Here comes another paradox: on one hand, the Beige Book describes an economy that is expanding "modestly", and is overall in great shape. On the other, the Fed is widely expected to cut rates by at least 25bps in two weeks...
The Obamas may have intended to make a film about workplace culture clashes. However, as it turns out, American Factory is at its core a damning snapshot of American labor entitlement...
...the United States is locked on a path that leads directly to the Third World of 60 years ago. President Trump is helpless to do anything about it...
DIS shares gave up the day's gains into the close and into after-hours following reports from a whistleblower that the company had materially overstated revenue for years.
"As the assets shrink, the pension funds go into a financial death spiral. We might end up with some kind of Puerto Rico–style pseudo-bankruptcy or federal bailout. Everybody in the nation is now on the hook for Illinois politicians' irresponsible decisions."