Financial markets

Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew)
April 26, 2017 - 2:40 pm
NEW YORK (AP) — Stock indexes ticked higher on Wednesday, and the Standard & Poor's 500 index flirted with its record high, as the White House unveiled a broad outline of its plan to cut tax rates. The market has sprinted higher since November, due in large part to expectations that lower taxes...
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Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew)
April 26, 2017 - 12:29 pm
NEW YORK (AP) — Stock indexes made modest gains Wednesday, and the Standard & Poor's 500 index flirted with its record high, as markets wait to see what the White House has in store for U.S. tax policy. Stocks have sprinted higher since November, due in large part to expectations that lower...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 26, 2017 - 11:41 am
WASHINGTON (AP) — President Donald Trump is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class. The White House on Wednesday was to release broad outlines of...
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Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew)
April 26, 2017 - 10:57 am
NEW YORK (AP) — Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. Stocks have sprinted higher since November, due in large part to expectations that lower taxes and looser regulations for businesses are on the...
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April 26, 2017 - 10:05 am
NEW YORK (AP) — Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. Stocks have sprinted higher since November, due in large part to excitement that lower taxes and looser regulations for businesses are on the way...
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FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. President Donald Trump’s plan to provide massive tax breaks to corporations faces big challenges as Washington struggles with mounting debt and the populist president tries to make good on promises to bring jobs and prosperity to the middle class. (AP Photo/J. David Ake, File)
April 26, 2017 - 9:23 am
WASHINGTON (AP) — President Donald Trump is proposing "the biggest tax cut" ever even as the government struggles with mounting debt, in an effort to fulfill promises of bringing jobs and prosperity to the middle class. White House officials on Wednesday were to release broad outlines of a tax...
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A currency trader watches monitors near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, April 26, 2017. Asian stocks marched higher on Wednesday as expectations for the impending tax cuts by U.S. President Donald Trump and the record-breaking gains overnight on Wall Street boosted investor sentiment. (AP Photo/Lee Jin-man)
April 26, 2017 - 5:19 am
SEOUL, South Korea (AP) — Shares were mixed in Europe on Thursday after another day of gains in Asia as investors awaited U.S. President Donald Trump's announcement on tax cuts that could give a boost to U.S. companies and household spending. KEEPING SCORE: Britain's FTSE 100 lost 0.1 percent to 7,...
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A currency trader watches monitors near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, April 26, 2017. Asian stocks marched higher on Wednesday as expectations for the impending tax cuts by U.S. President Donald Trump and the record-breaking gains overnight on Wall Street boosted investor sentiment. (AP Photo/Lee Jin-man)
April 26, 2017 - 3:17 am
SEOUL, South Korea (AP) — Shares rose in Asia on Wednesday after hopes for tax cuts by President Donald Trump drove record-breaking gains overnight on Wall Street. KEEPING SCORE: Japan's Nikkei 225 jumped 1.1 percent to 19,289.43 and South Korea's Kospi rose 0.5 percent to 2,207.84. Hong Kong's...
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FILE - In this Tuesday, March 22, 2016, file photo, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, speaks to Treasury Secretary Jacob Lew on Capitol Hill in Washington, as Lew testified before the committee's hearing on the state of international finance. Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the Dodd-Frank law, the stricter regulations that took effect after the 2008 financial crisis and Great Recession. The sweeping legislation rolled out by Hensarling, a Texas Republican who is Dodd-Frank's fiercest foe and heads the House Financial Services Committee, could dismantle the financial law. (AP Photo/Jacquelyn Martin, File)
April 25, 2017 - 2:42 pm
WASHINGTON (AP) — Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the stricter regulations that took effect after the 2008 financial crisis and Great Recession. A House committee takes up legislation Wednesday that would defang the tighter rules. While...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 8:36 am
WASHINGTON (AP) — President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also...
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