Business wasn't great during the third quarter, but things should pick up again through the rest of the year, according the latest survey of business economists.
Profits were squeezed, jobs were harder to fill and materials prices rose in the latest quarter, according to a majority of the National Association of Business Economists. But overall, the group expects sales to continue rising in the last three months of the year.
"Senators McCain and Graham are torpedoing the budget by insisting on busting the budget caps for more spending," Paul of Kentucky said on Twitter. He threatened to vote against the budget, which unlocks a fast-track process to pass a tax bill without having to face a Democratic filibuster.
"I don’t know how long it takes to figure out where this guy is coming from," responded Graham of South Carolina. "He is never getting to yes. He’s always got a reason to vote no. This thing about me and McCain is about as disingenuous as you can possibly be."
The Delta House floating production facility about 40 miles (64 kilometers) southeast of Venice, Louisiana, released 7,950 to 9,350 barrels of oil from early Wednesday to Thursday morning, according to closely held operator LLOG Exploration Co. That would make it the largest spill in more than seven years, data from the U.S. Bureau of Safety and Environmental Enforcement show, even though it’s a fraction of the millions of barrels ejected in the 2010 incident.Click here to download a pdf of this article, Missile.pdf
“My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move higher next year,” Yellen said Sunday at the Group of Thirty’s Annual International Banking Seminar in Washington.
While the Fed chair said she expects a pickup, she and her colleagues “recognize that this year’s low inflation could reflect something more persistent than is reflected in our baseline projections.”
House Republicans agree with President Donald Trump that they want to cut taxes for the middle class, but who fits that definition is where the consensus stops.
For some GOP members of Congress, a middle income household tops out at $100,000 a year. For others, a family making $400,000 still deserves a break.
Goldman Sachs said Monday that there is a 65 percent chance of an agreement on tax reform coming together next year. That would benefit stocks, the firm said.Click here to download a pdf of this article, Missile.pdf
"The dynamics associated with the pursuit of assets in secondary and tertiary markets have to do with the fact that a tremendous amount of equity and debt is looking for yield," said David Blatt, CEO of CapStack Partners, a New York-based investment bank and advisor focused on real estate and other asset classes. "While price in primary markets is a factor in terms of getting value for your dollars, yield is a stronger driver for many of these buyers."Click here to download a pdf of this article, Missile.pdf
The Trump administration is set to release its blueprint for overhauling regulation of U.S. markets, an expansive list of priorities that touches on the stock, bond and derivatives trading that fuels Walls Street profits.Click here to download a pdf of this article, Missile.pdf
President Donald Trump’s tax plan would let U.S. companies take bigger, faster deductions on capital investments, a step some experts said would deplete Washington’s policy arsenal by using up a tax break normally reserved for fighting recessions.Click here to download a pdf of this article, Missile.pdf
A general strike in Catalonia on Tuesday will likely bring much of the wealthy Spanish region to a standstill, a move bound to ratchet up tensions with the Spanish government following a fractious independence vote at the weekend.Click here to download a pdf of this article, Missile.pdf
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