Friday, 3 August 2018

Capital gains tax cut idea puts pressure on Trump administration

Reuters.com Newsletter

Capital gains tax cut idea puts pressure on Trump administration

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. Treasury proposes rules on repatriating overseas corporate income

U.S. companies got more clarity on Wednesday on bringing more than $2.6 trillion in profits held abroad into the United States, as required under tax changes enacted by the U.S. Congress in December.

NYSE-owner ICE to launch new fixed income ETF platform

Intercontinental Exchange Inc is partnering with BlackRock Inc on a new fixed income exchange-traded fund execution platform to open next year, the owner of the New York Stock Exchange said on Thursday after reporting a rise in quarterly earnings.

Author delves into U.S. Social Security's origins to debunk myths

Social Security is unaffordable due to our aging population.

Goldman sees rising rates a drag on U.S. residential investing

Goldman Sachs economists said on Thursday rising mortgage rates would subtract 1 to 2 percentage points from U.S. residential growth over each of the next two years as they have already nicked the housing sector.

Is meaningful, part-time work in retirement a myth?

CHICAGO - As Pamela Pommer entered her 60s, she planned to work part-time helping aging people deal with financial troubles. But like many baby boomers she realized that a "meaningful" position is much harder to find than she had imagined.

Apple's ride to $1 trillion: The magic number that gets it there

Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion.

Fidelity offer of no-fee index funds hurts shares of rivals

Fidelity Investments outlined plans on Wednesday to launch no-fee index funds, hurting the shares of rivals including BlackRock Inc as investors worried about lower profits.

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