Business

Euro zone inflation near 4-year high, adds to pressure on ECB

Euro zone inflation near 4-year high, adds to pressure on ECB

An end to the purchases will let longer-term interest rates, meaning governments will have to spend a bigger part of their tax revenues on interest costs, while mortgage payments will tend to rise because of higher interest. Those net flows are the strongest into European equities since December 2015. Financials and commodity-related stocks were the main drag, although gains in other cyclical industrials, on the back of strong earnings, kept losses down.



U.S. Economy Hits Speed Bump

Rising inflation also cut into Americans' paychecks. But a separate report offered a sign that compensation could be perking up amid healthier overall demand, with wages and salaries rising at the fastest pace in nearly nine years. He said his program of tax cuts for individuals and businesses, deregulation and tougher enforcement of trade agreements would double growth to 4 percent or better.



Trump's Tax Plan Could Be Painful for New York, New Jersey, Calif.

While it was a bit light on detail, there was plenty there for taxpayers, financial markets and others to chew on. High earning taxpayers could see an immediate tax break on their income taxes, while low-income families may not feel much of a change , says Alan Cole, an economist with the Tax Foundation , a conservative think tank.


Penntex Midstream Partners LP (PTXP) Increases Dividend to $0.30 Per Share

Penntex Midstream Partners LP (PTXP) Increases Dividend to $0.30 Per Share

Acuta Capital Partners Llc holds 10.11% of its portfolio in Veracyte Inc for 3.51 million shares. American Midstream Partners LP (NYSE:AMID) has risen 7.94% since September 20, 2016 and is uptrending. As per Monday, January 4, the company rating was upgraded by Raymond James. TheStreet downgraded Penntex Midstream Partners from a "c-" rating to a "d+" rating in a report on Thursday, February 23rd.



Explainer: What you should know about President Trump's tax reform plan

Gary Cohn, the president's chief economic advisor who unveiled the plan along with Mnuchin, dubbed it "the most significant tax reform legislation since 1986, and one of the biggest tax cuts in American history". "I can't make any guarantees until this thing is done and it's on the president's desk". Singapore Institute of Accredited Tax Professionals chairman Gerard Ee said the White House's plan to lower U.S.


Trump tax cut may not deliver touted boost

Trump tax cut may not deliver touted boost

Corporate Rate Tax: The corporate tax rate would be slashed from 35 to 15 percent, a pretty huge cut. Treasury Secretary Steven Mnuchin has asserted a few times that the tax plan will pay for itself by generating a lot of growth because the proposed changes will spur investment and create jobs.