Trump rings Wall Street opening bells and says the stock market ‘is going to go through the roof’
Trump used the occasion to promote the launch of “Trump accounts,” which are special investment accounts for children under age 18.
Trump used the occasion to promote the launch of “Trump accounts,” which are special investment accounts for children under age 18.
In June 2026, the European Commission proposed a Tax Omnibus package to simplify the EU’s direct taxA direct tax is levied on individuals and organizations and is not expected to be passed on to another payer (unlike indirect taxes such as sales and excise taxes), though economic incidence can still fall upon others. Often with…
Growth theory is based on the assumption of exponential total factor productivity (TFP) growth, or that the conditional expectation of the next TFP increment is proportional to the current level of TFP. In the U.S., we find strong evidence that TFP growth is conditionally additive, not exponential. Even starting from low priors, Bayesian estimation selects…
I had a chance to see a monumental production of Shakespeare’s Henry VI at the Public Theater in New York City. The show is rarely performed due to its extreme length, but it was beautifully acted and staged. The show was also violent and leaned heavily on themes of family ties and loyalty; it was thrilling. Walking home,…
Middle East oil producers plan to build new pipelines to reduce their dependence on the Strait of Hormuz, as Iran disrupts the Gulf states’ seaborne crude exports with near daily attacks on tankers. But new pipelines will not end the threat to the region’s energy exports, analysts said. This infrastructure is just as vulnerable to…
I am extremely grateful to David S. Lee for his tremendous guidance and support on this project. I thank Alexandre Mas, Henry Farber, Felix Koenig, and the participants at the Industrial Relations Section labor seminar for their many helpful comments and suggestions. I also benefited from feedback by Stephen Trejo, Rob Metcalfe, and the audiences…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 08, 2026 Minutes of the Federal Open Market Committee, June 16-17, 2026 For release at 2:00 p.m. EDT The Federal Reserve on Wednesday released the minutes of…