Public companies are taking a cautious approach before making extensive changes in business strategy after receiving steep corporate tax cuts, according to a new survey of corporate board members by BDO USA. The survey found a 61 percent majority of public company board members note a favorable impact from the Tax Cuts and Jobs Act,
Gary Cohn, the White House’s former top economic advisor, said Monday that Jamie Dimon would make a ‘phenomenal president’ days after the J.P. Morgan chief executive said he could beat Donald Trump in an election. “I think Jamie would make a phenomenal president. I think Jamie would be a spectacular president,” Cohn said during a
When it comes to small purchases, more Americans prefer paying with cash. For purchases under $10, about 45 percent choose cash compared with 30 percent who opt for debit cards and 23 percent who go with credit cards, according to a new survey from CreditCards.com. It is not until purchases get larger — at about
The Tax Cuts and Jobs Act (TCJA) made significant progress in improving the cost recovery treatment of business investment by enacting 100 percent bonus depreciation. Full expensing, or the immediate write-off of all business investment, is a key driver of future economic growth, and can have a larger pro-growth effect per dollar of revenue forgone
. Photographer: Daniel Acker/Bloomberg Adobe Is unstoppable. On Wall Street that is. Over the last five years, its stock has been a big winner. It has outperformed technology leaders like Microsoft and Cisco Systems by a big margin. There’s a reason for it: the company has been reporting strong earnings and revenue growth, beating analyst estimates.
A bipartisan group of lawmakers in the House has introduced legislation to clarify interstate sales tax collection requirements in the wake of the Supreme Court’s decision this year in South Dakota v. Wayfair. In June, the Supreme Court overturned the physical presence, or nexus, standard from the 1992 decision in the case Quill Corp. v.
Key Findings Average wage earners in the United States have their take-home pay lowered by three major taxes: the individual income tax, the payroll tax (both the employee and employer side), and the value-added tax (VAT). Although about half of the legal incidence of payroll taxes falls on employers, employees ultimately bear the burden through
Raymond James is getting more optimistic on Bed Bath & Beyond shares due to the improving economy. The firm raised its rating to market perform from underperform for Bed Bath & Beyond shares, predicting the retailer will report sales above expectations in its fiscal second-quarter. We are “expecting above-consensus same-store sales [for Bed Bath &
Good news for those who are currently collecting Social Security: Your monthly checks likely will be bigger next year. The Social Security Administration generally announces its cost-of-living adjustment in October. The Senior Citizens League, a nonpartisan organization, keeps an ongoing estimate of what that increase could be. The latest estimate — excluding the month of
Adobe Stock It has been nearly 10 years since the S&P 500, Dow Jones Industrial Average, or Nasdaq Composite Indexes have been truly been in a “bear market.” Now, technically speaking, a bear market is a 20% decline in price from any point. When that happens over many months or even years, I view it
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether one spouse should file early, the availability of spousal benefits, survivor benefits and the WEP, divorced spousal benefits and withdrawing a disability benefit application or suspending receipt of
Amazon.com Inc. and Starbucks Corp. were picked out by Britain’s top competition cop in a warning over tax arrangements that may help big companies thwart smaller rivals. The pair’s ability to profit from international loopholes could potentially hinder the “level playing field” needed for effective competition, Competition and Markets Authority Chief Executive Officer Andrea Coscelli
Spotify: “I would buy more. The problem is it’s a wild, wild trader. But let’s take out a three-to-five [year] look: this thing is one of the great subscription [stocks]. You know we love the subscription economy. This is at the heart of it.” Owens Corning: “It’s going to be a rough slog. Why is
Staying home with a new baby is a luxury – but only in the U.S. That’s because bonding with an infant generally means giving up income at a time when expenses are going up. Less than a quarter of private-sector workers have paid family leave, according to the Bureau of Labor Statistics. Just five states
. (Photo by Zhang Peng/LightRocket via Getty Images) China’s ghost cities make it extremely difficult for young Chinese to buy a home and form a family. And that’s bad news for the future of China, and its financial markets. China has two types of cities — conventional cities crowded with apartment buildings occupied by people;
2018 Getty Images Hurricane Florence made landfall over last week, crashing into the North Carolina coast, devastating families and businesses. At least fourteen people have been reported dead, more than 100 have been rescued from flood waters, tens of thousands of people have been displaced, and hundreds of thousands of people are still without power.
$3,000 per phony return; scam by the slice; siphoning the UAW; and other highlights of recent tax cases. Concord, N.H.: William Bischoff, 76, of York, Maine, has been sentenced to four years in prison for operating a multi-million-dollar investment fraud scheme and failing to file federal income tax returns. According to court documents and statements
Two traders have developed a futures market to appeal to fantasy sports junkies and Wall Street lifers who want to bet on professional athletes. Founded by longtime options traders Eric Wilkinson and Wesley Harr, Draft Hedge is a mobile app that offers users a cross between fantasy football and financial markets. The futures pricing is
In the last decade, the S&P 500 has rallied 200 percent, yet many Americans are less willing to invest in the market than they were before 2008 — and before $2.7 trillion in retirement accounts were erased in the financial fallout. “When you have giant shocks to the economy it changes people’s attitudes about risk,”
By Deborah Sweeney, Next Avenue Contributor Credit: Getty Royalty Free Earlier this year, the Second Annual Self-Employment Report, from cloud-based accounting software FreshBooks, said that 24% of boomers make up the next wave of independent workers. The generation of people in their 50s and 60s may fall into third place behind millennials and Gen X (at