Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
May 17, 2018
  • Treasury sees stage set for growth pickup over near term
  • CBO sees U.S. budget deficit rising to $1 trillion by 2020

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after Continue reading

Ex-Speaker John Boehner Joins Marijuana Firms Advisory Board
April 23, 2018
  • Former Massachusetts Governor William Weld also added
  • Watershed moment for cannabis as drug goes mainstream

The U.S. marijuana industry has a new spokesman: John Boehner.

The Republican former Speaker of the House has joined the advisory board of Acreage Holdings, Continue reading

Trump Assails FBI Raid on His Lawyers Office as Disgraceful
April 13, 2018
  • Cohen paid $130,000 to Stormy Daniels in ‘hush agreement’
  • Raid signals criminal probe by FBI, but its target is unclear

President Donald Trump condemned as “disgraceful” an FBI raid on the office and hotel room of his longtime lawyer and Continue reading

Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
March 24, 2018
  • Split FOMC continues to see three rate increases in 2018
  • Policy makers boost economic growth forecasts for 2018, 2019

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast Continue reading

New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
March 13, 2018

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. These limited liability companies share Continue reading

Muellers Move on Ex-Skadden Lawyer Puts Heat on Manafort, Gates
February 25, 2018

U.S. Special Counsel Robert Mueller intensified legal pressure on ex-Trump campaign chairman Paul Manafort and his deputy, Rick Gates, by filing a false-statements case against a lawyer who did Ukraine-related work with the two men.

Prosecutors accused the attorney, Continue reading

2018 Feels Ripe for Big Unexpected Crisis, Eurasia Group Says
January 7, 2018

This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook.

Describing global political challenges as “daunting,” the New York-based political risk consultancy said that “if we had Continue reading

Americas Inequality Machine Is Sending the Dow Soaring
January 5, 2018

The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a “bull market Continue reading