Paul: Here’s what will happen to the markets this year 23 Hours Ago | 02:20One ardent critic of Donald Trump critic believes the so-called Trump rally will soon hit a wall. “I think they’re realizing that the euphoria has passed, [so] although the markets are up today, I think that’s [why stocks fell this week],” former presidential hopeful Ron Paul said Tuesday on CNBC’s “Futures Now.” Still, the Dow did extend its eight-day losing streak, its longest since 2011, and investors were left wonderi

If Boston Federal Reserve President Eric Rosengren gets his way, the central bank will be a lot more aggressive this year with raising interest rates. In a speech Wednesday, Rosengren said he believes four rate hikes this year are appropriate, with the Federal Open Market Committee raising its short-term target rate a quarter point “at every other” meeting this year. However, Rosengren said four moves should be the Fed’s “default” position unless the data dictate that a shift is necessary. Thoug

The European Union’s response to the official triggering of Brexit negotiations by the U.K. was tinged with a sentiment of regret and sadness. “There’s no reason to pretend this is a happy day, neither in Brussels nor in London,” President Donald Tusk of the European Council said shortly after receiving the official notification from the U.K. that it is withdrawing from the EU. In an emotive, yet short, address to the media, Tusk said that paradoxically Brexit has made the other 27 European coun

Health and Human Services Secretary Tom Price said he will uphold the Affordable Care Act because it is the law of the land, but when it comes to promoting Obamacare enrollment and enforcing some of its regulations, he was non-committal. But Democrats pressed the health secretary on whether he’s committed to upholding both the letter and the spirit of the law, or whether he’ll be using his discretion to undermine regulations, such as not enforcing the individual mandate or not promoting Obamacar

Shares of Ollie’s Bargain Outlet climbed nearly 5 percent Wednesday after one analyst said the company was among the “most cushioned retailers” from a potential border adjustment tax, or BAT. “Ollie’s significantly outperformed most retailers in the quarter with solid same-store sales growth … even as the company cycled [through] some of the toughest comparisons,” McKeever said. Ollie’s reported adjusted fourth-quarter earnings of 39 cents on sales of $283.4 million, topping Thomson Reuters co

Drugmakers may soon face renewed pressure on high prices, now that Republicans have pulled their American Health Care Act, Citi said. “We anticipate that President Trump will seek a bipartisan ‘repair bill’ of ACA (Obamacare) using drug price legislation to secure the support of enough Democrats to secure passage,” Citi analyst Andrew Baum wrote in a Monday note. The Trump administration’s failure to get enough votes to pass the GOP’s health proposal “increases the legislative risk to pharma pri

Twenty-three people were hospitalized on Wednesday after a chemical leak at the headquarters of cereal maker Kellogg, according to a report from Wood TV. The company evacuated employees from the north tower at 1 Kellogg Square in Battle Creek,Michigan, once the suspected Freon leak was noticed. “We had a refrigerant leak at our headquarters building this morning,” a representative for Kellogg said, according to Wood TV. “The leak has been stopped and we are cooperating with authorities to ensure

Some $542 billion entered index funds while $442 billion departed active portfolios. Long bull markets always tend to show a surge in money willing simply to match the market return at low cost. There’s some evidence in recent months of diminished correlations as central-bank influence on prices has ebbed, but this isn’t tied to “dumb index funds.” That might be good for fundamental stability, but not for market dynamism or for picking tomorrow’s winners and losers. Where do all these daunting t

“I am not running for public office,” Chelsea Clinton said in an interview with Variety, quelling rumors that have circulated about potential bids to follow in her parents’ footsteps. The 37-year-old daughter of Bill and Hillary Clinton said that anyone running for office must consider whether they would do a better job than the current people fulfilling those roles. Being born into a high-profile family of politicians, Chelsea Clinton has always been in the public light. Over the years, many ru

To make the point, privately-held CKE, branded Carl’s Jr. in the West and Hardee’s in the East, will roll out a fictional character named Carl Hardee Sr., a curmudgeonly founding figure. The ads will air extensively on cable TV stations, aimed at repositioning Carl’s Jr. as the place to go for quality. Even though Carl’s Jr./Hardee’s sexy ads surfaced as an issue wielded by his opponents to the job in the new administration, Puzder says he has no regrets. In 2016, chain restaurants overall had t

