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The House Republican bill to reform the tax code meets its first real test Monday, with House Ways and Means Chair Kevin Brady bringing his bill to the committee for the start of a multi-day markup.
There’s a mystery facing the new Fed chair nominee Jerome Powell — and a false step could hurt the economy. And in other news, New York Fed President William Dudley is planning to retire early.
- Twitter’s stock price is down after its fourth-largest investor was arrested in a Saudi Arabian anti-corruption sweep
- Oil climbs after Saudi Arabia detains princes and dozens of former officials
- There’s one group of stocks that’s destroying the market since the election — all thanks to Trump
- AMD and Intel are reportedly teaming up to take on Nvidia
- Bitcoin hits all-time high ahead of another potential fork
- Bitcoin’s ‘bubble’ is unlike anything we’ve seen recently
New York City Mayor Bill de Blasio wrote for Business Insider today, saying that Trump’s tax plan would be like asking New Yorkers to take out $US1,000 to give it to a hedge-fund manager.