Iran Says US Repeating ‘Big Lies’ After Trump’s State of the Union Address

Tesla Earnings Preview: "Braced For A Miss" Tesla reports after the US market close on Wednesday and according to the UBS trading desk, there has been very little discussion around TSLA lately, with the stock drifting 14% lower for most of the year until last week, when it squeezed higher to trade just below $390.  The company has been the laggard among mega-cap peers despite still-lofty expectations. Consensus points to 1Q revenue of about $22.7 billion, with adjusted EPS around 38 cents and roughly 25 cents on a reported basis, even...

Brussels Eyes Wealth Taxes As Europe’s Fiscal Crisis Spirals Submitted by Thomas Kolbe A fatal fiscal dynamic has become entrenched across the European Union. In nearly every member state, public spending is accelerating at all levels — from municipalities and social insurance systems all the way up to the European Commission — while the private economy at best stagnates and its industrial core sectors visibly erode. This dangerous economic imbalance, in which a shrinking private sector is forced to finance a continuously expanding state apparatus, is already producing fiscal consequences visible in...

Senate Confirms Kevin Warsh As Fed Chair In Most Partisan Vote Ever Update: In a largely party-line vote, the U.S. Senate on Wednesday confirmed President Donald Trump’s nominee Kevin Warsh to a 14-year term as the next Chair of the Federal Reserve, succeeding Jerome Powell whose term as chair ends this Friday. The 54-45 vote was the slimmest confirmation margin ever for a head of a central bank, reflecting fears that he'll be Trump's puppet.  Trump has made no secret that he expects rates to lower under Warsh after repeatedly slamming Powell for monetary policy Trump feels is...