The GOP’s tax bill is excellent for the stock market, but perhaps not as good for U.S. workers, CNBC’s Jim Cramer said Monday. Stocks were sharply higher Monday after Senate Republicans passed their tax bill early Saturday, moving President Donald Trump and the GOP closer to overhauling the U.S. tax system. The House approved its […]
Read moreWhile hoping a GOP tax overhaul becomes law, Ken Langone told CNBC on Monday the only way to really get America’s financial house in order is to cut the federal debt. The billionaire co-founder of Home Depot and longtime Republican backer went so far as to say that the U.S. should risk a “very significant […]
Read moreThis week, Senator Orrin Hatch (R-UT) helped push a tax bill through the Senate that will cost about $1 trillion. At the same time, he lamented the difficulties of finding the money to fund the Children’s Health Insurance Program (CHIP), which pays for healthcare for nine million children and costs about $14 billion a year […]
Read moreSterling soared higher on Monday afternoon amid optimism that Brexit talks will break the current deadlock and move onto topics like a future trade deal between the two sides. At around midday, the pound hit a day’s high of 1.3523 against the dollar after news emerged that Westminster will concede on EU trade rules for […]
Read moreMaltese police have arrested eight suspects in the murder of anti-corruption blogger Daphne Caruana Galizia, Prime Minister Joseph Muscat said on Monday, almost two months after she was killed when her car was blown up. All of the suspects are Maltese nationals and most have a criminal record, the prime minister said, without providing any […]
Read moreCurrency, United States Finance
Monetary policy must address 'frothy' financial markets, warns central bank body
Investors should be more concerned about an overheating financial market at a time when consumer debts are rising to unsustainable levels, according to the global body for central banks. In its quarterly financial review, the Bank for International Settlements (BIS) said investors were choosing to bask in the “light and warmth” of improving global growth, […]
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Germany’s nationalist AfD party lurches further to the right amid protests
Germany’s anti-euro, anti-immigration Alternative for Germany (AfD) party appeared to take a lurch further to the right at the weekend, with party members electing a hardline nationalist as co-leader of the party and eschewing more moderate candidates. During the AfD’s first party congress since German elections in September — which saw the party gain enough […]
Read moreStrong and stable leadership is difficult to come by these days across Europe. The countries that have traditionally been the bastion of reliable leadership – Germany and the U.K. — are leaving citizens feeling disappointed – and more worryingly, it is having spillover effects into matters outside of domestic politics. Brexit and U.K. leader Theresa […]
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Europe seen higher as Brexit, US tax plan dominates talk; DAX, Dow set to open up triple digits
European markets are expected to start off the first trading day of the week sharply higher, as investors digest news that the U.S. Senate narrowly passed a major tax bill over the weekend. On the bourses front, the U.K.’s FTSE 100 is expected to open 59 points higher at 7,359, while the German DAX is […]
Read moreGreece and its euro zone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout program, a move that could pave the way for the country to leave the aid plan in August. The agreement on a range of often politically sensitive measures – covering fiscal issues, energy […]
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