaders need to figure out how U.S. companies and workers can more fully benefit from trade and restore the public’s faith in participation in the global marketplace.
Amid the ruins of World War II 70 years ago, the United States spearheaded the creation of today’s global trading. The expansion…

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<p>Stocks closed sharply higher Wednesday as the Dow and S&amp;P hit record highs, while investors awaited a monetary policy announcement from the European Central Bank.</p>

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