Former U.S. Treasury Secretary Larry Summers bashed presidential candidate Sen. Elizabeth Warren‘s tax proposals on Tuesday, arguing they go too far and could ultimately hurt the American economy. “I don’t think that taxation approaching confiscatory is remotely feasible and, if it was tried, would have catastrophic economic consequences,” the former economic advisor to Barack Obama said
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images Investors may be just too comfortable picking individual stocks, and ignoring the macro risks that could derail the rally and broadly hit all of the market’s stocks. Citigroup strategists, in a note,
Anton Petrus | Moment | Getty Images More than half of Americans are looking for adventure when it comes to travel in 2020, according to a new study from the Travel Channel. “That is up a little bit over last year,” said Mariel Clark, vice president of digital for HGTV and the Travel Channel, noting
Share to facebook Share to twitter Share to linkedin The Social Security Administration published an online form today for seniors to report they have been contacted by persons fraudulently claiming the scammers work for the agency. . . “I am deeply troubled that our country has not been able to stop these crooks from deceiving
Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
The agents I most admire here (and there are many) are those who have dedicated themselves to … [+] breaking down these barriers. AdobeStock_182825319 This past weekend Newsday published a thorough and well-documented article detailing multiple cases of apparent housing discrimination by real estate agents in Suffolk and Nassau Counties on Long Island. The degree
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California. Justin Sullivan | Getty Images The American Medical Association called for a total ban on all vaping products that haven’t been approved by the Food and Drug Administration to help quit smoking, the nation’s largest association of physicians announced Tuesday. “The recent lung
Source: Medtronic Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday, buoyed by higher sales in its surgical instruments and restorative therapies businesses. Net income attributable to the company rose to $1.36 billion, or $1.01 per share, in the second quarter ended Oct. 25, from $1.12 billion, or 82 cents per
Dow Jones Industrial Average falls 102 points The Dow dropped 102.20 points, or 0.36% to close at 27,934.02. The S&P 500 fell 0.06% to end at 3,120.18. The Nasdaq Composite advanced 0.24% to 8,570.66. The major averages hit new records but losses from Home Depot and Boeing pushed the Dow off those levels. Home Depot
The top 1% of taxpayers would likely avoid about $5 trillion in taxes over the next decade unless the IRS improves its enforcement, according to a new analysis. A research paper by Lawrence Summers, the former Treasury Secretary, and finance professor Natasha Sarin found that lax enforcement by the Internal Revenue Service has led to
FILE – In this Sept. 4, 2011 file photo shows the main plant facility at the Navajo Generating Station, from Lake Powell, in Page, Ariz. Two environmental groups are asking a federal court to set a deadline for the U.S. Environmental Protection Agency to issue mandates for pollution controls at two power plants, including Four
Kenneth Fisher, founder, chairman and chief executive officer of Fisher Investments, speaks during a television interview in New York, May 10, 2010. Jonathan Fickies | Bloomberg | Getty Images The Chicago police pension fund is ending its $67 million relationship with Fisher Investments. The Policemen’s Annuity and Benefit Fund of Chicago joins a number of
Eric Ryan, co-founder of Method, Olly and Welly Whoever doubted that a line of first-aid products in chic patterns and bold colors would instantly hit Editor’s Pick lists and become a top giftable for the holidays doesn’t understand Eric Ryan’s ability to reinvigorate a simple, everyday consumer need and transform it into a lifestyle accessory.
Photo Taken In Cochabamba, Bolivia Getty U.S. expatriates who want to come back to the United States can face challenges getting Medicare. Here’s an example: “I am 69 years old and a U.S. citizen but I have lived in Greenland for a long time. I am homesick. Plus, I have cancer. Can I qualify for
Share to facebook Share to twitter Share to linkedin Supreme Court Justices John Roberts, Elena Kagan, Neil Gorsuch and Brett Kavanaugh attend the State … [+] of the Union address February 5. Photo by Doug Mills-Pool/Getty Images Topline: The Supreme Court on Monday gave President Trump a temporary reprieve from handing his tax returns over
PTM Partners is planning to build a mixed use retail, hotel and co-working office project in St. … [+] Petersburg anchored by a Marriott Moxy. Storyn Studio for Architecture Miami-based developer Michael Tillman and his partners are going for an Opportunity Zone trifecta. Their firm, PTM Partners, recently closed on a $13 million acquisition of
Bob Newhart and Will Ferrell star in “Elf.” Warner Bros. With the flood of new streaming services, you might expect a favorite holiday movie is just a few clicks away. But you’d be mistaken. Cheery, family-friendly flicks like “Elf,” “Rudolph the Red Nosed Reindeer” and “Frosty the Snowman” won’t appear on popular platforms like Netflix,
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s earnings and sales for the latest quarter fell short of analysts’ estimates, the company reported on Tuesday. It also cut its profit outlook for the full year. Its shares tumbled more than
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Lowe’s. Chris Verrone was a buyer of Facebook. Steve Grasso was a buyer of Bausch Health. Guy Adami was a buyer of Snap. Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, ALEF, ALPHA, AMZA, ACB,
Randall Stephenson Katie Kramer | CNBC Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley upgraded Broadcom to ‘overweight’ from ‘equal weight’ Morgan Stanley named the semiconductor designer and developer as a top pick and said it had “increased” confidence in the company’s strategy. “We upgrade AVGO to Overweight on increased confidence