Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

“We have not been on a constructive track,â€� Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday. “I think that’s fair to say.â€� Volcker, widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s, said Trump’s big tax cuts and spending increases underscore the lack of transparency of the president’s administration. Whatever you think about that tax bill, it shouldn’t have been rammed through Congress without any debates at midnight on Dec. 31,â€� Volcker said.

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Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

(Reuters) – Allergan Plc on Monday said it would buy Zeltiq Aesthetics Inc for about $2.48 billion to gain access to its flagship body contouring technology.

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Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Boeing, machinists face off over union at South Carolina plant

NEW YORK/NORTH CHARLESTON, S.C. (Reuters) – Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation's most strongly anti-union state. The world's largest planemaker is running a hardball campaign against the International Association of Machinists and Aerospace Workers (IAM), which is trying to organize about 3,000 workers at one of two plants where Boeing makes 787 Dreamliners. The other, in Washington state, has long been unionized by the IAM.

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Boeing, machinists face off over union at South Carolina plant

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

By Helen Reid and Abhinav Ramnarayan COVENTRY, England (Reuters) – U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

Trump blasts retailer Nordstrom, raising new concern on business ties

WASHINGTON/CHICAGO (Reuters) – President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a commercial matter involving his daughter, Nordstrom reiterated that its action last week was based on declining sales of the Ivanka Trump products. “My daughter Ivanka has been treated so unfairly by @Nordstrom.

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Trump blasts retailer Nordstrom, raising new concern on business ties

U.S. job growth accelerates in January, but wages lag

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. The unemployment rate, however, rose one-tenth of a percentage point to 4.8 percent and wages increased by only three cents, suggesting that there was still some slack in the labor market.

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U.S. job growth accelerates in January, but wages lag

Lockheed, Pentagon announce $8.5 billion F-35 order

The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon's most expensive program. This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as “out of control” in December. The price per jet has been steadily declining as production ramps up, and defense analysts have said the discount hailed by Trump was in line with what had been flagged by Lockheed and Pentagon officials for months.

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Lockheed, Pentagon announce $8.5 billion F-35 order

Savaged dollar steadies ahead of Fed, stocks rise

World stocks made their first gain in five days on Wednesday as the dollar steadied from turbulence after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage. The U.S. currency suffered its worst January in three decades after President Donald Trump complained that every “other country lives on devaluation”. Bargain hunters nudged the dollar up 0.15 percent in Asian and European trading, reassuring themselves that the Federal Reserve should signal later that it still plans to raise U.S. interest rates a number of times this year.

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Savaged dollar steadies ahead of Fed, stocks rise

Trump pushes drugmakers for lower prices, more U.S. production

WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump in a meeting on Tuesday with pharmaceutical executives called on them to manufacture more of their drugs in the United States and cut prices, while vowing to speed approval of new medicines and ease regulation. “We’re going to streamline the FDA,” Trump said in a statement, referring to the regulatory agency responsible for vetting that new drugs are safe and effective. The meeting between Trump and the pharmaceutical executives signaled a defusing of tensions that have kept drug stock prices in check since the presidential election.

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Trump pushes drugmakers for lower prices, more U.S. production