With this tag: Economics

The fate of Gary Cohn is a big topic at New York’s biggest Wall Street conference Tuesday. That’s hardly surprising. Many on Wall Street view Cohn, the White House’s chief economic adviser, as their man inside the White House. Many think financial markets would be shaken if Cohn were to […]

Wall Street Is Obsessed with Gary Cohn

by John Carney12 Sep 20170 12 Sep, 201712 Sep, 2017 Top earners will not see their tax bill fall under the tax plan being worked out by Trump administration and lawmakers, Treasury Secretary Steve Mnuchin said Tuesday.  The Trump administration has repeatedly said that its plans to reform the tax […]

Mnuchin: No Tax Cut for the Wealthy

Andrew Harrer/Getty Images by John Carney6 Sep 20170 6 Sep, 20176 Sep, 2017 Gary Cohn is out of the running for the top job at the Federal Reserve. The Wall Street Journal reported Wednesday evening that Donald Trump is “unlikely to nominate” Cohn, citing “people familiar with the president’s thinking.” […]

Gary Cohn’s Shot at Fed Chair Falls Apart

The Associated Press by John Carney5 Sep 20170 5 Sep, 20175 Sep, 2017 Top executives at some of America’s largest companies and business groups denounced the Trump administration’s decision to end Deferred Action for Childhood Arrivals, the Obama-era program that exempted certain illegal immigrants from America’s immigration laws. J.P. Morgan […]

Big Business and Big Banks Freak Out Over End of ...

The Associated Press by Michelle Moons25 Aug 2017Washington, D.C.0 25 Aug, 201725 Aug, 2017 WASHINGTON, D.C. — During Friday’s White House press briefing, Press Secretary Sarah Huckabee Sanders wouldn’t discuss the specifics of conversations between President Donald Trump and White House chief economic adviser Gary Cohn regarding a recent interview […]

White House Struggles to Defend Gary Cohn

The Associated Press by John Carney24 Aug 20170 24 Aug, 201724 Aug, 2017 Donald Trump’s decision to dissolve his two business advisory councils in the face of mass defections of corporate leaders and Wall Street titans was a clarifying moment for his presidency. Just as the president promised, he drained […]

How Charlottesville Helped Drain the Swamp

by John Carney18 Aug 20170 18 Aug, 201718 Aug, 2017 The Trump administration formally launched an investigation into trade practices that China allegedly uses to steal the intellectual property of U.S. companies. The administration said today that it was launching a “Section 301” investigation. The probe could result in the […]

It Begins: U.S. Launches China Trade Probe

Joe Raedle/Getty Images by Lucas Nolan22 Jun 20170 22 Jun, 201722 Jun, 2017 McDonald’s shares reached an all-time high following the announcement that automated ordering kiosks will be replacing cashiers in 2,500 stores across the U.S. CNBC reports that McDonald’s shares have reached an all-time high following the announcement of automated ordering […]

McDonald’s Shares Reach All-Time High Following Rollout of Automated Ordering ...

President Donald Trump’s merit immigration reform will raise Americans’ salaries and put roughly additional 2.3 million sidelined Americans back to work in a decade, admits a business-funded university group. The admission adds to the other forecasts and the real-world data now which are bolstering Trump’s prediction that a reduced inflow […]

Donald Trump’s Immigration Reform Will Raise Wages, Jobs, Admits Business-Funded ...