Donald Trump’s campaign committee is still sending solicitations to supporters, asking them to donate money. One donation page on Trump’s web site states that contributions up to $2,700—the legal maximum for a candidate’s campaign committee, per cycle—will go toward paying down debt accumulated during
Banks and energy firms have been big winners since Donald Trump stunned the world with his surprise victory in the US presidential election on Nov. 8. Stocks in those two sectors are up around 10% since Election Day, as investors anticipate new Trump policies favorable toward each industry.
Trump will reportedly pay $21 million in two class-action lawsuits filed by people who paid to attend the seminars, and contend they were ripped off. As is customary in such settlements, Trump will admit no wrongdoing. This would be a good deal for Trump even at a much higher price, because protracted
Mexico seems to be on the losing side of the US presidential election, since incoming President Donald Trump has threatened to wall off America’s southern neighbor and demand concessions in order to continue as a favored trading partner. If Trump builds his beloved wall, for instance, it will require
Main Street is finally catching up to Wall Street. The Index of Main Street Entrepreneurship, calculated by the nonprofit Kauffman Foundation, recently hit the highest level since 1997, when the organization began taking measurements. There are many other signs of a strong economy getting stronger,
Eight days after Donald Trump won the 2016 presidential race, the Ford Motor Co. (F) CEO told reporters at a trade show that Trump’s trade plans, if enacted, “would have a huge impact on the economy.” And he didn’t mean a positive impact. Fields is feisty because Trump, while campaigning, singled out
President-elect Donald Trump rallied angry voters by blaming trade for the loss of high-quality jobs. In fact, Trump’s predecessor in the White House, Barack Obama, made a similar case back in 2010. Specifically, Obama called in his 2010 State of the Union speech for doubling exports by the end of
Warren Buffett has changed his mind. The famed investor has long railed against airline stocks, saying as recently as 2013 that they’re a “death trap for investors.” Buffett struggled with an investment in USAir back in 1989 and has avoided the boom-and-bust—mostly bust—industry ever since. The latest
Ted Cruz was a frugal spender when he ran for president earlier this year. Four super PACs supporting the Republican senator from Texas raised $45 million. But after Cruz dropped out of the race in May, some of those donors got a lot of their money back. Energy investor Toby Neugebauer donated $10 million
Incoming President Donald Trump says he wants, above all, to help the “forgotten men and women” of America. Trump has laid out his own benchmarks for success in various campaign documents. To do this, Trump plans to slash taxes for businesses and individuals, giving everybody more disposable income
About half of Americans own stocks, and they’ve already cashed in on Donald Trump’s surprise election in the 2016 presidential race. The Dow Jones Industrial Average has hit a new record high, with broader markets up a nifty 1.5% or so since Election Day. Bank stocks are up about 8% since Election
For those unaware, President-elect Donald Trump has a 100-day plan to blitz Congress with new legislation meant to turbocharge the economy after he takes office. Some elements of the plan—tougher trade deals, a crackdown on undocumented workers, tax cuts that would inflate the national debt—have spooked
Markets have calmed down since Donald Trump won the 2016 presidential election, but the policies he favors still pose many land mines for the economy. Trump has promised to unravel free-trade deals, roust undocumented workers out of the country and perhaps even send Federal Reserve chair Janet Yellen
Immigration and trade became flash points because Donald Trump, the Republican presidential nominee, ignited them. The whole country isn’t falling behind, but enough of it is to rattle the entire political establishment, from Bernie Sanders’ surge on the left to Trump’s capture of the Republican Party
The offer was too good to resist: “an exclusive, non-transferable, invitation-only opportunity to receive a limited edition Trump Black Card.” That’s what the email from the Trump campaign said. My $35 payment to the Trump Make America Great Again Committee posted to my credit card on Oct. 11. Maybe
For all the talking Donald Trump and Hillary Clinton have done during the last 18 months, they’ve said almost nothing about Social Security and Medicare. The emergency will come at some point, since Medicare is due to run short of funds starting in 2028, and Social Security starting in 2034.
Supply-side economics is back this year, in the form of Donald Trump’s tax plan. The Republican presidential nominee insists that a huge tax cut, putting more money in most Americans’ pockets, will boost spending, job creation, growth and prosperity. Ronald Reagan pushed supply-side economics in the
On one thing–and perhaps one thing only–Donald Trump and Hillary Clinton agree: It’s time to invest a lot more in roads, bridges and the like. Clinton, the Democratic presidential nominee, unveiled a plan earlier this year to spend as much as $500 billion on new infrastructure projects. Trump, the
Trump wants to deport all 11 million or so undocumented workers and their families, which could cause a labor shortage in industries such as farming, landscaping and meatpacking. Democrat Hillary Clinton would take the opposite approach, seeking a pathway to citizenship for most undocumented workers
Donald Trump has a number: 3.5%, or more. Trump, the Republican presidential nominee, thinks he’s found a magic formula, but many economists think he’s wrong. Trump would remake trade deals, reenergize American manufacturing, unleash domestic energy production, hack down regulations, slash taxes and
The Federal Reserve’s path forward just got clearer—unless Donald Trump becomes the next president. Investors think a decent October jobs report has paved the way for a Fed interest-rate hike in December, because it showed an improvement in income growth plus 161,000 new jobs. It would be the first
The most contentious issue during the recent Yahoo Finance Trump-Clinton economic debate was Hillary Clinton’s plan for “business tax reform.” Those are the words used on her website to describe how she’ll come up with $275 billion to spend rebuilding infrastructure and creating jobs.
Donald Trump wants to bring back millions of manufacturing jobs. Hillary Clinton wants to spend billions building new roads and bridges. This year’s presidential candidates have great prescriptions—for the economy of 1996.
On these key issues and many others, Donald Trump and Hillary Clinton are miles apart, with economic proposals that in many ways are diametrically opposed. Trump wants faster growth now, and he believes a few crucial moves will make it possible. Clinton believes it will take longer-lasting change to