20 April, 2017 by The TZ Newswire Staff Comments Off on Fear of recession will galvanize Republicans to move tax bill, former Fed official says
Fear of recession will galvanize Republicans to move tax bill, former Fed official says
Internal divisions among Republicans over tax legislation will disappear once lawmakers realize that inaction could spark a recession ahead of the 2018 midterm elections, former Federal Reserve governor Lawrence Lindsey said Thursday.
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20 April, 2017 by The TZ Newswire Staff Comments Off on Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments
Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments
In a day full of upside catalyst for the reflation trade including the strong TIPS auction, the speculation that the Obamacare repeal effort is back on track, and perhaps best of all the absence of hard data (today’s Philly Fed “soft data” was, well, quite soft), the dollar, the S&P and Treasury yields all rose, after Treasury Secretary Steven Mnuchin said that “we are close to bring forward major tax reform”, refuting speculation that it may be delayed into 2018.
20 April, 2017 by The TZ Newswire Staff Comments Off on Fate of Trump tax plan not tied to Obamacare repeal, Mnuchin says
Fate of Trump tax plan not tied to Obamacare repeal, Mnuchin says
The fate of the Trump tax package is not tied to the outcome of the debate in Congress on repealing and replacing Obamacare, Treasury Secretary Steven Mnuchin says.
20 April, 2017 by The TZ Newswire Staff Comments Off on Most Recent Manufacturing Index Is Down from Last Month
Most Recent Manufacturing Index Is Down from Last Month
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The latest Manufacturing Index came in at 22.0, down from last month’s 32.8.
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20 April, 2017 by The TZ Newswire Staff Comments Off on That was quick. Trump says must get to the negotiating table with Canada quickly
That was quick. Trump says must get to the negotiating table with Canada quickly
Also talking lumber
Pres. Trump is on the wires saying that:
Trump also speaks on steel.
20 April, 2017 by The TZ Newswire Staff Comments Off on What Analysts Are Saying About eBay After Earnings
What Analysts Are Saying About eBay After Earnings
When eBay released its most recent quarterly earnings report late on Wednesday, the response from investors was not entirely positive, and analysts shied away from the stock for the most part.
20 April, 2017 by The TZ Newswire Staff Comments Off on Bill O’Reilly to receive maximum payout of one year’s salary: Source
Bill O’Reilly to receive maximum payout of one year’s salary: Source
Bill O’Reilly’s amended contract suggests that the ousted Fox News anchor will receive a maximum of one-year’s salary, a person familiar with the matter told CNBC.