U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.40%
At the close in NYSE, the Dow Jones Industrial Average rose 0.40%, while the S&P 500 index added 0.47%, and the NASDAQ Composite index added 0.87%.
Month: February 2020
Fed in No Hurry to Move from Sidelines, Minutes Show
By Yasin Ebrahim
Economists Are Bad At Predicting Recessions
Every president’s election-year nightmare — a recession — is suddenly looming over the 2020 race. In a survey released earlier this week by the National Association of Business Economics, 38 percent of economists predicted that the country will slip into an economic downturn next year, and another recent poll of economists put the chances of a recession in the next 12 months at 1 in 3. Those predictions are getting a lot of attention, and it’s not hard to see why — an economic slowdown in the middle of the presidential election cycle could reshape the race, potentially changing the calculus of Democratic primary voters and undermining President Trump, who has made the strong economy a central selling point of his presidency.
Argentina slashes benchmark interest rate to 40%; seventh cut since December
The bank said the cut was based on a slowdown in inflation and that the move was aimed at helping revive economic growth, vital as the country looks to avoid defaulting on its debts.
Everyone Tries To Dodge The Tax Man, And It Keeps Getting Easier
Al Capone was busted for tax evasion. Leona Helmsley was, too. But gangsters and entitled millionaires aren’t the only ones who hold something back from the tax man. Each year, Americans of all stripes underpay the IRS by hundreds of billions, aided by the fact that the agency lacks the resources to catch all the cheaters.
Do You Buy That … A Contested Convention Is A Real Possibility?
Do You Buy That | 2:29 Do You Buy That … A Contested Convention Is A Real Possibility? By Nate Silver Subscribe on YouTube All videos Do You Buy That … Read More
We Fixed An Issue With How Our Primary Forecast Was Calculating Candidates’ Demographic Strengths
Welp, this is never fun. We discovered an issue with how our primary model was making state-by-state and district-by-district forecasts. Specifically, the model was not properly calculating the demographic regressions that we use as a complement to the polls.
Congress Is Throwing A Little Money At Gun Violence Research. It Might Go A Long Way.
The Dickey Amendment is dead. Or, maybe it’s more that it has eroded into a shadow of what it once was. First passed into law in 1996, the Amendment is widely credited with ending federal funding of gun violence research in the United States. But while Dickey is technically still on the books, Democrats have chipped away at its power over the last couple years — first with an official clarification that the Centers for Disease Control and Prevention can study gun violence, and now a bipartisan agreement to provide $25 million of actual funding to back that up.
S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
NEW YORK (Reuters) – The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic.
