Dow, S&P end in record territory after Powell boosts expectations for Fed rate cut

The Dow and S&P settled at an all-time highs Thursday, after Federal Reserve Chairman Jerome Powell left investors feeling fairly confident about the odds of an interest rate cut later this month. Powell testifying Wednesday before the House Financial Services Committee and Thursday in front of the Senate Banking Committee gave investors more hope that a rate cut is coming. […]

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One economist’s defense of ‘excessively capitalized privilege exploiters’

It’s been a rough stretch for billionaires, at least in the public eye. Privately, they’re surely doing just fine. But in the media and in some corners of official Washington, where politicians are floating various proposals aimed at narrowing the inequality gap, the richest of the rich are getting absolutely pummeled. It’s gotten so bad that former StarbucksSBUX, +0.42%boss and […]

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Key Senate Republican says emergency declaration for wall would be ‘dangerous step’ | Documents reportedly contradict Trump’s statements on Moscow project

Top Republican senator says emergency declaration for wall would be dangerous step: At his State of the Union address on Tuesday night, President Donald Trump may promise to declare a national emergency to build his proposed border wall if Congress can’t agree to fund it. But Sen. John Cornyn of Texas has become the latest Senate Republican to speak out […]

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Europe must fight the alt-right with more democracy, not less

STRASBOURG, France (Project Syndicate) — The spontaneous street protests in Paris over the past month come almost exactly 50 years after the mass revolt of May 1968. But that is not to say the two events are comparable. Les événements de mai 1968 was an anarchist uprising by students and workers against the traditionalism and apparent authoritarianism of President Charles […]

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Trump attacks Google for prioritizing mainstream news outlets in search results

President Donald Trump on Tuesday attacked Alphabet unit GOOG, +1.73% Google for its ranking system, which he says prioritizes what he calls "fake news" — that is, mainstream media — over conservative outlets. "Google search results for ‘Trump News’ shows only the viewing/reporting of Fake New Media. In other words, they have it RIGGED, for me & others, so that […]

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