Overbought conditions and the chaos in Washington, D.C., are justifications for some corrective stock market action, writes James "Rev Shark" DePorre, though the bears have much to provide as traders are hesitant to relent..NIO
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President Donald Trump is likely to serve out his last nine days in office without being removed and will carry on with an appearance of business as usual
On Monday, Trump held a private ceremony awarding ally Jim Jordan with the Presidential Medal of Freedom
He plans to travel on Tuesday to the U.S.-Mexico border wall to celebrate 400 miles of wall competed
On Thursday, Trump plans to award another Medal of Freedom to New England Patriots head coach Bill Belichick
Senator Lindsey Graham held a four hour meeting with Trump on Friday where he advised the president to engage in events all week focused on policy
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America’s six largest banks could raise interest rates in response to what would be an $11 billion tax increase under a plan proposed by President-elect Joe Biden.
“Banks were among the biggest beneficiaries of the corporate tax cut,”
said Jason Goldberg, an analyst at Barclays PLC. “And higher rates will cut into their profit, just like it would for other U.S.-based companies. But, at the end of the day, the most important thing for banks is the health of the economy.”
The country’s six biggest banks are set to save about $10 billion on taxes in 2020, even after lower earnings in a pandemic altered economy.
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Pence has NOT ruled out using the 25th Amendment but fears Trump will do something to jeopardize national security if he does - as it s revealed VP sheltered in bunker with family and heard MAGA mob chanting Hang Mike Pence , CNN reports
Vice President is keeping the move to invoke the 25th Amendment on the table for if or when Trump becomes more unstable in the coming days, said a source
Pence s team is concerned the president could take action that would risk national security if the 25th Amendment or an impeachment is pursued
Pence is working to ensure there is a smooth transition to the Biden administration and that the incoming team are prepared for the pandemic