Ford Motor Co. announced Tuesday it has scrubbed plans to build a new $1.6 billion assembly plant in Mexico, a project that had been spotlighted by then-candidate Donald Trump, especially after Ford said it would move small car production from the U.S. into that new factory. But while the move is being hailed by some […]
Category: Market
Congress Puts Band-Aid On Farm Loan Crisis
The budget patch gives the Agriculture Department’s Farm Service Agency authority to meet the spike in loan demand by using future funding, according to U.S. Sen. Jerry Moran, a Kansas Republican who chairs an agricultural appropriations panel. There is no limit to how much the USDA can lend through April 28 – a victory for […]
Economist Warns Of Looming Stock Market Crash That Will Rival Great Depression
He’s a market watcher known for making bold calls spanning decades. Now, Harry Dent is arguing that the Trump rally is setting investors up for an inevitable stock market crash. Investors have embraced the prospect of President-elect Donald Trump’s victory by sending stocks on a tear to new record highs. Dent, however, thinks there’s trouble […]
Trump Tweets Tax Threats To Companies Planning To Move Out Of Country
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. …… without retribution or consequence, is WRONG! There […]
Record Highs For Stock Market On Black Friday
The S&P 500 and the Dow were poised to eke out enough gains to hit record highs on Black Friday, with the focus on retailers at the start of the crucial holiday shopping season. Trading volumes are expected to be relatively thin, with the stock market scheduled to close at 1 p.m. The market was […]
Globalization Has Hurt The American Laborer
The states that put Donald Trump over the top to win the presidential election were all hit incredibly hard by global competition in manufacturing. From 2000 to 2010, following China’s admission to the World Trade Organization, Ohio lost 368,000 manufacturing jobs, North Carolina lost 360,000 manufacturing jobs, Michigan lost 340,000, and Pennsylvania lost 314,000. While […]
Stock Market Soars Post Election, Corrections Coming
Donald Trump’s election has given a quick boost to stocks, with the Dow Jones industrial average touching all-time highs. Since markets closed Tuesday, the Dow and the S&P 500 are up about 3 percent — and that’s after coming back from the massive Tuesday night drop. Some market observers expect that boom to continue through […]
Stock Market Bounces Back After Initial Trump Election Drop
People celebrate during the call for Republican president-elect Donald Trump at his election night event at the New York Hilton Midtown on November 9, 2016 in New York City. at the New York Hilton Midtown in the early morning hours of Nov. 9, 2016 in New York City.(Photo: Joe Raedle, Getty Images) U.S. stocks were […]
Dow Soars After FBI Clears Clinton
Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton’s prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server. U.S. stocks on Monday racked up their biggest one-day percentage gain since March 1, while a volatility […]
John Stump, Wells Fargo, OUT as CEO Effective Immediately
John Stumpf, the chairman and CEO of Wells Fargo, is retiring effective immediately. Stumpf has recently come under fire for a scandal in which 2 million credit and debit card accounts were opened by bank employees without the knowledge of customers. His successor, Tim Sloan, is chief operating officer of the firm and has been […]
Bank of America warns of recession in mid 2017
There’s a chilling trend in the market, and it could wreak havoc on your portfolio, a top market watcher said. “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBC’s […]
EpiPen maker settles $465 million lawsuit
Sept. 21, 2016: Mylan CEO Heather Bresch holds up EpiPens while testifying on Capitol Hill in Washington, before the House Oversight Committee hearing on EpiPen price increases. (AP Photo/Pablo Martinez Monsivais, File) Drugmaker Mylan will pay $465 million to settle allegations that it overbilled Medicaid for its life-saving EpiPen, ending one of the controversies over […]