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The Fed official most concerned about possible asset bubbles presses the alarm button (again)

Boston Fed President Eric Rosengren said in an interview with MarketWatch that other assets classes besides commercial real estate are now a bit above historic valuations, complicating life for the central bank.

6 min ago
Empire State factory gauge declines for third straight month in January

The Empire State manufacturing survey slipped to 17.7 in January from a revised 19.6 in December, the New York Fed said.

30 min ago
Hit to leading universities from new tax may be in tens of millions of dollars

Some universities may have tens of millions of dollars fewer to spend on students due to a new tax on the returns of endowments.

30 min ago
University says it won’t accept Chinese foundation money after Ted Cruz worries about ‘propaganda’ | Bannon to answer lawmakers’ Russia questions

The University of Texas at Austin declared its China center won’t accept funding from a Hong-Kong based foundation after Sen. Ted Cruz worried about ‘propaganda’; Steve Bannon to appear before House committee to answer Russia questions; lawmakers eye another stopgap budget; and more.

58 min ago
4 ways this tech CEO is increasing workplace diversity

Quizlet’s CEO wants the company’s workforce look like the overall makeup of the San Francisco Bay Area.

9:18 a.m. Today
What Jeff Sessions doesn’t understand about medical marijuana

The Rohrabacher–Farr amendment that bars the Justice Department from spending money to keep states from implementing their own laws about “the use, distribution, possession or cultivation of medical marijuana” expires on Jan. 18.

8:21 a.m. Today
Stronger growth is about to take off on another productivity boom

The Trump economy is off to a good start, and it’s going to get even stronger when new technologies boost productivity, writes Peter Morici.

6:02 a.m. Today
China's Dagong cuts U.S. rating after tax reforms

China's Dagong Global Credit Rating Co. has downgraded its sovereign credit ratings for the U.S., citing political "deficiencies." Dagong, one of China's major ratings agencies, announced the cut in the local and foreign-currency sovereign ratings from A- to BBB+ on Tuesday. In its statement, Dagong said the Trump administration's "massive tax cuts directly reduce the federal government's sources of debt repayment, therefore further weakens the base of government's debt repayment. The tax cuts act implemented from 2018 did not attack the root cause of the unsustainable debt-driven economy of the U.S., so it is projected that the U.S. economy [grows] only 2.3% in 2018, and would grow even more slowly in the years after."

5:52 a.m. Today
Jared Kushner was warned by U.S. over Wendi Deng Murdoch and China

U.S. officials have had concerns about a counterintelligence assessment that Ms. Murdoch was lobbying for a high-profile construction project funded by the Chinese government in Washington, D.C., according to people familiar with the matter.

2:37 a.m. Today
Government-shutdown deadline looms with Congress still stymied

A firestorm ignited by President Donald Trump’s remarks last week has imperiled lawmakers’ ability to reach a deal on immigration and spending levels, according to congressional aides, as a possible government shutdown looms at week’s end.

4:27 p.m. Jan. 15, 2018
‘I’m not a racist,’ Trump says, as he warns DACA is ‘probably dead’

“I’m not a racist,” President Donald Trump said Sunday, as he blamed Democrats for ruining chances of immigration legislation and protection for so-called “Dreamers.”

9:45 p.m. Jan. 14, 2018
North, South Korea to meet again Monday to discuss Winter Olympics

The two Koreas agreed to meet for a second time on Monday to work out plans on how to accommodate North Korea’s participation in next month’s Winter Olympics, Seoul’s government said Saturday evening, in talks that are likely to determine how closely the two rivals will interact on the world stage.

5:17 p.m. Jan. 14, 2018
MSNBC’s Joy Reid told ‘just move to Haiti’ amid furor over Trump’s alleged remarks

A heated interview between Pastor Mark Burns and talk-show host Joy Reid on her Saturday morning show on MSNBC resulted in the pastor making off-air remarks via Twitter that the host should move to Haiti.

5:14 p.m. Jan. 14, 2018
GOP senator now denies Trump used vulgarity in immigration meeting

Two Republican senators called into question whether President Donald Trump used the term “shithole countries” in a meeting with lawmakers on immigration last week, as critics of the president did not back down and continued to suggest his words were racist.

4:58 p.m. Jan. 14, 2018
Trump disputes North Korea quote in WSJ interview

The White House disputed that President Donald Trump told The Wall Street Journal in an interview Thursday that “I probably have a very good relationship with Kim Jong Un of North Korea,” saying that Trump had instead said “I’d probably have a very good relationship” with the North Korean leader.

4:49 p.m. Jan. 14, 2018
Hawaii false alarm an ‘unfortunate situation’ Homeland Security chief says

U.S. Homeland Security Secretary Kirstjen Nielsen cautioned Sunday that Americans should not react to Saturday’s false alarm in Hawaii, warning of a nonexistent ballistic missile attack, by disregarding emergency warnings in the future.

4:39 p.m. Jan. 14, 2018
Don’t worry: Americans aren’t taking on a lot of debt

This is why the numbers don’t support the debt scolds.

11:08 a.m. Jan. 13, 2018
An open letter to Oprah on getting girls ready for the executive suite

Women are underrepresented as business leaders, and the way to change that is to start early. By Jennifer Openshaw.

9:24 a.m. Jan. 13, 2018
Here’s where inflation hit your wallet hardest in 2017

Two charts show exactly which items contributed the most to inflation over the past year.

4:53 p.m. Jan. 12, 2018
Supreme Court to hear internet sales tax case

The Supreme Court on Friday said it would consider whether states can broadly require online retailers to collect sales taxes even if they lack a physical presence in the state, a case that could have a major impact on online commerce.

4:22 p.m. Jan. 12, 2018
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