The GOP tax reform plan unveiled Wednesday would lead to broad reinvestment in manufacturing, according to a survey of American producers released Friday. “Two-thirds of manufacturers said, specifically, that if we get this tax plan through, they’ll invest in new plants and equipment, and hire new workers,” Jay Timmons, CEO of the National Association of
0 Comments
Andrew Harrer | Bloomberg | Getty Images Travelers wait in line before going through Transportation Security Administration screening at Ronald Reagan National airport in Washington, D.C. The days of rock-bottom Thanksgiving airfares are over. Roundtrip domestic U.S. flights are about 13 percent more expensive this year than in 2016, fetching about $325 on average as
0 Comments
Biotech stocks fell Friday, a day after the U.S. Food and Drug Administration made its database of side effects for medicines searchable. Sarepta Therapeutics, Ionis Pharmaceuticals, Biogen and Acadia Pharmaceuticals all traded lower Friday morning as investors turned up reports on their medicines on the FDA’s Adverse Events Reporting System, or FAERS. The problem? It’s
0 Comments
As U.S. stocks continue to grind higher, closely followed strategist Jeff Saut told CNBC on Friday that the current bull market likely has about six to eight years left to run. “Secular bull markets have three legs. The first leg ended in May of 2015,” said Saut, chief investment strategist at Raymond James. “We started
0 Comments
Of course, financial aid calculations are Byzantine and case-specific. If you’re going to try to shuffle assets, you should first be sure you understand all the applicable rules and trade-offs. Furthermore, shifting parental assets won’t make a big difference unless you’re looking at large sums, said Mark Kantrowitz, publisher and vice president of strategy for
0 Comments
South Korea‘s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled
0 Comments
Andrew Harrer | Bloomberg | Getty Images The Twitter Inc. account of U.S. President Donald Trump, @realDoanldTrump Check out the companies making headlines after the bell: Tyson Foods shares jumped 5.4 percent in extended trading after the company boosted its earnings guidance for the fiscal year on strong beef-segment earnings Shares of KB Home rose
0 Comments
Who uses the mortgage interest deduction, by income 0 to $50,000 2.32 million $1.11 billion $50,000 to $100,000 9.77 million $9.19 billion $100,000 to $200,000 14.6 million $24.85 billion $200,000 & up 7.18 million $29.78 billion Totals: 33.87 million $64.93 billion Source: 2016 data from Joint Committee on Taxation report. *Income ranges include AGI plus
0 Comments