Creating a legal marijuana market in the UK could offset the entire NHS deficit

Getty Images A legal cannabis market in the UK could boost the treasury by £1 billion ($ 1.33 billion). This is a figure so high it could offset the escalating NHS deficit.   LONDON — A legal cannabis market could generate over £1 billion ($ 1.33 billion) in tax revenue — a figure so high it […]

The US reportedly sent China a to-do list to fix deficit and avoid a trade war

Getty Images / Thomas Peter-Pool The US asked China in a letter last week to cut the tariff on US autos, buy more US-made semiconductors and give US firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday. Alarm over a possible trade war between the world’s two largest economies […]

US to allocate $250mn to ‘tackle Russian influence’ amid soaring military spending & budget deficit

The US is allocating $ 250 million to counter Russian influence, according to a government spending bill, which also provides for a record boost in US defense spending and a significant sum for military assistance to Ukraine. With claims and allegations of Russian meddling swirling around Washington DC since the 2016 election, “not less than […]

Dropbox’s IPO filing reveals 500M users but a $1 billion deficit

In a move reminiscent of Snap’s IPO journey, Bloomberg sources claimed last month that Dropbox had quietly filed to become a public company. Suspicious hires last year had tipped their hand, and we waited to see what would happen for a company valued over $ 10 billion a few years ago. Today, Dropbox’s IPO filing […]

A Conservative Uprising Confronts GOP Deficit Hawks

Updated on November 29 at 6:13 p.m. ET The fate of the Republican tax overhaul is coming down to a confrontation between the Senate’s few remaining deficit hawks and the GOP’s most ardent tax-slashers. It’s a fight that has been building for months and now centers on a proposal from Senators Bob Corker of Tennessee […]

Democrats need to stop whining about the deficit

Kevin Lamarque/Reuters Democrats are opposing Republican tax cuts partly on the basis that they will expand the US budget deficit. That’s the wrong argument to make — not just now but in any low-inflation environment. The right argument against the plan is that it’s skewed toward the wealthy and includes changes that won’t benefit the […]

Judge's bat comes to life as Yankees slash ALCS deficit to 2-1

Aaron Judge hit a three-run homer and a made pair of sparkling catches, leading CC Sabathia and the Yankees over the Houston Astros 8-1 Monday night and cutting New York’s deficit to 2-1 in the best-of-seven AL Championship Series. #AllRise – #ALCS edition. — @MLB Sabathia allowed three hits over six scoreless innings for […]

China just posted a shock trade deficit as Lunar New Year distortions wreak havoc on the data

REUTERS/Stringer China’s February trade report has stunned financial markets. Imports surged while export growth slowed, leading to a shock trade deficit being recorded. According to China’s General Administration of Customs, yuan-denominated imports jumped by 44.7% from the levels of a year earlier, easily surpassing the 25.2% growth of January and forecasts for a smaller increase […]