Dow Fails to Keep up With its Peers
On Wednesday, the Dow Jones Industrial Average declined while the other major stock indices advanced. The Dow Jones Industrial Average was the only major American stock index to finish in the red on...
View ArticleMarkets Turn Risk-Averse
Thursday’s January Flash Manufacturing PMI dropped to a three-month low, sending stocks falling. Stocks took a hard fall on Thursday, after the January Flash Manufacturing PMI reading from Markit...
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3 Weaknesses of Obamacare’s Individual Mandate
It is a well-known fact that the individual mandate is the cornerstone provision of the Affordable Care Act; the employer mandate is merely a supporting player, as made abundantly clear when the Obama...
View ArticleCautious Investors Wait for FOMC Clues
Investors remained risk-averse on Monday, with the Federal Reserve’s FOMC set to begin its monetary policy meeting on Tuesday. After Friday’s global stock market rout, investors continued to head for...
View ArticleStocks Have Another Taper Tantrum
The stock market sank on Wednesday after the Federal Reserve announced that it would cut another $10 billion from its monthly bond purchases. The stock market had another “taper tantrum” on Wednesday,...
View ArticleGDP: Putting the Energy Back in Stocks
A better-than-expected expansion of fourth-quarter real GDP at an annual rate of 3.2 percent energized the stock market on Thursday. The stock market shrugged off a disappointing increase in weekly...
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Did President Obama Disarm the Debt Ceiling?
Source: http://www.flickr.com/photos/zieak/ After a dozen 11th-hour fiscal boxing matches between Democrats and Republicans in recent memory, it looks as if Washington lawmakers have finally tired of...
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Debt Ceiling Deal Sets Tone for 2014 Elections
Source: http://www.flickr.com/photos/jackofspades/ It looks like brinkmanship is no longer fashionable in Washington. On Tuesday night, more than two weeks before the February 27 deadline described by...
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Rand Paul Wants U.S. Politicians to Stop Warping Reagan’s Philosophy
Source: http://www.flickr.com/photos/gageskidmore/ Waves of Tea Party conservatism propelled both Sen. Rand Paul of Kentucky in 2010 and Sen. Tex Cruz of Texas in 2012 into Congress. Neither had the...
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Here’s a Guide to the United States’ Current Fiscal Mess
Source: Max Whittaker/Getty Images Lawmakers, who returned to Capitol Hill from the Thanksgiving recess on Monday, have less than two weeks to agree on legislation that will keep the federal government...
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