Wall Street Sets Low Expectations for Corporate Earnings
Posted inBolsonaro, Jair (1955- ) Company Reports Corporate Social Responsibility Federal Reserve System Goldman Sachs Group Inc House Financial Services Committee House Freedom Caucus House of Representatives JPMorgan Chase & Company Ma, Jack McCarthy, Kevin (1965- ) Republican Party Roy, Chip (1972- ) Stocks and Bonds Sunak, Rishi (1980- ) Tencent Holdings Ltd United States Politics and Government Wells Fargo & Company

Wall Street Sets Low Expectations for Corporate Earnings

Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs.
Speaker Drama Raises New Fears on Debt Limit
Posted inConservatism (US Politics) Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Recession and Depression Republican Party Social Security (US) Taxation United States Economy United States Politics and Government

Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
Republicans’ Internecine Conflict Is Mirrored in Conservative Media
Posted inBannon, Stephen K Boebert, Lauren Buckley, William F Jr Carlson, Tucker Conservatism (US Politics) Fox News Channel Hannity, Sean House of Representatives National Review News and News Media Republican Party Right-Wing Extremism and Alt-Right Tea Party Movement Television United States Politics and Government Wall Street Journal

Republicans’ Internecine Conflict Is Mirrored in Conservative Media

National Review has called the House leadership votes “an embarrassing spectacle.” Others have cheered it on.
Kevin McCarthy’s Business Ties Complicate His Rise to Power
Posted inBankman-Fried, Sam Benioff, Marc Butterfield, Stewart Democratic Party Elections Federal Reserve System House of Representatives Labor and Jobs McCarthy, Kevin (1965- ) Republican Party Ryan, Paul D Jr Salesforce.com Inc Standard & Poor's 500-Stock Index Teneo Holdings LLC United States Politics and Government

Kevin McCarthy’s Business Ties Complicate His Rise to Power

To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.