User: newstrust Topic: US Economy
Category: Jobs
Last updated: Jan 19 2017 22:49 IST RSS 2.0
 
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The Corporate Tax Debate is Set to Heat Up with Donald Trump in the White House 19.1.2017 Inc
A massive cut to the corporate tax rate is at the center of the 45th President's agenda.
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U.S. stocks treading water; railroads are up 19.1.2017 Salt Lake Tribune
New York • Railroad stocks chugged higher in early trading Thursday, but drops for utilities and other companies that pay big dividends meant U.S. stock indexes were treading water once again. Treasury yields continued their march higher. KEEPING SCORE: The Standard & Poor’s 500 index dipped 2 points, or 0.1 percent, to 2,268 as of 8:12 a.m. Mountain time. The Dow Jones industrial average was down 24 points, or 0.1 percent, at 19,781. The Nasdaq composite index rose 6 points, or 0.1 percent, to ...
Letter: Outdoor Retailers a good match for Utah 19.1.2017 Salt Lake Tribune
I believe Outdoor Retailers are compatible with the future for Utah most of its people want: clean air, water and land. Preserved, cherished unique landscapes, historic sites and sacred places for American Indians, containing burial grounds, remains of centuries old dwellings and cultural artifacts. OR and its view of Utah bring more money into Utah than dirty extractive energy, by supporting tourism: a stable and growing part of our economy. The extractive industries are boom and bust, with bi...
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ECB keeps stimulus on high as economy picks up 19.1.2017 Salt Lake Tribune
Frankfurt, Germany • The European Central Bank has warned there is still little sign of a pick-up in shop prices and workers’ wages in the eurozone — a symptom of economic weakness that means the bank will leave its stimulus programs running nearly full blast at least until year-end. The bank’s 25-member governing council, led by President Mario Draghi, made no changes in its interest rates or bond-buying stimulus program at a meeting Thursday. Attention was focused on Draghi’s remarks at a news...
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U.S. stock indexes stay flat; bond yields climb 19.1.2017 LA Times: Business

Railroad stocks chugged higher in early trading on Wall Street on Thursday, but drops for utilities and other companies that pay big dividends meant U.S. stock indexes were treading water once again. Treasury yields continued their march higher.

The Standard & Poor's 500 index slipped 2 points,...

Trump's Treasury pick facing criticism over foreclosures 19.1.2017 Salt Lake Tribune
Washington • Donald Trump’s pick to lead the Treasury Department, Stephen Mnuchin, built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank. Mnuchin, who served as Trump’s finance chairman during the campaign, has defended his role in the purchase of the failed bank, whose collapse in 2008 was the second biggest bank failu...
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Why Are Millennials Hell-Bent on Flexibility at Work? 19.1.2017 Inc
Millennials crave flexibility at work. Find out why and how you can build it into your workplace.
S. Koreans' ties with Samsung are lifelong, often conflicted 19.1.2017 AP Business
SEOUL, South Korea (AP) -- The family smartphones? An assortment of Samsung Galaxies. The flat-screen TV that illuminates the living room? A Samsung SUHD, with the brand name sparkling on the nameplate. The maker of the digital toilet seat? You guessed it: Samsung....
Where will Trump begin in slashing Obama-era regulations? 19.1.2017 LA Times: Commentary

Donald Trump's ascendance to the White House has raised hopes among U.S. businesses for the most significant rollback of regulations since the Reagan administration. 

Cutting regulations is not only a key component in Trump's goal of doubling economic growth to 4%, but some economists regard it...

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A fierce will to win pushed Donald Trump to the top 19.1.2017 Washington Post: Politics
Born into wealth, a rebellious boy from Queens struck a chord with average Joes, discovering his formula for success in business and, later, politics.
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In rural Minnesota, high hopes for President Trump 19.1.2017 Minnesota Public Radio: News
Minnesota didn't go for President-elect Donald Trump, but many of its rural counties did. As Trump takes office, supporters in northern part of the state have high hopes for the 45th president.
Obama's squatters may get in way of banks' hopes 19.1.2017 Salt Lake Tribune
Wall Street’s expectations that Donald Trump will quickly free banks from the grip of aggressive regulators could encounter a problem: Some of Barack Obama’s top appointees aren’t planning to leave anytime soon. A handful of officials who’ve implemented the Dodd-Frank Act are vowing to keep running their agencies for months into Trump’s presidency. They can do that because independent regulators are meant to be insulated from political interference, and they serve terms that last years. Atop the...
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Trump's Treasury pick facing criticism over foreclosures 19.1.2017 AP Business
WASHINGTON (AP) -- Donald Trump's pick to lead the Treasury Department, Stephen Mnuchin, built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank....
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Trump is trying to put the bully back into the bully pulpit 19.1.2017 Washington Post: Politics
President-elect pressures major companies to add U.S. jobs and claims credit for growth.
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Federal Reserve saw growth pick up as 2016 ended 19.1.2017 Salt Lake Tribune
Washington • The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages. The Federal Reserve said Wednesday that its survey of economic conditions around the country found that growth was modest or moderate in 10 of its 12 districts. That is an improvement from seven in the previous report. Growth was slight in the Cleveland district and largely unchanged in New York. Fed officials will study the surv...
CSX railroad expects modest profit growth 19.1.2017 Salt Lake Tribune
Omaha • CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms. The Jacksonville, Florida-based railroad offered a somewhat optimistic outlook Wednesday, a day after reporting a $458 million fourth-quarter profit. CSX CEO Michael Ward said industrial production is picking up, and forecasters predict the economy will grow 2 percent or more this year. Ward expects CSX to fare well this year w...
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Firms' job plans appear to court Trump favor 19.1.2017 Salt Lake Tribune
Washington • From Wal-Mart to General Motors to Amazon, a growing number of the world’s largest companies appear to be trying to get in step with President-elect Donald Trump’s demand that employers hire and keep jobs at home. Trump, in response, has taken to Twitter to signal his approval. “Thank you to General Motors and Walmart for starting the big jobs push back into the U.S.!” he tweeted Tuesday afternoon. Yet it’s unclear just how many jobs are actually being saved or created as a result o...
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American businesses say working with China is getting harder, despite government rhetoric about free trade 19.1.2017 LA Times: Commentary

Chinese President Xi Jinping stood in front of the world’s financial elite this week and fiercely championed free trade. But for many foreign companies, doing business in China is getting harder.

Many American companies, confronted with a chillier reception and murky regulatory hurdles, are rethinking...

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Can Trump fool people into thinking he's personally supercharging the economy? 19.1.2017 Washington Post: Op-Eds
Can Trump fool people into thinking he's personally supercharging the economy?
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U.S. consumer prices up moderately in December 18.1.2017 Salt Lake Tribune
Washington • U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years. The Labor Department reported Wednesday that its consumer price index increased 0.3 percent last month, up from a 0.2 percent gain in November. Energy prices, which have been rebounding, were up 1.5 percent, led by another jump in gasoline pump prices. Food costs were unchanged for the fifth straight month. For al...
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