Donald Trump criticized a cornerstone of House Republicans’ corporate-tax plan, which they had pitched as an alternative to his proposed import tariffs, creating another point of contention between the incoming president and congressional allies.
The International Monetary Fund raised its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to President-elect Donald Trump’s plans to cut taxes and boost infrastructure spending.
The first box-office bombs of 2017 have landed. Four new releases -- Jamie Foxx’s “Sleepless,” Ben Affleck’s “Live by Night,” Martin Scorsese’s “Silence” and the children’s movie “Monster Trucks” -- all failed to register with moviegoers. “Hidden Figures” held its top spot with an estimated $26 million in the U.S. and Canada over the four-day weekend.
Companies are increasingly exploring the economics of moving production to the U.S., as an overhaul of the U.S. tax code looms and President-elect Donald Trump calls out their peers for expanding abroad.