Economy

Donald Trump’s billionaire cabinet and anti regulatory agenda could cost the US economy billions and exacerbate income inequality

Donald Trump stance on climate protections and regulations could result in billions of dollars in economic losses Donald Trump has said that he wants to do away with a myriad of climate protections and regulations, but doing so will actually…
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Bank of America CEO Brian Moynihan sees banks benefiting from faster growth

  • December 6, 2016
Rising interest rates and the incoming administration's pro-growth policies will help major financial institutions in the coming years, Bank of America Chairman and CEO Brian said on Tuesday. "Faster growth, that's good for Bank of America. Higher interest rate structure, that's good for Bank of America," Moynihan said in a…
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Intensified protests pushes US to plan re-routing Dakota pipeline

  • December 6, 2016
  Cannon Ball (United States) (AFP) - The US Army Corps of Engineers nixed plans for a controversial oil pipeline crossing in North Dakota, a major victory for Native Americans and environmentalists who had staged months of protests. The pipeline had been set to cross under the Missouri River and…
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Bigger trade deficit suggests trade will drag on growth

  • December 6, 2016
The U.S. trade deficit increased in October as exports fell amid declining shipments of soybeans and other goods, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday that the trade gap widened 17.8 percent to $42.6 billion. September's trade deficit…
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US productivity growth rebounds sharply to best level in two years

  • December 6, 2016
U.S. worker productivity rebounded sharply in the third quarter as initially estimated, marking its quickest pace of growth in two years, but the trend remained weak. The Labor Department said on Tuesday that non-farm productivity, which measures hourly output per worker, rose at an unrevised 3.1 percent annual rate. The…
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WORLD CURRENCY NOTES

It looks like the dollar won’t be catching the euro quite yet

  • December 6, 2016
The euro looks set to put a pause its post-U.S. election drop. "If the [euro] doesn't sell off on bad news, I think it's telling us something. I think it's going to correct higher," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. The euro was near…
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Trump effect: That house you want got $16,000 more expensive since he won

  • December 6, 2016
The sharp jump in mortgage interest rates following the November election is not only holding on but gaining. Add that to an already uneven housing recovery, and the resulting numbers are staggering. Housing affordability was already weakening, thanks to fast-rising home prices, which has made it the least affordable time…
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Italy’s pain has turned into even more gains for US banks

  • December 6, 2016
For how tumultuous of a year it's been for business and politics, it's somehow fitting that 2016 should end with Americans banks sitting pretty as an oasis of stability. After an explosive move higher during November, U.S. banks got another boost Monday from the "no" vote in the weekend's Italian…
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Could American Eagle Outfitters be headed to its downfall?

  • December 2, 2016
  Market chain loosing appeal Recent market analysis shows  the American Eagle Outfitters (AEO) is loosing its appeal among teens and the young generation. Its touch has degraded by 12.43% among this category of customers. Its due to this trend that its shares dropped by as much as 15% on Wednesday…
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Climate Scientist warn Donald Trump

  • December 1, 2016
An open letter signed by America’s top minds hopes to counter the influence of climate change deniers and oil execs.   More than 2,300 scientists, including 22 Nobel Prize recipients, have a warning for Donald Trump: Respect science or prepare for a fight. In an open letter Wednesday to the…
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People line up to get their Black Friday shopping deals - Friday, Nov. 27, 2009. AP Photo by Barry Gutierrez

US Economy To Receive Boost From Black Friday Sales

  • November 26, 2016
US Economy To Receive Boost From Black Friday Sales There is an anticipated upward soar of the economy as Black Friday kicks off. Over this weekend millions of dollars are going to be spent as the shopping spree commences. Millions of bucks are being spent over the internet with giant…
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Republican presidential candidate, businessman Donald Trump stands during the Fox Business Network Republican presidential debate at the North Charleston Coliseum, Thursday, Jan. 14, 2016, in North Charleston, S.C. (AP Photo/Chuck Burton)

Markets are shocked by Trump

  • November 15, 2016
U.S. stocks opened higher on Monday, with the Dow Jones Industrial Average hitting a record high, as Donald Trump's victory in the U.S. presidential election continued to lift the market. Dow Jones Industrial Futures fell 500 points — or 3 percent — Tuesday night, reflecting an uncertain mood regarding the…
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Why progressives shouldn’t support the minimum wage

  • May 2, 2016
Many progressives believe that the minimum wage is the best way to ensure that employers pay their employees fairly. Many progressives also believe that a high minimum wage also helps to raise poor workers out of poverty, because it supposedly gives them more disposable income. However progressives then neglect the…
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