|
The S&P 500 index narrowly missed a fresh record close Wednesday and the Dow Jones Industrial Average finished with strong gains after the Federal Reserve's decision to deliver a final quarter-point rate cut for 2025, which gave investors optimism that equities can keep climbing through year-end.
|
|
Tax-rebate checks are expected to arrive in the second quarter for consumers, but the bulk of relief from Trump's One Big Beautiful Bill Act is geared toward businesses
|
|
The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut.
|
|
Three members of the Federal Open Market Committee didn't agree with the central bank's quarter percentage point cut on Wednesday.
|
|
Steve Cohen's message to Mets fans after losing Pete Alonso and Edwin Diaz New York PostSources: O's, Alonso finalizing 5-year, $155M deal ESPNThere is no sugarcoating Pete Alonso's bittersweet Mets ending New York PostThe Mets' core is no more. And now their front office needs to deliver - The Athletic The New York Times
|
|
A 50-year mortgage is a poor solution to America's housing crisis. What's needed are more homes.
|
|
The Federal Reserve on Wednesday made its final final interest rate move of the year.
|
|
Tourists from 42 countries will have to submit 5 years of social media history to enter U.S. under Trump plan CBS NewsU.S. Plans to Scrutinize 5 Years of Social Media History for Foreign Tourists The New York TimesUS could ask foreign tourists for five-year social media history before entry BBCUS to require social media disclosure for visa-waiver requests Financial Times
|
|
It's the third cut this year, but officials are split over whether they've gone too far or not far enough.
|
|
Main image:
WHAT are Republican lawmakers in politics to achieve? Not many years ago, at the peak of their outrage over Barack Obama''s economic stimulus package, 'balanced budgets' might have featured in the answer. But the frenzied passage of the Tax Cuts and Jobs Act through Congress has revealed the insincerity of the party''s fiscal moralising. Republicans in Congress do not oppose government borrowing when it suits them. Rather, the overarching policy objective that unifies them is cutting taxes—and damn the fiscal consequences. Following the passage of the tax bill through the Senate in the early hours of December 2nd, Republicans are on the brink of achieving their goal.On November 30th budget scorekeepers unveiled a forecast for how much extra economic growth the tax bill might spark: enough to pay for about one third of its $1.5trn cost. Previously, Republicans might have viewed this projection as a triumph. They have long pressed for budget forecasts to include such 'dynamic' effects (see blog). But the score briefly seemed to imperil the bill. It undermined the absurd claim, made by the Republican leadership and the Trump administration, that tax cuts would pay for themselves in full. No serious economist ever thought this credible. Yet the official score seemed to blow Republicans'' ...
|
|
