The Supreme Court ruled Thursday that states can require out-of-state online retailers to collect sales taxes, reversing a previous high court decision that limited collections to stores with a physical presence and paving the way to more online sales taxes nationwide. In a 5-4 decision written by Anthony Kennedy, the court ruled that that physical […]
Finance
Latest News
Healthcare Policy Opens Door to Coverage Across State Lines…
Trump administration allows insurance to be sold across state lines. Small businesses and individual workers will be allowed to band together to provide medical coverage that will be less expensive than Obamacare plans under a rule released Tuesday by the Trump administration. The Department of Labor released its final rule as part of the administration’s […]
OMB Director Mick Mulvaney Discusses Government Reorganization During Cabinet Meeting (VIDEO)…
Office of Management and Budget Direct Mick Mulvaney had a break-out session during the White House cabinet meeting today where he discussed part of the government restructuring and reform proposals. We have waited a long time for this type of common sense initiative. This is MAGA. Some will say it can’t be done; however, if […]
Federal Court Rules Consumer Bureau Structure Unconstitutional…
A federal district judge ruled Thursday that the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution, countering a January ruling from a federal appeals court. Judge Loretta Preska of the Southern District of New York ruled that the CFPB’s creation as an independent agency with a director that could only be dismissed […]
Commerce Secretary Wilbur Ross Discusses Ongoing Trade Initiatives…
U.S. Commerce Secretary Wilbur Ross gives an interview with CNBC about how the administration’s ongoing trade initiatives are addressing U.S. products and interactions with ongoing congressional stakeholders. One of the more recent globalist (Wall Street) approaches to fend-off President Trump’s America First trade reset has been to target the ethical position of Secretary Ross; within […]
China Enters the Trade Trap…
Perhaps nobody know what President Trump will do next, including President Trump, but right now it looks like he has successfully maneuvered China into a trade trap. The goal is to slow China’s economy such that military modernization slows and its economy cannot catch up with the United States. Meanwhile, implementation of this strategy is […]
Canada, EU and Germany Signal Compliance with President Trump Trade Demands…
First, we would draw your attention to May 23rd, when President Trump announced an instruction to Commerce Secretary Wilbur Ross to begin a Section 301 review of the auto industry a week prior to the implementation of the Steel and Aluminum tariffs. At the time when all media were discussing other ‘matters’ CTH pointed out […]
Wealthy Blue-Staters Are Using Shady Alaskan Trusts to Dodge SALT-Deduction Caps…
Wealthy Americans living in blue states are scrambling to find tax loopholes that will help them get around one of the most controversial (and for some, infuriating) provisions in President Trump’s tax plan: The capping of the so-called SALT deduction. Enter real-estate planner Jonathan Blattmachr, who this week made the mistake of explaining to a […]
MetLife, Brighthouse Sued for $500M Over Missing Pensioners Funds…
MetLife Inc. and Brighthouse Financial Inc. have been sued for failing to pay at least $500 million in retirement benefits over the past 2½ decades to thousands of pension plan participants. In December, MetLife disclosed that it had failed to pay pension benefits to tens of thousands of employees covered by its group annuity contracts, […]
Social Security Benefits Buy 34 Percent Less Than in 2000…
If you feel like your Social Security check doesn’t stretch as far as it once did, there’s a likely explanation for it. Since 2000, the buying power of monthly benefits has fallen by more than a third, according to an annual report released Thursday by the Senior Citizens League, an advocacy group based in Alexandria, […]
Starbucks Share Drop on Weak Sales Forecast, Plans to Close More Than 150 Stores Next Year…
Shares of Starbucks slipped more than 3 percent Tuesday after the coffee chain lowered its third-quarter sales forecast and said it would scale back store growth. The company said it would slow the number of licensed stores it opens and close underperforming company-operated locations in densely populated areas. The company historically closes about 50 of […]
Head of VW’s Audi Arrested in Germany Over Diesel Scandal…
German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, June 18, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might hinder their […]
Trump Announces Tariffs on $50B in Chinese Goods…
President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House’s move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean […]
Related
A Listing of U.S. Imports from China Causing a Huge Trade Deficit…
Atlanta Fed: Q2 GDP Estimate Rises to 4.8% from 4.6%…
“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 14, up from 4.6 percent on June 8,” the Federal Reserve Bank of Atlanta said in its latest GDPNow report on Thursday. After this morning’s retail sales release from the U.S. Census […]
Trump Was Right. The Rest of the G7 Were Wrong…
He gets almost everything wrong. But last weekend Donald Trump got something right. To the horror of the other leaders of the rich world, he defended democracy against its detractors. Perhaps predictably, he has been universally condemned for it. His crime was to insist that the North American Free Trade Agreement (Nafta) should have a […]
Corporate Execs Beg Trump to Stay in This Climate Treaty — And Bail Out Their Investments…
A group of manufacturing executives sent a letter to President Donald Trump, urging him to move forward with a climate policy enacted during the Obama-era. The manufacturing sector has been mostly supportive of Trump’s undoing of regulations made under the Obama administration. However, there is one climate change agreement that has garnered wide support from […]
People Outraged After Amazon Found to Secretly Profit from “Unethical And Illegal” Chinese Sweatshops…
Amazon founder and CEO Jeff Bezos recently became the world’s wealthiest man. While, Bezos’ fortune is mostly tied to Amazon’s inflated stock price trading at a nosebleed price/earnings ratio of approximately 265, with a market cap around $811 billion (as of June 08), many questions remain as to just how did Bezos manage to become […]
AT&T’s Victory in Time Warner Merger Clears Way for Deal Bonanza…
AT&T’s victory against the federal government’s challenge to a proposed merger with Time Warner furthers the company’s goal of becoming a media powerhouse and may clear potential hurdles for other businesses pursuing similar acquisitions. The case, in which a federal judge rejected the government’s claim that the deal would hinder competition and raise consumer costs, […]
Peter Navarro Responds To Trudeau G7 Trade Remarks: “Biggest Miscalculation in Canadian Political History”…
Appearing on Fox News Sunday, White House Trade Policy Adviser Peter Navarro expresses disappointment at the political stunt carried out by Justin from Canada after President Trump departed the G7. During a post summit press conference the Canadian Prime Minister decided to play politics with the U.S. / Canadian trade relationship and took a hostile […]