The Origin Of The Rust Belt – Part 1

In our new book Taxes Have Consequences: An Income Tax History of the United States, my co-authors Arthur Laffer, Jeanne Sinquefield, and I devote two chapters to the states and their imposition of ne...

Stock Market Today: The Dow Edged Higher, While Tech Stocks Rallied

Text size A trader works on the floor of the New York Stock Exchange. Spencer Platt/Getty Images The stock market largely gained on Friday, closing out a volatile week of trading. Stability in the bon...

Revlon Has Declared Bankruptcy. More Defaults Could Be on the Way.

Text size Cosmetics company Revlon has filed for Chapter 11 bankruptcy. There could be more defaults on the way for U.S. companies. Dreamstime With fears that a recession is looming, there could be mo...

Cleveland-Cliffs Stock Will Benefit From Russia’s Ukraine War. Here’s Why.

Text size Cleveland-Cliffs could benefit from a shortage of steel. Sean Gallup/Getty Images Cleveland-Cliffs stock is JPMorgan’s top pick in the steel sector, the investment bank said Thursday, as Rus...