Below please find daily updates pertaining to the latest in financial, business, and tax news:
The recent budget deal has handed U.S. defense companies an extra $75 billion over the next two years as the Pentagon boosts spending on aircraft, missiles, tanks and maintaining older equipment....Sun, Feb 18, 2018
Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals. ...Sat, Feb 17, 2018
Automation is finally invading the garment industry, transforming sweatshops and putting people out of work in poor countries like Bangladesh. For the U.S., that means lower prices and new domestic production possibilities....Sat, Feb 17, 2018
Retailers rang up their strongest holiday sales since 2011, but now they have to figure out what to do with an estimated $90 billion in returned apparel, electronics and sporting goods. ...Sat, Feb 17, 2018
Billionaire casino executive Steve Wynn will lose out on collecting hundreds of millions of dollars in severance pay from the company he founded, Wynn Resorts Ltd., following his resignation as chairman and chief executive....Fri, Feb 16, 2018
Jerome Powell is stressing continuity as he takes over as Fed chairman, which suggests the central bank will keep gradually raising interest rates this year, unperturbed by recent market volatility and signs of firming inflation....Fri, Feb 16, 2018
U.S. households’ confidence in the economic outlook rebounded this month, as a gauge of consumer sentiment hit its second-highest level since 2004....Fri, Feb 16, 2018
Most borrowers who left college or graduate school owing at least $50,000 in student loans in 2010 had failed to pay down any of their debt four years later, according to a study by the Brookings Institution. ...Fri, Feb 16, 2018
Housing construction got off to a strong start in 2018, which could help boost economic growth and ease home-price increases in the coming months....Fri, Feb 16, 2018
Prices for foreign-made goods imported to the U.S. rose in January, driven by a broad range of product price increases and capping a week of solid inflation readings. ...
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