NewsWatch: Flynn who? For the stock market, it’s all about tax cuts and the Santa rally
MARKETWATCH FRONT PAGE
Even as stocks bounce around and volatility spikes on news that a former member of President Donald Trump’s inner circle pleaded guilty to lying to the FBI, analysts played down the toxicity of the political rodeo on equities, betting that optimism over tax cuts on top of a Santa rally will carry the market further and higher. See full story.
Senate passes tax bill, advancing top Republican priority
The Senate early Saturday passed a sweeping tax-code overhaul almost entirely along party lines, advancing a top policy goal of congressional Republicans and President Donald Trump. See full story.
Trump breaks silence on Flynn, says he had ‘nothing to hide’
Trump tweeted out that he fired Flynn for lying to the FBI and Vice President Mike Pence, but that the former national security advisor had done nothing wrong “during the transition.” See full story.
This gift will turn your child into a savvy investor
A relatively small investment now can make your child’s life so much easier when he or she grows up See full story.
One in five American households have ‘zero or negative’ wealth
U.S. homes have regained value since the Great Recession, but many households have not. See full story.
MARKETWATCH PERSONAL FINANCE
More than 100 top hedge fund managers were evaluated for signs of psychopathic tendencies and their investment performance assessed in a academic study. See full story.