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Merrill Lynch

China posts worst export fall since 2009 as fears of U.S. trade war loom

BEIJING China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald

Presidential Debate A Clash of Ideologies

Rachel Marsden, When you filter out all the background noise generated by the first presidential debate between Republican nominee Donald Trump and Democratic nominee Hillary Clinton, you realize that this contest isn’t about right versus left at all. Just throw out the old paradigms of Republican and Democrat because they no longer apply. In the

Trump is Right about stocks and the economy

Donald Trump. Just uttering his name will summon a powerful mix of emotions in the average American depending on their political bent. The GOP presidential frontrunner continues to ruffle feathers, crash the status quo — and he remains the only Republican with a path to the nomination on the first ballot at the party’s convention.

Bank of America Lost $2.7 Billion in a Maze of Accounting

 Last month, Citigroup failed the Fed’s stress test because, even though it would meet minimum capital requirements in a severely adverse scenario, the Fed wasn’t comfortable with Citi’s capital planning process. Meanwhile, Bank of America passed the stress test and was authorized to increase its capital return by about $6.5 billion, because the Fed concluded

Property-Tax Collections Rising at Fastest Pace Since U.S. Crash

 Property-tax collections are rising at the fastest pace since the U.S. housing market crash sent government revenue plunging, helping end an era of local budget cuts. In cities including San Jose, California, Nashville, Tennessee, Houston and Washington, revenue from real-estate levies has set records, or is poised to. Local governments are using the money to