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Michigan would take ‘hardest hit’ from border-tax plan

  Bloomberg Michigan, a state critical to Donald Trump’s presidential win, would be the hardest hit by a proposed 20 percent tax on US companies’ domestic sales and imports, according to a study released by conservative groups associated with billionaire brothers Charles and David Koch. The report, which used federal tax, labor and census data, was commissioned by Freedom Partners ...

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Manhattan townhouse fetches $79.5 million, setting price record

  Bloomberg A home on Manhattan’s Upper East Side sold for $79.5 million, according to property records made public, making it the highest price ever paid for a townhouse in the borough. The 20,500-square-foot property, at 19 E. 64th St., had been owned by the Wildenstein family, billionaire art dealers whose gallery was located at the site for more than ...

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Stocks markets fluctuate, dollar rises amid policy bets

  Bloomberg Investors turned attention to Washington to gauge the prospects for sweeping policy changes a day after the Federal Reserve roiled markets with talk of shrinking its balance sheet. The S&P 500 Index fluctuated as a rally in crude boosted energy shares, while banks stumbled after White House economic adviser Gary Cohn was said to support separating their business ...

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