Finance

Stocks rise on Wall Street as rally stretches to fourth day

NEW YORK — Stocks closed broadly higher on Wall Street Monday, extending the market’s gains from last week and sending the major indexes to record highs. The S&P 500 and Nasdaq notched all-time highs for the third straight trading day. The Dow Jones Industrial Average bested its last record high set in late November. Surprisingly […]

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Liquor Taxes Could Go Up 400%, Thanks to Congressional Dysfunction

“We’re all a little dizzy,” said Margie Lehrman, the chief executive of the American Craft Spirits Association, which lobbies on behalf of small distillers. “The congressional leadership seems stuck because of issues much larger than us.” Industry lobbyists and legislators who support the bill say that at this point the most they can realistically expect

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Frederick B. Dent, Commerce Secretary Under Nixon, Dies at 97

In 1969, he was appointed to a Nixon administration commission, headed by Thomas S. Gates Jr., a former defense secretary in the Eisenhower administration, that concluded that the national interest would not be adversely affected by ending the military draft and replacing it with all-volunteer armed forces. As the war in Vietnam wound down, conscription

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