How the Trump administration could attack state laws it says stifle US economy
The Trump administration is hunting for state laws that drag down the US economy. But axing statutes it sees as problematic will depend on how it wields the Constitution’s powerful Commerce Clause.
Last Friday, the Justice Department and the National Economic Council announced a joint initiative to “address” state statutes that “significantly and adversely affect the national economy.” State regulations,
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Read MoreThe US housing market's historic slump could send inflation plummeting in the coming year
Inflation could be about to see a big drop, even with tariffs still looming over the economy.
The US housing market will be a big driver of headline disinflation, according to Rosenberg Research, which foresees a major drop in home prices that could drag the pace of inflation close to 1% — well below the Fed’s 2% price growth target.
Read MoreUncertainty persists despite EU-US trade deal, says ECB’s Lagarde
BERLIN – The US-EU trade deal has eased but “certainly not eliminated” global uncertainty, European Central Bank (ECB) president Christine Lagarde said on Aug 20.
Speaking at a panel at the World Economic Forum in Geneva, Ms Lagarde said the deal had left the effective US tariff rate for EU goods at between 12 and 16 per cent.
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Read MoreDonald Trump calls on Federal Reserve governor Lisa Cook to resign
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Read MoreOpinion | Trump's war on statistics risks leaving us all in the dark
In Donald Trump’s first term, he infamously used a black Sharpie to alter a hurricane forecast to support his claim that Alabama would be affected by the storm. It was not.
In his second term, he’s taking a black Sharpie to reality itself.
No longer held back by responsible advisers or members of Congress with any backbone,
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Read MoreThe Burst
The Market Just Flashed a Rare Signal
Buying great companies regularly and keeping a cool head has proven to be a time-tested winning formula in the markets.
That said, every now and then, it’s worth paying attention when a technical signal with a track record like this flashes green.
Last week, the market delivered something truly rare: the triggering of the Zweig Breadth Thrust.
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Read MoreThe Ivy
Could This Quantum Stock Make You a Millionaire?
If you’ve been looking for life-changing returns in the stock market, D-Wave Quantum (NYSE: QBTS) might have already caught your eye. After all, the stock is up an eye-watering 103% so far this year. But while those gains might set off a rush of FOMO, there’s a catch because this stock moves fast, and not always in the direction you’d hope.
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Read MoreThe Spotlight
Will Costco Finally Split Its Sky High Stock?
Costco’s stock price has experienced enormous growth over the last few years. At the beginning of 2020, you could purchase a share for a little less than $300. Today, shares trade for closer to $1,000.
Not surprisingly, this growth has encouraged a lot of analysts to speculate about when Costco will split its shares.
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