Illinois

Wall Street Explains What Today's Failure To Repeal Obamacare Means For Markets

"The fact this bill, which the President has said flat-out he will make it work for all Americans in general, can't pass is an indication this agenda is going to be more ambitious than this Congress can work with.... It is an indication that investors should not expect the kind of velocity in terms of agenda accomplishments they were expecting when he was elected."

Watch Live: Gorsuch Takes The Stand As Republican Threat Of "Nuclear Option" Looms

After a full day allotted for "opening statements" yesterday, Neil Gorsuch once again takes the stand before the Senate Judiciary Committee today but this time he'll actually be entertaining questions rather than sitting in awkward silence as Democrats takes potshots at his professional career.  Grab your popcorn because today's festivities are scheduled for 10 hours of fun.

Famous Twitter "Trader" Arrested For Stealing $1.5 Million, Running A Ponzi

Randy Rye told investors that they would earn substantial profits from his proprietary trading program. In reality, Rye misappropriated the investors’ funds for his own personal expenses, such as air and hotel travel costs, including vacations to St. Lucia and Bali, tickets to sporting events, including the World Series and the Masters golf tournament, and on other luxury items and large cash withdrawals.

Great Moments In Local Government Tyranny

We focus most of our ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government...

Frontrunning: March 3

  • Investors Await Yellen Speech for Clues on Fed’s Next Move (WSJ)
  • Russian Ambassador Avid D.C. Networker (WSJ)
  • Pence Used Private Email for Public Business as Indiana Governor (BBG)
  • Hedge Fund Titans Face What Comes Next as They Pass Certain Age (BBG)
  • Japan returns to inflation for first time since 2015 (FT)

Federal Officials Are Searching Caterpillar's Corporate Headquarters; Stock Plunges

Federal officials have executed search warrants at three Caterpillar, Inc. facilities in the Tri-County Area — including the corporate headquarters — Thursday morning. Company officials confirmed the presence in a statement without specifying which agency was performing the search or what the search was in regard to.

Yes She May: Oprah Hints At Presidential Run

"I actually never thought that that was – I never considered the question, even a possibility.  I thought, 'Oh, gee, I don't have experience. I don't know enough. I don't...'  And now I'm thinking, 'Oh! Oh!'"