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Friday, April 28, 2017

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Bob Staake

A psychological quirk leads us to remember headwinds more than tailwinds. But if we recall our advantages, we will be closer to reducing inequality.

G.D.P. Report Shows U.S. Economy Off to Slow Start in 2017

The government said gross domestic product grew at an annual rate of 0.7 percent in the first quarter, a three-year low, as consumer spending let up.

Time Inc. Decides Not to Sell Itself

The company said it would remain independent and would pursue its strategic plan of digital growth and new revenue opportunities.

Movers: Exxon, G.M., Time Inc. and the U.S. Economy

We followed major developments in the markets throughout the day. Check here for the latest updates.

With New Funding, Didi Chuxing, an Uber Rival, Looks Beyond China

The ride-sharing company raised $5.5 billion, making it one of the world’s largest start-ups and underscoring its global ambitions.

Morning Agenda: ‘Afflictions of the Affluent’

Donald J. Trump championed the cause of blue-collar voters on the campaign trail, but, now he is president, his tax plan would shift trillions to America’s richest.

Utah Attorney General Makes a Trump Shortlist, and Donations Pour In

The donations to Sean Reyes, a candidate to lead the Federal Trade Commission, aren’t illegal. But their timing shows the power of the political shortlist in Washington.

Trump Tax Plan Would Shift Trillions From U.S. Coffers to the Richest

The vast majority of benefits would go to the highest earners and largest holders of wealth, analysts said, setting up a battle over the government’s strained resources.

Republicans’ Fiscal Discipline Wilts in Face of Trump’s Tax Plan

Some G.O.P. lawmakers are rallying around the idea that less taxation is more important than less debt, in a break from their party’s vocal deficit hawks.

Trump Orders Easing Safety Rules Implemented After Gulf Oil Spill

President Trump aims to roll back the Obama administration’s attempts to ban oil drilling off the southeastern Atlantic and Alaskan coasts.

Cloud Produces Sunny Earnings at Amazon, Microsoft and Alphabet

The impact on quarterly results announced Thursday was particularly acute at Amazon, far and away the leader in online computing services.

State and Local Tax Deduction: An Item Blurring Party Lines

White House and congressional proposals would eliminate the provision, challenging tradition and bipartisan defenders in wealthy and populous states.

Revisiting Nafta: The Stakes for Key Industries

President Trump says he won’t immediately try to terminate the North American Free Trade Agreement, but some sectors would be vulnerable in a renegotiation.

A.M.T., With Few Defenders, Is Newly Targeted in Trump Tax Plan

The alternative minimum tax was enacted to make sure high-income earners didn’t avoid a fair share of tax, but many say its effectiveness has eroded.

Common Sense

Economists Fear Trump’s Tax Plan Only Heightens a ‘Mountain of Debt’

A president who campaigned as a fiscal scold offers a tax overhaul that many experts say would mean trillions in lost revenue, and new borrowing, in the next decade.

Trump’s Day of Hardball and Confusion on Nafta

White House officials portrayed the president’s reversals as a vindication of his management style, saying he had brought Mexico and Canada to the negotiating table.

Movers: Dan Loeb Takes Aim at Honeywell

We followed major developments in the markets throughout the day. Check here for the latest updates.

Insight & Analysis
DealBook Column

Partisan Divide Over Economic Outlook Worries Ben Bernanke

Republicans think the economy is surging. Democrats think a recession is imminent. When economics become politicized, it leads to bad policy.

White Collar Watch

A Whack at Dodd-Frank Could Hamstring the S.E.C.

The Financial Choice Act 2.0 could make life easier for Wall Street defendants accused of wrongdoing, or at the least slow the enforcement process down.

Street Scene

Bring Back Glass-Steagall? Goldman Sachs Would Love That

Senator Elizabeth Warren wants to separate commercial banking from investment banking. That won’t fix Wall Street, though it could help Goldman Sachs.

Special Sections
Special Section
DealBook: Business Goes to Washington

“We are absolutely destroying these horrible regulations that have been placed on your heads.” — President Trump.

Editors’ Picks
The Housing Trap

Seller financing can become a money trap for low-income buyers.

Markets »

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