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 […]
Category: Business
Top Republicans Unveil Plan To Drastically Cut Social Security And Medicare
WASHINGTON ― President-elect Donald Trump distinguished himself on the campaign trail as the rare Republican candidate promising not to cut Social Security and Medicare. But Republicans in Congress have other plans for the two popular social insurance programs ― and they are wasting no time rolling them out. Rep. Sam Johnson (R-Texas), chairman of the House […]
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 […]
Home energy storage as well as electric cars to be sold in Tesla shops
Tesla’s recent acquisition of Solar City mean the automaker’s retail stores are about to get a makeover. Tesla is perhaps best known for its electric cars, but the company has another prominent business as well. Its Tesla Energy division markets stationary lithium-ion battery packs for energy storage. Energy-storage systems can increase the utility of home solar arrays, […]
Single Parent Families Will Have Higher Taxes Under Trump Plan
President-elect Donald Trump’s proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families — including a majority of single-parent households — the opposite would occur: They’d pay more. Most married couples with three or more children would also pay higher taxes, an analysis by the nonpartisan Tax Policy Center […]
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 […]
Trump Possibly Using Presidency To Strong Arm Better Personal Business Deals
The Trump Organization spent months trying to drive off the culinary union from its Las Vegas hotel, losing one legal battle after another before a federal labor board. Soon Donald Trump’s company, which has refused to bargain with the union after housekeepers and other employees voted to join last December, could gain some leverage. As president, Trump will […]
Apple Exploring Options For Expanding US Manufacturing
NEW YORK — An iPhone “Designed in California” and made in the USA? It could happen soon. Apple asked Asian-based manufacturers Foxconn and Pegatron in June to explore the possibility of manufacturing the popular smartphone in the U.S., according to a report in financial magazine Nikkei Asian Review, citing unnamed people familiar with the matter. Foxconn agreed to look […]
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 […]
Megadonors lost $112 million on losing candidates in election
Ted Cruz was a frugal spender when he ran for president earlier this year. Four super PACs supporting the Republican senator from Texas raised $45 million. But after Cruz dropped out of the race in May, some of those donors got a lot of their money back. Energy investor Toby Neugebauer donated $10 million to […]
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 […]