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POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Sallie Mae ® Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services' morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you nee...

POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 04/16/2021 08:00 AM EDT Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services' morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need w...

The U.S. is Losing $1 Trillion Annually to Tax Cheats: Live Updates S&P 500 Source: Factset Charles Rettig, the commissioner of the Internal Revenue Service, said during a Senate Finance Committee hearing that the agency lacks the resources to go after tax cheats.Credit...Anna Moneymaker for The New York Times The United States is losing approximately $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats. The so-called tax gap has surged in the last decade. The la...

Image Image Jamie Dimon thinks a boom is coming — but worries about too much of a good thing.Credit...Jeenah Moon/Reuters Dear shareholders … The annual letter to shareholders by JPMorgan Chase’s chief Jamie Dimon was just published. The widely read letter is not just an overview of the bank’s business but also covers Mr. Dimon’s thoughts on everything from leadership lessons to public policy prescriptions. “The U.S. economy will likely boom.” A combination of excess savings, deficit spending, a potential infrastructure bill, vaccinations and “euphoria ...

Tech Stocks Rally, Leading S&P 500 Above 4,000: Live Updates RIGHT NOW By: Ella Koeze·Data delayed at least 15 minutes·Source: FactSet A rally in big technology stocks, a tailwind of economic optimism following the latest big spending plan from the Biden administration and a jump in oil prices all came together on Thursday to lift Wall Street and lead the S&P 500 index above 4,000 for the first time. It was a second consecutive day of gains in technology stocks, which had struggled in February and March to keep pace with the rest of the market as investors shifted their focus to companies...