Money

Democrats Embrace Controversial Strategy With Trump, Trade, and Impeachment

Just after 9 a.m. on Tuesday, House Speaker Nancy Pelosi stood with House Democrats as they announced articles of impeachment against President Donald Trump for abuse of power and obstruction of Congress. It is only the third time in American history that the House has taken that step to attempt to remove the president from …

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3 Lessons for Today’s Economy from Former Fed Chair Paul Volcker’s Long and Storied Career

Paul Volcker’s death closed the career of an unusually influential, important—and controversial—economist. His role in finally ending the use of the gold standard during the Nixon administration still leaves some disgruntled. Millions still resent the double-digit interest rates and runaway inflation they were meant to stop of the 1980s when he was chairman of the …

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Why 13 Republican Representatives Voted Against Banning Insider Trading

Insider trading is illegal in the United States, but what that actually means is often up to interpretation. The term has never had an official statuary definition, causing prosecutors a lot of headaches as they attempt to argue cases based on court precedent instead of on a set of established standards.  On Thursday, Congress attempted …

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This Year’s Hottest Job Involves Artificial Intelligence

Bye bye blockchain developer, hello artificial intelligence specialist. That role, A.I. specialist, is the fastest growing U.S. job in terms of number of hires, at least according to LinkedIn, which published its annual emerging jobs report on Tuesday. Hirings for A.I. specialists on the career networking service have grown 74% annually over the past four …

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Nissan Is Facing Another $22 Million in Fines Over Carlos Ghosn’s Pay

Nissan Motor Co. is set to be fined 2.4 billion yen ($22 million) for underreporting former chairman Carlos Ghosn’s compensation, Japan’s securities regulators said. The Securities and Exchange Surveillance Commission made the recommendation just over one year after Ghosn’s arrest, which shocked the auto industry and triggered turmoil at the Japanese automaker and its alliance …

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Remembering Paul Volcker

This is the web version of CEO Daily. To get it delivered to your inbox, sign up here. Good morning. Paul Volcker, the chairman of the Federal Reserve Board who tamed double-digit inflation in the 1980s, died Sunday at the age of 92. As a cub reporter in the 1980s, I was assigned to follow …

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