In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
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Amazon hires Trump-allied lobbyist Jeff Miler as battle for Pentagon contract heats up.Politicsread more
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George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
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"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
As Chicago's municipal bonds continue to be downgraded by credit rating agencies, Sitka Pacific Capital Management's Mike "Mish" Shedlock, said something has to be done on the political level.
The city's unfunded pension liabilities as well as liquidity problems have led to a series of recent downgrades. In addition, a recent by the Illinois state Supreme Court has determined pension reform to be unconstitutional.
"The Illinois legislature could, and should in my opinion, pass a law allowing municipalities to go bankrupt," Shedlock said. "That is actually what Gov. [Bruce] Rauner wants the Chicago Board of Education to do, but of course Mayor Rahm Emanuel doesn't want that at all."