NASDAQ and S&P 500 closed the week at all time record highs –Strong corporate earnings, lower interest rates, and an easing of trade tensions encouraged investors who pushed stocks to record highs. A strong first quarter GDP report released Friday showed that the economy grew 3.2% in the first quarter of 2019, its best first quarter showing ...
US stock markets are up more than 18% in nine weeks – Stock markets have made up nearly all the declines suffered in the last three months of 2018. Indexes are now approaching their all time highs reached last fall. Experts point to investor’s renewed confidence based on three key issues: One: Progress in the US ...
Key index shows inflation picking up – The Labor Department reported on Wednesday that the Consumer Price Index rose 0.5% last month. Economists had expected a 0.3% jump. Core CPI which strips out food and energy, as they tend to be more volatile, rose 0.3% in January. Although that was the largest month over month increase since last January the year over year ...
Stocks continued to rally this week – Yesterday, The Dow gained 228 points after Wells Fargo announced that the new tax law would result in a $3.35 billion tax reduction. As companies estimate the tax savings, investors are seeing the magnitude in which profits will increase due to a reduction from 35% to 21% in ...
Some last minute changes to tax reform will benefit some Realtors, real estate investors, and homeowners were added to the final bill. These are the main areas of concern people have about tax reform as it relates to the real estate industry. These changes begin in the 2018 tax year. 1. The capital gains exclusion ...
