The GOP tax plan could go into effect as early as January 1, 2018 if the final bill passes. Ahead of the changes, taxpayers can make end-of-year tax moves now, such as prepaying their property taxes for next year. If your property tax bill is greater than $10,000, you'll be able to deduct more by paying next year's bill early.
Pfizer's announcement comes ahead of the Trump administration's long-awaited bill to lower taxes. President Donald Trump and Republican leaders predict the tax cuts will encourage U.S. companies to invest more, boosting economic growth. In rolling out a share buyback program, the drugmaker joins several other businesses including Boeing Co , Anthem Inc and Bank of America Corp .
The standard Medicare Part B monthly premium will be $134 in 2018, the same amount as in 2017. Here's a look at how much you can expect to pay for Medicare Part B premiums in 2018. Medicare Part B payments are prevented by law from reducing Social Security payments by Social Security's "hold harmless" provision.
America’s homebuilders haven’t felt this good since the last millennium. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) — more commonly known as homebuilder sentiment — hit an 18-year high of 74, topping expectations for a reading of 70 and well above last month’s reading of 69. This index is calculated on a scale of 1-100. Notably, confidence among America’s homebuilders is now at a higher level than it was at any point during the housing bubble.
Berkshire Hathaway Inc.’s Class A shares touched $300,000 for the first time on Monday, another milestone for the conglomerate that Warren Buffett’s been building for more than half a century.The shares, which have never split, traded at $300,000 at
CNBC’s Jim Cramer and Fast Money Halftime guest host Mike Francesca discuss the current state of US markets with the traders.
NEW YORK (AP) — U.S. stocks are making more gains Monday as investors react to the Republican tax plan, which could boost corporate profits and stock prices, as well as several corporate deals. Technology companies, banks and retailers and leading the
The best way to watch for the next big market bubble is to watch tech companies, says Bank of America Merrill Lynch. In particular, investors should be watching for divergence between tech stocks and tech companies with high-yield credit ratings. For signs of the next big market bubble, your best bet is to watch tech companies.
Aerospace and defense group Thales has agreed to buy chipmaker Gemalto for 4.8 billion euros ($5.6 billion), trumping an earlier bid by fellow French firm Atos to expand in the fast-growing digital security market. The bidding race for Gemalto has come after a difficult year for the Franco-Dutch group in which profit warnings have hurt its share price and overshadowed its attempt to shift from a slowing market for phone SIM cards towards security services such as data encryption and biometric passports. "This is a terrific project," Thales CEO Patrice Caine told reporters on Sunday.
Happy Holidays! We here at TheStreet, along with all the members of the Action Alerts PLUS team, wish you and yours a happy, healthy, financially successful holiday season. To aid in your financial success, we're giving you a free gift -- video clips from Jim Cramer's latest private conference call for members of his Action Alerts PLUS club for investors. You can watch for free as Cramer discusses all 14 of the core holdings in his charitable trust. So bookmark this page and consider it your ultimate cheat sheet and the perfect accompaniment to that glass of egg nog this holiday season. And as an added bonus, Cramer also had a comment or two in his latest monthly conference call about bitcoin.
ESPN president John Skipper announced Monday that he is resigning as president of ESPN and co-chairman of the Disney Media Networks, a unit of Disney (NYSE:DIS), in order to deal with substance abuse issues. "Today I have resigned from my duties as President of ESPN," Skipper said in a statement. "I have had a wonderful career at the Walt Disney Company and am grateful for the many opportunities and friendships.
Woohoo! Under the final tax bill President Trump is poised to sign within days, my annual tax payment would drop by about $2,100, compared with what I paid in 2016. Instead, I’ll probably save it and try to earn a respectable rate of return, so I have the money on hand in the future if Congress has to raise taxes to fill the budget hole they’re creating by cutting taxes in 2017. House and Senate Republicans have now agreed on a final tax bill Congress seems likely to pass within days.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks including Hershey (HSY) , Amplify Snack Brands (BETR) , Twitter (TWTR) , Snap (SNAP) and Procter & Gamble (PG) .
Delayed retirement is becoming the new normal for more Americans. Sixty-three percent of those polled said they planned to work part-time in retirement, while 11 percent planned to continue working full-time. For some, the decision to delay retirement is a matter of personal preference.
With stocks at record highs, investors will keep their focus on tax reform and the goings-on in Washington, D.C. for the final full trading week of the year. Late Friday, Republican leadership released a draft of its plan to cut corporate taxes that could
How strong is demand for newly built homes? More than one-third of the new homes sold in October hadn’t even been started yet – the biggest such share since the housing bubble . And new homes in all stages of construction sold at the strongest pace in a decade last month. It’s that demand – stoked by years of lean supply – that drives much of the outlook for home builder stocks in 2018. “Revenues of the rated builders will grow faster than the macro estimates would seem to indicate and will exceed 10% growth in 2018,” wrote Moody’s Investors Service in a 2018 preview note. Read: These 3 stock screens can help find value amid a boom in U.S. housing shares To be sure, those macro estimates aren’t
By Jonathan Barrett Sydney (Reuters) - Australia's Aconex Ltd said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp , sending the target's share price up 45 percent. Aconex said in a statement its directors unanimously recommended the offer, with shareholders of the cloud-based project management company scheduled to vote on the bid at a scheme meeting in March next year. The Australian company specializes in web-based project management software that allows input from different teams.
CNBC's Bertha Coombs looks ahead at the day's market action. BERTHA COOMBS: Yeah, and as you mentioned, we are seeing this rally mode. It started in Asia and Europe overnight. They came off of our record highs last week. The Tax Bill is definitely driving
Delta CEO Ed Bastian attributes the recent spate of computer network failures at major airlines to the lack of investment over the past decade. Bastian believes technology is best used as a means to improve the customer experience at Delta. The airline industry is not known for making money.
After a 23-year career at Microsoft and two-years at Juniper Networks, Bob Muglia has spent the last four years in his first CEO role, happily running a fast-growing cloud database startup called Snowflake. Muglia is also the first to admit that he will also forever be known as the guy who suffered two pretty humiliating career crashes under former Microsoft CEO Steve Ballmer.
Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world's largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday. The second U.S. bitcoin futures launch is seen as another step towards big institutional investors warming up to a volatile asset that had until recently been accessible only via largely unregulated markets. Like the futures contract launched last week by rival Cboe Global Markets, CME's will be cash settled.
2017 has been a year of records on Wall Street, and the ongoing bull market means that one annual best that has stood for more than 20 years is poised to fall. If the Dow Jones Industrial Average (^DJI) closes higher on Monday—and as it is up 0.8% in midday trading, that seems likely—that will mark the average’s 70th record close of the year. The Dow closed at its 69th record on Friday, tying the 1995 record.
More Republicans said on Sunday they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week. U.S. stocks have enjoyed a near year-long rally, with the benchmark S&P 500 and the blue-chip Dow Jones Industrial Average set for their best year since 2013. Another expected outcome of lower taxes is cash repatriation, which market analysts say, could boost mergers and acquisitions.
Here’s a look at some of the companies the Yahoo Finance team will be watching for you today. Hershey (HSY) is getting into the health food space. The chocolate maker is buying SkinnyPop parent Amplify Snack Brands for $1.6B. Hershey will pay $12 per
More than a month has gone by since the last earnings report for Cisco Systems, Inc. CSCO. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Cisco reported first-quarter fiscal 2018 non-GAAP earnings of 61 cents per share beating the Zacks Consensus Estimate by a penny.