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Mnuchin confirms Trump to propose 15% corporate tax rate

MarketWatch Market Pulse - 10 hours 37 min ago

Treasury Secretary Steven Mnuchin confirmed on Wednesday that the White House tax plan will include a 15% corporate tax rate. That is down from the current 35%. Mnuchin also indicated the administration has shelved the so-called border adjustment tax for now, saying it doesn't work "in its current form." He said there will be more details on the plan later Wednesday, and that it would be the biggest tax cut in history.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Rod Dreher's Monastic Vision

RealClearPolitics - 10 hours 44 min ago
Josh Rothman, The New Yorker
Rod Dreher was forty-four when his little sister died. At the time, he was living in Philadelphia with his wife and children. His sister, Ruthie, lived in their Louisiana home town, outside St. Francisville (pop. 1,712). Dreher’s family had been there for generations, but he had never fit in. As a teen-ager, when his father and sister went hunting he stayed in his room and listened to the Talking Heads; he read “A Moveable Feast” and dreamed of Paris. He left as soon as he could, becoming a television critic for the Washington Times and then a film critic for the New York...

Trump Has Been Spectacularly Lucky in His Enemies

RealClearPolitics - 10 hours 45 min ago
Michael Goodwin, New York Post
Unless the world ends before Saturday, most assessments of President Trump’s first 100 days will include a mix of the good, the bad and the ugly. The emphasis will reveal more about those doing the grading than Trump himself.

Trump to order broad review of national monuments

Reuters US Politics - 10 hours 46 min ago
WASHINGTON (Reuters) - U.S. President Donald Trump will sign an executive order on Wednesday to identify national monuments that can be rescinded or resized - part of a push to open up more federal lands to drilling, mining and other development.

How Hollywood Remembers Steve Bannon

RealClearPolitics - 10 hours 46 min ago
Connie Bruck, The New Yorker
Stephen K. Bannon, who maintains a precarious hold over the nativist wing of the Trump White House, honed his skills in the art of conservative persuasion in the most liberal precinct of the American imagination, Hollywood. He became himself in the byways of the movie business. These days, Bannon is a dishevelled presence in the Oval Office, but he cut a different figure in Beverly Hills, where he looked the part of a Hollywood executive—fast-talking, smartly dressed, aggressively fit, carrying himself with what one former colleague described as an “alpha swagger.” He worked...

Act 1: All Drama, No Action for Trump

RealClearPolitics - 10 hours 54 min ago
Mark Salter, RealClearPolitics
As he approaches the milestone he embraced as a candidate and tries to downplay as president, Donald Trump’s product launch has been a failure. None of the bold strokes he promised in his first months in office to “make America great again” yet exist in legislative form or in law. Obamacare is still with us. The North American Free Trade Agreement still governs our trade relations with Mexico and Canada. No ground has been broken on a Trump-branded infrastructure project. Trump’s steep budget cuts are mostly non-starters in Congress. Not a dollar has been appropriated...

Tesla's Model S, Model X safety ratings lowered by Consumer Reports

MarketWatch Market Pulse - 10 hours 57 min ago

Consumer Reports has lowered safety ratings on Tesla Inc.'s Model S and Model X because the electric car marker has not enabled them with an automatic emergency braking safety feature it said would come as standard. Telsa has said it is working through problems with software, "but that has left owners without the promised feature, some for as long as six months," the publication said Wednesday. Previous versions of both models came with AEB as standard, but models made between late October 2016 and now do not. Tesla told the publication it expects the software update to come as soon as Thursday. Consumer Reports adds points to its ratings of vehicles that offer AEB as a standard feature, valuing the technology for its ability to prevent crashes. Tesla shares were slightly lower premarket, but have gained a stunning 48% in 2017, while the S&P 500 has gained 6.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

McDonald's partners with Nintendo for Super Mario Happy Meal toys

MarketWatch Market Pulse - 10 hours 59 min ago

McDonald's Corp. said Wednesday that it has partnered with Nintendo Co. Ltd. to bring eight toys based on Super Mario characters to Happy Meals from April 26 to May 22. The toys include Mario, Luigi and Princess Peach, and each will have a special function. There will also be a sweepstakes for a chance to win one in 100 Nintendo Switch Prize Packs, including a Nintendo Switch system and a Mario Kart 8 Deluxe game, which launches April 28. McDonald's shares are down 0.2% in premarket trading, but up 9.8% for the year so far. Nintendo shares are up 12.6% for the year to date, and the Dow Jones Industrial Average is up 6.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Test your fake news radar with this quiz!

