After a strong start, U.S. stocks abruptly sell off after machinery maker Caterpillar says it doesn't expect to top its first-quarter profit for the rest of the year.
The investment bank says first-quarter profits rose by 26 percent, helped by a lower tax bill and market volatility.
Public policies such as President Trump’s tax cuts and President Reagan’s legalization of stock buybacks are tilted to the benefit of those at the top.
"Tuesday night is Trump's State of the Union address. Nobody knows exactly what he will be discussing, but I'm absolutely certain what he will not be talking about."
The coffee giant says policy changes will affect about 150,000 employees, most of whom work as baristas or shop managers.
On the White House story about who will benefit most from the new legislation, the president may be a fool. But the treasury secretary is most certainly a knave.
The company says it's too early to know how many jobs will be lost. Earlier, it cited the Trump-GOP tax change in announcing the higher hourly wages and bonuses.
The new mark comes just five weeks after 24,000 was reached in an eight-year rally that continues to confound skeptics.
The veteran journalist shares his thoughts on the Republican tax bill and class warfare in our "age of unreason."
Invest in the education, health care and infrastructure that average Americans need to be more productive. Growth doesn’t “trickle down.” It rises up.