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Since Donald Trump’s inauguration, the economy has seemed surprisingly strong. The stock market has surged to record highs behind Trump’s plans for tax reforms and corporate stimulus packages. But on Tuesday, Federal Reserve chairwoman Janet Yellen testified before Congress as to whether we should be worried or not. What does the Fed think about the direction in which our economy is headed?
Read The Capitalist’s Take Here
Read More at NY Times
Read More at ABC News
MICHAEL FLYNN, TRUMP’S NATIONAL SECURITY ADVISOR, RESIGNS AMIDST RUMORS OF RUSSIAN TIES
Embattled White House national security adviser Michael Flynn resigned Monday night, an abrupt end to a brief tenure. His departure came just after reports surfaced that the Justice Department warned the Trump administration last month that Flynn misled administration officials regarding his communications with the Russian ambassador to the United States and was potentially vulnerable to blackmail by the Russians.
Read More at CNN Here
Read More at The Huffington Post Here
Read More at NPR Here
HUMANA BECOMES FIRST INSURER TO ANNOUNCE IT WILL DROP OUT OF OBAMACARE EXCHANGE
Humana said it will leave the commercial individual insurance business effective in 2018 including coverage offered on public exchanges under the Affordable Care Act after being unable to successfully manage the costs of sick patients. The Louisville, Ky.-based insurer is the first major insurer to announce its plans for next year as the Republican-led Congress and the White House under Donald Trump struggle to come up with a repeal, repair or replacement for the ACA…
Read More at Forbes Here
Read More at The Hill Here
Read More at CNBC Here
Closing Bell
– Tuesday, February 14th
Markets Continue Historic Rise as Investors Buy Into Yellen’s Congressional Testimony
Big Insider Trades
– Alphabet, Inc. (GOOG) President Sergey Brin Sells $27.5m
– Arconic, Inc. (ARNC) Stakeholder Elliott International Buys Yet Another $7m
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