The White House plans to release a brief document in early- to mid-September outlining a framework for overhauling the U.S. tax code, according to three sources familiar with the matter.Click here to download a pdf of this article, Missile.pdf
The share of U.S. small business owners with plans to add to payrolls in July exceeded those planning to cut jobs by 19 percentage points on a seasonally adjusted basis, NFIB data showed. That is a 4-point increase from June and the strongest reading since December 1999.
Moreover, 60 percent of owners said they were hiring or trying to hire, a 6-point increase from June.
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In most Manhattan neighborhoods, at least 25 percent of homes on the market in the second quarter had their prices cut. The share was smaller only at the borough’s northernmost tip, in Inwood and Marble Hill. In prime areas such as the West Village and Chelsea, about half of listings had their prices trimmed.Click here to download a pdf of this article, Missile.pdf
The vast majority of S&P 500 companies don’t have enough money set aside to meet all their obligations to current and future retirees. There’s a total gap of at least $375 billion for the 200 largest plans. This is how they got here.Click here to download a pdf of this article, Missile.pdf
CME Group Rates Recap - August 2017Click here to download a pdf of this article, CME Group Rates Recap August 2017.pdf
The CoStar Commercial Repeat-Sale Index (CCRSI) reached midyear 2017 with pricing trends continuing to rise steadily across all U.S. regions and types of properties. The equal-weighted U.S. Composite Index rose by 1.4% in June, contributing to a second-quarter gain of 5%, while the value-weighted U.S. Composite Index advanced by a similar 1.3% for the month and by 4.1% for the quarter.Click here to download a pdf of this article, Missile.pdf
The only real wild card in the U.S. car market is the replacement rate, which is to say how often cars and trucks make their way to the junkyard. This is perhaps where auto executives should have seen the slowdown coming. In the past two decades, about 13 million vehicles were dropping out of the U.S. fleet every year, far less than the number of new vehicles sold over the past five years. Customers keen to upgrade kept the market running hot for awhile, but that imbalance finally caught up with automakers. As more vehicles stayed in the driveway, fewer came off the lot.Click here to download a pdf of this article, Missile.pdf
Senator Orrin Hatch, Republican chairman of the tax-writing Senate Finance Committee, told Reuters on Monday that bipartisanship may be necessary to ensure that tax reform succeeds but blamed Democrats for slowing down the legislative process.
In Tuesday's letter, Democrats said bipartisan tax reform should offer no relief for the wealthy, citing Treasury Secretary Steven Mnuchin's assertion last November that there would be no absolute tax cut for the upper class.
"The deleveraging campaign now is focused on curbing shadow banks, and the shadow banks help the smaller companies most," said Shen Jianguang, chief Asia economist at Mizuho Securities Asia Ltd. in Hong Kong. "Conditions for them will be even harder next year, when regulators are even more serious about cracking down on risks."Click here to download a pdf of this article, Missile.pdf
Republican leaders billed their decision to abandon a controversial plan to tax companies’ domestic sales and imports as an essential step toward uniting their efforts to overhaul the U.S. tax code -- but its death adds new complications to an already intricate task.
Though the so-called border-adjusted tax had circled the drain for months, its last gasp on Thursday greatly increased the chances that any tax cuts Congress delivers will be shallower than President Donald Trump and other GOP leaders want, or shorter-lived, experts said. Without the proposal’s estimated $1 trillion in new revenue, a resulting bill may look more like the temporary tax cuts of 2001 than the once-in-a-generation overhaul of 1986 on which Trump and lawmakers have set their sights.
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