Opinion: Cities are questioning the point of parking garages

For the past century, the public and private sector appear to have agreed on one thing: the more parking, the better. As a result, cities were built up in ways that devoted valuable space to storing cars, did little to accommodate people who don’t own cars, and forced developers to build expensive parking structures that … Read more

State of the Union: 5 key challenges for Biden as he delivers his speech

President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office. Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American … Read more

Pence house in Indiana to be searched by FBI for additional classified material

WASHINGTON — The FBI is expected to search former Vice President Mike Pence’s Indiana home for classified material in the coming days, according to people familiar with the matter, as senior government officials come under increased law-enforcement scrutiny of their handling of such documents.

McConnell ousts Senate Republicans Rick Scott and Mike Lee from Commerce Committee. Both opposed McConnell’s continued leadership.

Rick Scott listens to a question at a January news conference at the U.S. Capitol. Anna Moneymaker/Getty Images Senate Minority Leader Mitch McConnell booted two Republican lawmakers from a powerful Senate committee on Wednesday after an unsuccessful attempt last year to oust him from his longtime leadership position.  Senate Republicans Rick Scott of Florida and Mike … Read more

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The … Read more

BOJ’s Wakatabe: Commitment to monetary easing hasn’t changed

Bank of Japan Deputy Gov. Masazumi Wakatabe said Thursday that the central bank’s easy stance and its commitment to achieving sustainable 2% inflation remain unchanged. “The bank’s commitment to continuing with monetary easing has not changed at all,” Wakatabe said in a speech. After raising a cap on the 10-year government bond yield to 0.5% … Read more

McCarthy says he’s optimistic about ‘common ground’ with Biden on debt limit

House Speaker Kevin McCarthy on Wednesday said he was optimistic about finding “common ground” with President Joe Biden over the U.S. debt ceiling, but refused to discuss specific budget cuts he is seeking in exchange for raising the borrowing limit. “I can see where we can find common ground,” McCarthy told reporters outside the White … Read more

Ron DeSantis pushes permanent ban on Florida sales tax on gas stoves

Ron DeSantis, the governor of Florida and a likely 2024 candidate for president, delivered on an earlier promise Wednesday when he said new gas stoves — in fact, all gas appliances — should be exempt from his state’s sales tax. DeSantis rolled out the first budget of his second term, and among the proposed breaks for taxpayers is … Read more

Amazon, Apple, Microsoft set records with their spending on Washington lobbying

Amazon.com Inc., Apple Inc. and Microsoft Corp. set records in their disclosed annual spending on Washington lobbying last year, as each tech giant shelled out more in a year than it ever has before amid pressure from Congress and the Biden administration. Amazon AMZN, -0.86% and three subsidiaries shelled out a total of $21.38 million … Read more

Opinion: The WTO no longer serves U.S. foreign-policy interests

The World Trade Organization no longer serves U.S. foreign policy interests. The U.S. and its allies established the General Agreement on Tariffs and Trade to limit tariffs and quantitative restrictions and to promote trade in goods. Re-christened the WTO in 1995, agreements were added to cover trade in services and discipline domestic policies affecting commerce in areas … Read more