Wall Street on Cloud Nine since Trump’s election

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever. Since President Donald Trump took office a year ago, the principal US stock indexes have gained by leaps and bounds, hitting a record string of records. “I have… Please follow and like us:

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Uninsured rate rose in Donald Trump’s first year: Gallup poll

An estimated 3.2 million Americans became uninsured during President Trump’s first year, Gallup said Tuesday in a survey that says rising premiums, declining competition in Obamacare markets and confusion over the GOP’s repeal plans drove the losses. The polling company said the uninsured rate stood at 12.2 percent at the end of last year, an increase… Please follow and like us:

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Real Estate, Stock Market, Business and Economic U.S. Market Trends in 2018

At FAS CPA & Consultants we are committed to bring extra value to our current and prospective clients. This year, we are including a new feature in our blogs – quarterly reports to investigate, digest and present the economic, investment and real estate market trends in 2018. If you haven’t yet subscribed, now would be a… Please follow and like us:

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Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

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Why Trump Is Thinking Of Bringing Back ‘Earmarks’

President Donald Trump suggested last week that lawmakers bring back “earmarks,” a practice that for centuries helped transform Washington into a “swamp” riddled special interests, out-of-control spending and unaccountability. “Maybe all of you should start thinking about going back to a form of earmarks,” Trump said Tuesday to a group of Republican and Democratic congressman gathered… Please follow and like us:

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JPMorgan Chase & Co. Q4 2017 Earnings Beat Estimates

The JPMorgan Chase & Co. Q4 2017 earnings results were released before opening bell this morning. The bank reported adjusted earnings of $1.76 per share on $25.45 billion in revenue, compared to the consensus estimates of $1.69 per share and $25.17 billion in revenue. In the previous year’s fourth quarter, the bank reported $1.71 per share… Please follow and like us:

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Most Asia markets down after New Year rally but Hong Kong runs on

The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts… Please follow and like us:

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Dow hits 25,000 points for 1st time on US hiring data

The Dow shot above 25,000 points for the first time Thursday as strong US private-sector hiring data extended a stocks rally already boosted by the recent US tax reform. US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut… Please follow and like us:

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More Businesses Raise Wages, Give Bonuses in Wake of Tax Cuts

More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans’ tax reform bill. An email from House Speaker Paul Ryan’s press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have announced raises, bonuses, and other improvements for employees. In moves that may defuse efforts to… Please follow and like us:

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Paul Krugman: Nobel Prize winner still pitching his discredited Krugmanomics

WASHINGTON, January 1, 2018: Trump Derangement Syndrome can make anyone, even Nobel Prize winners, sound stupid. The day after Trump won the nation’s 45th president, New York Times columnist and Nobel laureate Paul Krugman bold announcement was that the “disaster” of a Trump presidency was full of: “so many aspects that the economic ramifications are way… Please follow and like us:

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Anti-Trump, Brexit doomsayers: We were wrong

Historically, it seems, the prospect of a freer economy in which business owners have fewer restrictions and workers keep more of their wages brings out the harbingers of doom. It was no different when British voters chose to leave the increasingly suffocating European Union and Americans elected businessman Donald Trump. Out came the predictions of a… Please follow and like us:

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China Gears Up to Reduce Impact of US Tax Cut

Chinese companies with international ambitions are caught in a serious dilemma by the U.S. move to cut corporate tax rates. The move has made the U.S. an attractive destination for Chinese companies facing very high taxes and other restrictions at home. On the other hand, they face the risk of being punished by Chinese authorities who… Please follow and like us:

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President Trump’s 2017 MAGA accomplishments

WASHINGTON, December 18, 2017: President Trump and his administration have generated an amazing number of wins for America and Americans. He is making good on his “MAGA” promise. The President’s lack of previous political experience has made his first-year rocky, to say the least. As Democrats, liberal media and political foes in both parties do everything… Please follow and like us:

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Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed… Please follow and like us:

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Mnuchin Has ‘No Doubt’ Congress Will Pass Tax Bill Before Christmas

Treasury Secretary Steven Mnuchin said on “Fox News Sunday” there is “no doubt” Congress will pass the “terrific” Republican tax reform bill and send it to President Donald Trump for signature before Christmas. The GOP-led Congress released the final version of its tax reform bill late Friday and placed it on track for a final vote… Please follow and like us:

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