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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

Budget Deal Likely to Deliver Hefty Business to Defense Companies

Sat, Feb 17, 2018

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....

The Benefits, and Costs, of Higher Metal Tariffs

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. ...

The Robots Are Coming for Garment Workers

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....

What Stores Do With $90 Billion in Merchandise Returns

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. ...

Steve Wynn Will Lose Hundreds of Millions in Severance Amid Sexual-Misconduct Claims

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....

For the Federal Reserve, a New Chief but Same Rate Path

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....

Consumer Sentiment Rebounds in February

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....

The Rise of the Jumbo Student Loan

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. ...

U.S. Home Construction Rose 9.7% in January

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....

U.S. Import Prices Rise in January

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. ...