Americans have good reason to be unhappy with the economy and President Joe Biden. At the State of the Union, he bragged on the strong recovery, but abstract statistics like GDP growth, the unemployment rate and average hourly wages don’t rhyme well with many voters’ personal experiences. Paychecks aren’t keeping upRead More →
An executive order signed by President Biden could wind up cooling the real estate market in places where it’s been hot. Or at least appears to be. Why “appears”? I’ll get to that in a second. The president ordered federal agencies to post scientific data and analysis on websites likeRead More →
Amazon warehouse workers in Alabama got a surprise ally in US Sen. Marco Rubio, with the conservative lawmaker revealing on Friday that he supports their efforts to unionize. The Republican senator from Florida published an op-ed in USA Today that accused Amazon AMZN, -0.77% of waging “a war against working-class values”Read More →
We are well into tax season, and ordinarily I would say it’s time to get serious about filing your 2020 Form 1040 if you’ve not already done so. But so far, 2021 has not been much more ordinary than 2020, the year we would all like to forget. Now,Read More →
President Donald Trump plans to pardon or commute the sentences of around 100 people Tuesday, according to reports Sunday night. CNN first reported the plans, and said White House officials met Sunday night to finalize the list. Axios separately confirmed the report. The actions are expected to include white-collarRead More →
With President-elect Joe Biden’s victory, tens of millions of Americans are feeling relieved, thankful, celebratory, or some combination of these emotions. But tens of millions of other Americans are anguished and despondent. It’s essential to recognize that elections are not football games. Opponents are not our enemies. For those who celebrate,Read More →
Ray Dalio, the founder, chairman and co-chief investment officer of the world’s largest hedge fund firm, Bridgewater Associates, has had a rough 2020. Bridgewater’s flagship fund has been deeply negative, even as rival hedge funds managed to outperform the market, particularly during the initial turmoil from the coronavirus pandemic.Read More →
U.S. stock indexes rebounded from early losses on Friday but traded mostly lower as investors reacted to a weaker-than-expected September jobs report and news that U.S. President Donald Trump and first lady Melania Trump had tested positive for the coronavirus. The president and his wife will need to beRead More →
President Donald Trump defended himself at Thursday’s news conference as he raised more questions after telling renowned journalist Bob Woodward months ago that he was downplaying the coronavirus. “I’m not lying. I’m saying ‘We have to be calm. We can’t panic.’” Trump said a reporter asked him.” Why didRead More →
Attorney General William Barr on Sunday sought to rewrite the narrative surrounding President Donald Trump’s controversial decision to walk across Lafayette Square on Monday to briefly hold a photo-op at St. John’s Church. In a testy interview on CBS’s “Face The Nation” (video embedded below), Barr said the common viewRead More →
Democratic politician Stacey Abrams, a potential running mate for Joe Biden, called for a different approach to casting ballots this year due to the coronavirus pandemic, as she testified on Wednesday at a House hearing on protecting the right to vote. “One of the challenges facing our nation is aRead More →
Illinois on Friday became the next big state to allow a number of businesses to reopen as states continue to ease restrictions imposed to fight the spread of the coronavirus around two months ago —although Chicago must wait until June 3. Meanwhile, New York City is on track to beginRead More →
President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies. Trump claimed in the order that social-media companies have “unchecked power” to censor and restrict speech, and “we’re fed up withRead More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
If you’re actually hoping to retire at any point, the chances are you’re going to need Social Security, Medicare, and Medicaid. So when the president unveiled his latest budget proposals, amid a chorus of partisan claims and counterclaims, try to block out the noise, and instead focus on the numbersRead More →
Democratic presidential hopefuls Joe Biden and Michael Bloomberg could be viewed as winners of the Iowa caucuses debacle, analysts said Tuesday, as the state’s party officials promised to release most of the delayed results by 5 p.m. Eastern Time. The results were delayed Monday night by a problematic app andRead More →
As Chinese health officials and citizens struggle to contain the coronavirus, people in countries including South Korea, Malaysia, the U.K. and Canada are reporting the spread of anti-Chinese racism, attacking the country’s cultural mores and businesses with signs saying, “No Chinese.” The highly contagious, pneumonia-causing illness that infects the respiratoryRead More →
The Trump administration is getting medieval in the impeachment trial, according to a CBS News report. “Vote against the President and your head will be on a pike.” As House Democrats continued to present their opening arguments in the impeachment trial accusing President Trump of abusing his power on Thursday,Read More →
U.S. stocks traded mostly lower Tuesday, as investors returned from a holiday and found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks in recent weeks. U.S. markets were closed Monday in observance of Martin King Luther Jr. Day. How are benchmarks faring? TheRead More →
On this Martin Luther King Jr. Day, Americans will pause to reflect on the civil-rights movement — the progress made and the lingering challenges. More than half a century after Dr. King’s untimely death, the U.S. has made strides toward realizing his vision, but discrimination still exists — both inRead More →
Long-dated U.S. Treasury yields edged higher Friday after the U.S. Treasury Department announced plans, as had been expected, to issue a 20-year nominal coupon bond in the first half of 2020 to finance a ballooning federal deficit that is nearing 5% of gross domestic product. However, yields have been little-changedRead More →
A trending topic on social-media sites Wednesday was raising fresh questions about the integrity of those platforms and their capacity to foment antipathy, or even disrupt democracy, rather than foster genuine political discourse ahead of the 2020 presidential election. The hashtag #NeverWarren has been the most popular topic on TwitterRead More →
The House on Wednesday voted to appoint seven House Democrats as managers for President Donald Trump’s upcoming impeachment trial and also send two articles of impeachment over to the Senate. The 228-193 vote, which was almost entirely along party lines, is ending an impeachment impasse that has persisted for nearlyRead More →
The Democratic-led House of Representatives on Friday voted 247-159 in favor of a bill that aims to crack down on “forever chemicals” that have been linked to a range of health problems. The PFAS Action Act, which targets per- and polyfluoroalkyl substances, could exact a toll on chemical giants likeRead More →
House Speaker Nancy Pelosi said Friday she will take steps next week to send articles of impeachment against President Donald Trump to the Senate after failing so far to secure any concessions on the trial procedure from Republicans. “I have asked Judiciary Committee Chairman Jerry Nadler to be prepared toRead More →
