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Donald Trump gets ready to take office in just a few days. The time leading up to his inauguration has been a whirlwind of political and financial action focused around Trump’s promises to increase jobs and strengthen the U.S. economy. And while Republicans have started to rally around the new president, there seems to be a little rift within the party. Paul Ryan and the GOP have introduced a new plan called the border adjustment tax, which the GOP believes will boost U.S. manufacturing. But Trump has criticized the plan and is calling for something economists fear will start a trade war. Why are economists so worried? What’s the best course for the U.S.economy?
Read The Capitalist’s Take Here
Read More at Barron’s
Read More at CNN
BRITISH AMERICAN TOBACCO TO PAY $49 BILLION FOR FULL CONTROL OF REYNOLDS AMERICAN
Reynolds American has agreed to be fully acquired by British American Tobacco, the cigarette companies said on Tuesday, in a $49 billion deal that will create a global tobacco powerhouse. The acquisition will bring brands like Camel, Lucky Strike, Newport, Kent and Pall Mall under the same umbrella and create the world's largest publicly traded tobacco company by sales…
Read More at Forbes Here
Read More at Reuters Here
Read More at BBC Here
JUSTICE DEPARTMENT FINALIZES MORTGAGE SETTLEMENT WITH DEUTSCHE BANK
The Department of Justice on Tuesday finalized its settlement with Deutsche Bank with the bank paying $3.1 billion and providing $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities over allegations the German institution misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities between 2006 and 2007. The settlement was along the same financial terms as Deutsche Bank had previously announced. Deutsche Bank admits making false representations and omitting material information from disclosures to investors about the loans included in RMBS securities, the DOJ said…
Read More at MarketWatch Here
Read More at CNBC Here
Read More at Yahoo Finance Here
Closing Bell
– Tuesday, January 17th
Markets, Dollar Close Lower Amid Investor Uncertainty Over Trump Policies
Big Insider Trades
– DISH Network Corp. (DISH) EVP Thomas Cullen Sells $3.75m
-Lawson Products, Inc. (LAWS) Stake Owner King Luther Capital Buys $5.3m
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