Apr 4, 2017

Trump Admin considering carbon tax

Walter via Flickr CC

The Trump Administration is considering a carbon tax, which would target emissions of carbon dioxide in the burning of fossil fuels, according to an official and a person briefed on the matter, per The Washington Post.

Our thought bubble: The White House first declined to rule a carbon tax out, then told Axios last month it was ruling it out, so we'll see if the seesaw continues.

The Administration is also reportedly considering a value-added tax, which consumers would pay when making purchases and businesses would pay when buying supplies, services, or raw materials.

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Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Go deeperArrow2 hours ago - Health

Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Go deeperArrowUpdated 2 hours ago - Economy & Business