Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.
Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour, which was prompted by the tax plan. The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year.
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Congress focus turns from taxes to spending bills. Senate will need 60 votes.Click here to download a pdf of this article, Missile.pdf
The Major Tax Changes in the Republican BillClick here to download a pdf of this article, Missile.pdf
“They are determined to make economies less free and less fair, to grow their militaries, and to control information and data to repress their societies and expand their influence,” according to excerpts of Trump’s strategy released by the White House.
President Donald Trump will declare that China and Russia are competitors seeking to challenge U.S. power and erode its security and prosperity, in a national security strategy he will lay out in a speech on Monday.
“Incidents where the company’s hardware was used to manufacture crypto-currency have been found. It could have a negative impact on the productivity of our processing capacity,” Transneft Vice-president Vladimir Rushailo told a company meeting. He did not elaborate.
Natural gas flows were set to recover in Europe after an explosion at an Austrian hub threatened supplies already pinched by a closed pipeline in the North Sea and a cold snap across the continent.Click here to download a pdf of this article, Missile.pdf
"The way you create deflation is you create an asset bubble. If I was 'Darth Vader' of the financial world and decided I'm going to do this nasty thing and create deflation, I would do exactly what the central banks are doing now," he told CNBC's Kelly Evans in an exclusive interview airing Tuesday on "Closing Bell." "Misallocate resources [with low interest rates], create an asset bubble and then deal with the consequences down the road," he said.
"Huge regime change in tax, monetary, trade is underway; that makes forecasting very prone to large error terms,'' wrote David Kotok, chairman and chief investment officer at Cumberland Advisors, in response to the survey.Click here to download a pdf of this article, Missile.pdf
“2018 is the year when we have true tightening,” said Ebrahim Rahbari, director of global economics at Citigroup in New York. “We will continue on the current path where financial markets can deal quite well with monetary policy but perhaps later in the year, or in 2019, monetary policy will become one of the complicating factors.”
Ford Motor Company is changing gears again in Mexico, shifting planned production of a small electric-powered sport utility vehicle to a plant south of the border instead of a Michigan factory.
Sending the electric vehicle to Mexico, where labor costs are lower, will help the business case for the costly model.Click here to download a pdf of this article, Missile.pdf
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