Fresh off the accolades for last year’s tax cuts, the Trump administration is mulling another one. This time the target is the capital gains tax, which the administration may try to reduce without approval from Congress by changing the definition of investment profits to take inflation into account. The capital gains tax applies to profits […]
WASHINGTON (Reuters) – The Trump administration came under pressure on Tuesday from both critics and allies over whether it should proceed with another tax cut for investors and do so without consulting the U.S. Congress. U.S. President Donald Trump waves upon arriving at Tampa International Airport in Tampa, Florida, U.S., July 31, 2018. REUTERS/Carlos Barria […]
NEW YORK (Reuters) – U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric. Trump’s order on Wednesday for an investigation into whether vehicle and […]
(Reuters) – Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics. Smaller companies continued this year’s trend of outperforming their larger rivals […]
NEW YORK (Reuters) – U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries. The S&P 500 has now recouped nearly all its losses from earlier this year. Trump said in a […]
Top Story These days, metallic glasses — made entirely of metal atoms — are being developed for biomedical applications such as extra-sharp surgical needles, stents, artificial joints and implants because various alloys can be ultra-hard, extra-strong, very smooth and resistant to corrosion. However, while a combination of trial and error and scientific research has helped […]
(Reuters) – A federal appeals court on Monday ordered a New Mexico businessman to disgorge $ 5 million to the U.S. Securities and Exchange Commission, nine months after the U.S. Supreme Court curbed the regulator’s power to claw back ill-gotten gains. FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen […]
BOSTON (Reuters) – Hedge funds managers who bet on stocks scored some of the industry’s biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers. The annual list, released on Sunday, shows Steve Mandel’s Lone Pine Capital, John Armitage’s Egerton […]
NEW YORK (Reuters) – The S&P closed at a record high and the Dow Jones Industrial Average broke above the 24,000 mark for the first time on Thursday as investors gained confidence that the Republican party’s push for a U.S. tax overhaul would succeed. Traders work on the floor of the New York Stock Exchange, […]