NEW YORK – U.S. stocks are rising Thursday as technology companies and banks advance. European stocks are climbing after the European Central Bank said it will begin gradually reducing the bond purchases it’s been making to strengthen the regional economy. The market is regaining a chunk of the previous day’s […]
FAN Editor
Martin Sorrell predicts bullish market ahead of GOP tax cuts
Last February, just months after Donald Trump shocked the world and won the 2016 presidential election, WPP plc (WPP) CEO Sir Martin Sorrell made a prediction: The economy, and U.S. markets, would respond well for the next two or three years to Trump’s policies encouraging deregulation and tax code overhauls. […]
Height matters: The connection between tall Fed chiefs and interest rates
Maybe we’re all just overthinking it when it comes to figuring out where interest rates are headed over the long term. Instead of parsing through data on unemployment, inflation and productivity, rather than scouring for the hidden meaning behind every little turn of a phrase in the post-Fed meeting statements, […]
Correction: McDonald’s-Debit Card Lawsuit story
WILKES-BARRE, Pa. – In a story Oct. 25 about a legal settlement reached with the owners of 16 McDonald’s restaurants over the use of fee-laden debit cards to pay employees, The Associated Press erroneously reported the size of the settlement, the amount of the individual payouts and the number of […]
Florida lawmaker faces threats after criticizing Trump
A Democratic congresswoman is facing threats after she criticized President Donald Trump over his remarks to the widow of a soldier killed in Niger, her office said Thursday. Four-term Rep. Frederica Wilson has remained in Florida this past week and missed several House votes, including Thursday’s close budget vote. “She […]
WATCH: Lavish funeral held for beloved Thai king
Now Playing: Defense Secretary James Mattis visits Korean DMZ amidst nuclear tension Now Playing: Exhibition devoted to Prince opens in London Now Playing: Lavish funeral held for beloved Thai king Now Playing: Global fears of wine shortage as production to hit 50-year low Now Playing: San Juan mayor, energy company […]
GE explores divesting its transportation, healthcare IT businesses: sources
FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on June 30, 2016. REUTERS/Brendan McDermid/File Photo October 26, 2017 By Carl O’Donnell […]
Union Pacific CEO: NAFTA withdrawal impact would be ‘disastrous’
Lance Fritz, chief executive officer of Union Pacific, speaks during an interview in New York, U.S., June 28, 2017. REUTERS/Shannon Stapleton October 26, 2017 By Nick Carey DETROIT (Reuters) – American businesses, jobs and consumers would suffer if the United States pulls out of NAFTA instead of reaching an enhanced […]
Dollar’s gain on euro should make UnitedHealth and these other Dow stocks winners
The dollar spiked higher versus the euro on Thursday, a move that should boost domestically focused stocks but hurt large multinationals such as Caterpillar, if history is any guide. The euro sank about 1 percent against the dollar after the European Central Bank announced plans to trim its monthly asset […]
Medicare should warn enrollees on steep late sign-up penalties
A staircase cut into the grass rises up a hillside in Skogarfoss, Iceland May 28, 2011. REUTERS/Lucas Jackson October 26, 2017 By Mark Miller CHICAGO (Reuters) – For many Americans entering retirement, it comes as an unwelcome surprise: Medicare premiums become much more expensive if you do not sign up […]