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4 Reasons Private Prisons Could Still Prosper, With Or Without Jeff Sessions As AG
Thursday, July 27, 2017 - 3:15pm | 539Jeff Sessions, the U.S. Attorney General, has entered the bad books of President Donald Trump ever since he recused himself from the Russia investigation, which is probing into the Trump campaign's alleged collusion with Russia. The president has stopped short of firing Sessions but has been...
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Different Market, Same Story: Subprime Auto Loan Defaults On The Rise
Saturday, July 22, 2017 - 3:48pm | 613Stop me if you’ve heard this one before. Subprime auto lending has soared since the U.S. mortgage bubble burst back in 2008, and, predictably, default rates have started to follow suit. This week, 90-day auto loan delinquency rates eclipsed 3.8 percent, their highest levels since the...
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US House Budget Still Operating Under 'Fanciful Assumption' Of ACA Repeal
Wednesday, July 19, 2017 - 12:25pm | 459Health care reform once again seems dead in the water for now, leaving investors to turn their attention to another top Republican priority: tax reform. The House Republican fiscal 2018 budget resolution unveiled Tuesday was the first step in the tax reform process. An important detail included in...
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Congressional Committee Meets To Iron Out State, Federal Rules For Self-Driving Cars
Wednesday, July 19, 2017 - 12:12pm | 329The House Energy & Commerce Subcommittee is meeting Wednesday on a legislation to decide whether to increase the safety standard for 100,000 self-driving vehicles set to be deployed. This is the first piece of legislation aimed at autonomous vehicles, and would "require the National...
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GOP Health Care Reform: How It Got To Where It Is, What's Likely To Happen Next
Wednesday, July 19, 2017 - 11:27am | 376The drama in Washington surrounding health care reform seems to change on a daily basis, and the most recent maneuver by Senate Majority Leader Mitch McConnell has some Republicans scratching their heads. After Republicans failed to scrape together enough votes to pass the second version of their...
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The Latest On Drug Pricing, Healthcare Bill As Senate Takes Up Issue In Earnest
Tuesday, June 13, 2017 - 3:59pm | 407It’s going to be busy this week in the healthcare industry, with several key developments on the schedule that could have a major impact on the U.S. healthcare sector. What A Week First, on Monday, the Centers for Medicare and Medicaid Services released the latest batch of Health Insurance...
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Trump's Treasury Department's First Crack At Banking Reform Looks Pretty Positive, If You're A Bank
Tuesday, June 13, 2017 - 2:49pm | 494The U.S. Treasury has issued its first of four reports on the state of financial regulations in the U.S. Tuesday, and the report sheds some light on just how favorably the Trump administration intends to treat the banking sector. The Treasury made a number of recommendations of ways to modify...
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Will Qatar Blockade Quandary Create A Catalyst For U.S. Gas Companies?
Tuesday, June 13, 2017 - 1:48pm | 477For U.S. natural gas investors, Qatar’s problems may be the American natural gas industry’s opportunity. Diplomatic tensions between Qatar, the world’s largest natural gas exporter, and six Arab countries, including the United Arab Emirates and Egypt, recently came to a head over...
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There's A New Sheriff At The SEC: What's It Mean For The Fiduciary Standard?
Thursday, June 8, 2017 - 1:39pm | 447The first stage of an important new rule for anyone who uses a financial advisor will officially roll out on Friday. The Department of Labor is moving forward with the first stage of the new fiduciary rule, a federal regulation requiring financial advisors to act in the best interest of their...
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What Quorum Health Stands To Lose If The GOP Health Reform Bill Passes
Tuesday, June 6, 2017 - 2:36pm | 384The entire U.S. healthcare industry has a lot riding on President Trump’s healthcare reform plan. However, Quorum Health Corp (NYSE: QHC) may have a lot more riding on the plan than others, according to Height Securities analyst Shrey Verma. A major part of Quorum’s turnaround efforts...
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White House Pushing 'Infrastructure Week': Here's What To Expect
Monday, June 5, 2017 - 12:07pm | 524On Monday, President Donald Trump kicked off his effort to reform the Federal Aviation Administration. The initiative is expected to mirror a plan by House Transportation & Infrastructure Committee Chairman Bill Shuster, which died after committee last year. Privatizing Air-Traffic Control The...
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Sugar Standoff: U.S. & Mexico Race To Ink Deal On Exports To Head Off Higher Prices
Monday, June 5, 2017 - 11:06am | 524The United States and Mexico must reach an agreement Monday on how to structure Mexican sugar exports to the U.S. or the Department of Commerce will begin antidumping and countervailing duties that could top a combined 80 percent, Height Securities reports. If no deal is reached, Mexico will likely...
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In Other News, CBO Says Postal Service Reform Bill Could Save $6.2 Billion Over 10 Years
Monday, June 5, 2017 - 10:51am | 397It turns out, there are things happening in Washington other than investigations into Russia, healthcare reform and President Donald Trump’s tweets. An under-the-radar Postal Service reform bill would save the country $6.2 billion over the next decade, according to the Congressional Budget...
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The Trends Pressuring Used Car Sales In 2017
Friday, June 2, 2017 - 2:17pm | 481The auto industry has been suffering from a pricing decline so far in 2017, but slumping prices are not the only issue weighing down the industry in 2017. Credit deterioration and regulatory investigations into the use of GPS systems and kill switches are also issues that could impact auto lending...
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For This Congress, Tax Cuts Are The Entree, Reform The Side Dish
Thursday, June 1, 2017 - 12:01pm | 369One of the top priorities of President Donald Trump and Republicans in Congress is to ease the tax burden on American companies. Republicans will likely use a combination of tax cuts and tax reform to lower corporate taxes to 25 percent, Height Securities analyst Peter Cohn said. In fact,...