“That war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion,” Trump tweeted. “We cannot let this continue!” … [Read more...] about Steve Bannon Says ‘to Hell With Wall Street’ if It Doesn’t Like Trump’s China Trade War
Wall street
Wall Street to Trump: Lay off Amazon
It's a role reversal for Trump, whose corporate tax cuts and deregulation helped send stocks soaring after the 2016 election. The Dow spiked more than 8,000 points between Trump's election and late January of this year. It's down about 3,000 points since then. … [Read more...] about Wall Street to Trump: Lay off Amazon
As Tesla Fights to Make Profit, Wall Street Has Concerns
But now Wall Street is taking a more practical tone, increasingly questioning whether Musk can turn Tesla profitable as it burns through piles of cash and racks up debt. The company may ultimately be forced to sell new shares of its stock or take on more debt just to make it through the year. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns
Stock prices jumped when Trump announced his prescription drug plan — here’s what’s in it for Wall Street
Trump also promised to reduce consumers' out-of-pocket costs. He proposes to accomplish this by eliminating cost-sharing on generic drugs for low-income Medicare beneficiaries and for people who obtain drugs from certain hospitals and clinics through the340B program. Because these reforms are intended to insulate consumers from drug costs, they are likely to push prices up — not down — by spurring demand and eliminating any incentive to comparison shop. When consumers pay nothing for drugs at the point of sale, they will use more of them and won't care how much money insurers are spending. … [Read more...] about Stock prices jumped when Trump announced his prescription drug plan — here’s what’s in it for Wall Street
Congress Does Wall Street A Favor As Banks Post Record Profits
The 2010 Dodd-Frank financial reform law included a host of consumer protections and risk management rules that apply to all banks. But it applied tougher rules to the largest banks, since the failure of a large firm can have dire consequences for the broader economy. Banks with at least $50 billion in assets have to undergo frequent stress-testing by the Federal Reserve to determine whether they could withstand an unexpected financial shock. They must finance their operations with more capital and less borrowed money, and they have to keep more cash on hand. … [Read more...] about Congress Does Wall Street A Favor As Banks Post Record Profits