BlackRock is ditching human managers in some of its actively managed funds in favor of technology-driven strategies. “Its traditional active funds have struggled and it recognizes that it is difficult for traditional stock selectors to consistently outperform,” said Alex Bryan, director of passive strategies research at investment analysis firm Morningstar. BlackRock’s change in strategy comes as investors are abandoning actively managed funds at a rapid clip. Active U.S. stock funds held $3.6 t

Applying to medical school is an intense and difficult process. Batista has gotten offers from 11 medical schools so far, including Columbia, Einstein, NYU, Weill Cornell and Stony Brook. 1) Start earlyBatista has known she wanted a career in the medical sciences since junior high, so she attended a high school with a gateway-to-medicine program. She also participated in summer programs at medical schools well before she even started college. “There are a lot of requirements to follow while appl

Many of us who are self-employed look back on our 9 to 5 cubicle days and wonder: How did I ever do that? “You don’t need some kind of proof; all you need is to commit to your passion. Don’t get hung up on all the stuff you don’t know. Focus on making this dream a reality by doing everything with what you do know.” To get things off the ground, set aside some fundsMake a list of all your monthly expenses and figure out what you’ll need to cover them.

NBCUniversal has reached an advertising deal with Snap for the Winter Olympics that could be worth $50 million to $75 million, sources told The Wall Street Journal on Wednesday. The deal would let Snap share exclusive NBC Olympic content in a live story alongside user posts, the Journal reported. NBC could then sell ad slots on the Snapchat content, and could also sell national filters and lenses to marketers, which would be unprecedented. The partnership comes after NBC invested $500 million in

Fed’s Williams: Should not rule out more than 3 hikes this year 1 Hour Ago | 01:11Another Federal Reserve official went on the record Wednesday saying that interest rates could go up faster than expected this year. San Francisco Fed President John Williams said his central bank colleagues should not “rule out more than three increases total for this year.” The Fed already approved one hike earlier this month, with forecasts anticipating two more before the year ends. “In fact, if you do the math

Brokerage Cowen Group shares surged 19 percent on Wednesday after Chinese conglomerate CEFC China said it agreed to acquire a stake of about 20 percent in the U.S. company for $100 million. Privately held CEFC China will also provide Cowen with $175 million in debt financing, the companies said. “This partnership will accelerate growth in Cowen’s core areas of expertise: investment banking, equities, research and investment management,” Cowen Chief Executive Peter Cohen said. CEFC will pay $18 f

A handwritten letter notifying the EU of the U.K.’s intention to leave was delivered to Donald Tusk, the president of the European Council, by Tim Barrow, the U.K.’s ambassador to the EU, at 1:30 p.m. Brussels time. Tusk has previously said the EU is ready to respond within 48 hours of obtaining the notification. The two-year time limit can be extended with the unanimous consent of both the U.K. government and the European Council, which consists of the leader of each of the 27 member states rem

Samsung unveiled the Galaxy S8 on Wednesday, its latest flagship smartphone boasting a new voice assistant and larger display as the technology titan looks to steal a march on Apple and regain ground after the embarrassing Note 7 saga. The device comes in two models with different screen sizes – the 5.8-inch Galaxy S8 and 6.2-inch Galaxy S8 Plus. “With the Samsung Galaxy S8 breaking design boundaries and with high expectations for a significant upgrade to the iPhone to mark the product’s tenth a

Please refresh the page if you do not see a player above at that time.] The bipartisan leaders of the Senate Intelligence Committee speak Wednesday about their ongoing investigation into alleged Russian meddling in the 2016 election. The statements from Republican Chairman Sen. Richard Burr of North Carolina and Democratic Vice Chairman Sen. Mark Warner of Virginia follow commitments from several associates of President Donald Trump to testify on possible ties to Moscow. The Senate committee pla

In a tweet, the California Democrat questioned what the “holdup” was after the White House denied reports Tuesday that it tried to stop Yates from testifying. Also Wednesday, Nunes told NBC News that “it appears like the Democrats aren’t really serious” about the probe. Some Democrats have accused Nunes of trying to undermine the investigation’s independence from the White House and called on him to recuse himself from it. Nunes and White House Press Secretary Sean Spicer denied that the White H