MiddleEasteye - 11 hours 3 min ago

Dear readers, give this a whirl

Seagate's stock pulls back sharply after revenue miss offsets profit beat

MarketWatch Market Pulse - 11 hours 3 min ago

Shares of Seagate Technology PLC slumped 5.7% in premarket trade Wednesday, after the data storage company reported fiscal third-quarter revenue that missed expectations. The company swung to a profit of $194 million, or 65 cents a share, in the quarter to March 31, from a loss of $21 million, or 7 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.10, above the FactSet consensus of $1.07. Revenue increased to $2.67 billion from $2.60 billion, but was below the FactSet consensus of $2.71 billion. Cash flow from operations was $426 million, above the FactSet consensus of $340.6 million. The stock had soared 32% year to date to close Tuesday at the highest level since September 2015. The S&P 500 has gained 6.7% so far this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Trump slams federal court ruling on funding for 'sanctuary cities'

Top Reuters News - 11 hours 5 min ago
WASHINGTON (Reuters) - President Donald Trump on Wednesday attacked a federal judge's ruling that blocked his executive order seeking to withhold funds from "sanctuary cities" for illegal immigrants, vowing to appeal it to the U.S. Supreme Court.

Trump slams federal court ruling on funding for 'sanctuary cities'

Reuters US Politics - 11 hours 5 min ago
WASHINGTON (Reuters) - President Donald Trump on Wednesday attacked a federal judge's ruling that blocked his executive order seeking to withhold funds from "sanctuary cities" for illegal immigrants, vowing to appeal it to the U.S. Supreme Court.

Starbucks Reserve Roastery coming to Chicago in 2019

MarketWatch Market Pulse - 11 hours 22 min ago

Starbucks Corp. said Wednesday that it will open a Starbucks Roastery on Chicago's Michigan Avenue in 2019. The Chicago Roastery will cover 43,000 square feet and four stories in a glassy, modern structure that is now the flagship location for Chicago-based retailer Crate & Barrel. In addition to offering multiple brewing methods and special Reserve beverages, the new Starbucks concept will also include food from Princi. The location will be the third Roastery in the U.S. and the sixth globally. The Seattle location opened in 2014, and a New York City Roastery will open in 2018. Shanghai, Milan and Tokyo locations are slated for openings in the coming year. Starbucks shares are up 0.7% in premarket trading, and are up 9.8% for the year so far. The S&P 500 index is up 6.7% for 2017 to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Whisky galore: Iran's alcohol mules risk all to feed illegal party scene

MiddleEasteye - 11 hours 35 min ago
Language Undefined

Kurds lug whisky and vodka over mountains dividing Iran from Iraq, dodging border guards, wolves and frostbite to keep up with demand

Why Democrats Are Dropping More F-Bombs Than Ever

RealClearPolitics - 11 hours 35 min ago
Alex Caton, Politico
The last few months have seen expletives ringing from large sections of the Democratic bench. In a New York Magazine profile this month, Senator Kirsten Gillibrand (D-NY) included one “fuck,” two “fucking”s, one “bullshit,” one “pissed off,” one “they suck,” and a “what the hell is going on?" DNC Chairman Tom Perez has awkwardly but assuredly brought profanity into his stump speeches, saying at a January DNC Future Forum, “if you don’t have the trust of the community, then you ain’t got shit,” and...

Boeing shares fall premarket after revenue falls short of estimates

MarketWatch Market Pulse - 11 hours 39 min ago

The Boeing Co. shares fell 1.1% in premarket trade Wednesday, after the company's first-quarter revenue came in below expectations. The aerospace company said it had net income of $1.45 billion, or $2.34 a share, in the first quarter, up from $1.22 billion, or $1.83 a share, in the year-earlier period. Adjusted per-share earnings came to $2.01, ahead of the FactSet consensus of $1.91. Revenue fell to $20.9 billion from $22.6 billion, just below the FactSet consensus of $21.3 billion. "We remain on track to achieve our full-year revenue, earnings and cash flow targets as our teams deliver on our large and diverse order backlog," Chief Executive Dennis Muilenburg said in a statement. The company raised its full-year EPS outlook to a range of $10.35 to $10.55 from a prior range of $10.25 to $10.45. It raised its adjusted full-year outlook to $9.20 to $9.40 from a prior range of $9.10 to $9.30. Revenue is expected to range from $90.5 billion to $92.5 billion. Shares have gained 19% in 2017, while the Dow Jones Industrial Average has gained 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Algeria calls Macron a 'friend' after colonialism comments

MiddleEasteye - 11 hours 41 min ago
Language Undefined

French presidential candidate praised for admitting 'barbaric' effects of colonialism, as opponent Le Pen says it has done a 'great deal' for Algeria

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