U.S. stocks were higher in Wednesday morning trading, as Senate Majority Leader Mitch McConnell introduced a competing $2,000 stimulus check…
Tag: Steven Mnuchin
Stimulus progress turns Dow positive for 2020; S&P 500, Nasdaq post best week since July
Stocks rose for a third straight session as investors wrapped the best week weekly performance for the S&P 500 and Nasdaq since…
Stocks bounce on potential President Trump hospital discharge, stimulus hopes
U.S. stock index futures bounced on Monday as doctors said President Donald Trump could be discharged from the hospital…
S&P 500 nears record high as U.S. stimulus bets climb
The S&P 500 closed in on its February peak on Tuesday on hopes for more U.S. stimulus., returning to levels prior to the reaction to COVID-19…
U.S. Treasury Sec. Mnuchin: Democrats now ‘willing to compromise’ on COVID-19 stimulus package
Treasury Secretary Steven Mnuchin said Monday that he believes Democrats are “willing to compromise” on a fourth COVID-19 stimulus package…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
Stocks jump on stimulus bill hopes, President Trump’s reopening signal
After Trump on Tuesday signaled he was eager to reopen the economy and amid hopes that U.S. lawmakers were close to an agreement, stocks jumped …
U.S. postpones April 15 tax payments for 90 days for most Americans
In an unprecedented move, the U.S. government will postpone the April 15 deadline for tax payments for millions of individuals, giving Americans…
U.S. Treasury Secretary Mnuchin: All countries should end digital services tax plans to pave way for OECD-led global deal
U.S. Treasury Secretary Steven Mnuchin has urged all countries to suspend plans for digital services taxes that Washington believes unfairly target U.S. tech companies…
US stock futures fall on report China wants more talks before signing ‘phase one’ trade deal
U.S. stock index futures fell Monday after Bloomberg reported China said it needed to have further discussions…
President Trump says the U.S. has come to a ‘very substantial phase one deal’ with China
U.S. President Donald Trump said Friday that the U.S. has come to a “very substantial phase one deal” with China in the trade negotiations between the two economic superpowers…
Apple shares soar on news of U.S. tariff reprieve
Shares of Apple Inc. soared on Tuesday after the U.S. delayed a 10% tariff on certain Chinese imports, including smartphones and notebook computers…
U.S. delays China tariffs for some items including cellphones, removing other products from list
The United States Trade Representative office has cut items from the list of Chinese-made products that had faced new tariffs next month, citing factors including…
U.S. Treasury Secretary: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’
Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made…
G20 agrees deadline for global tax crackdown on tech giants like Apple
The G20 has set a deadline for a two-prong tax crackdown on tech giants, which could hit companies like Apple…
Apple’s iPhone sales are finally turning around
After the collective freak-out about Apple’s poor showing during its last financial quarter…
U.S. stock futures bounce as investors cheer Apple results
The S&P 500 index registered its best four-month rally in nearly nine years…
Prompted by U.S. tax cuts, Apple and others dump bonds and create $300 billion market hole
As U.S. tax cuts prompt Apple Inc. and other tech companies to bring home their overseas cash hoards…
Apple’s corporate debt holdings drop for first time since 2013
A whale in the corporate bond market is going on a diet…
Investors look to Apple’s cash, services as analysts fret over iPhone unit sales
Apple Inc’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present…
Apple expected to issue less debt in 2018 now that President Trump has signed the Tax Cuts and Jobs Act
We expect IG tech issuance to be down year-over-year for the first time in about eight years…
Why would any shareholder complain about Apple using repatriated funds for buybacks?
Sure, many of the leaders from Silicon Valley won’t experience a massive tax break…
China offers tax incentives to persuade U.S. companies like Apple to stay
In a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code…
Apple expected to repatriate $214 billion to the U.S.; expect increased buybacks and dividends, not big acquisitions
With the new tax structure we expect Apple will bring $214 billion back to the U.S…
How Apple will win (and lose) under President Trump’s tax cuts
The Republican tax bill now awaiting President Trump’s signature has two major pieces of good news for Apple…
Apple notches big league win with U.S. Republican tax cuts, but faces snag with taxes on foreign patents
The U.S. Republican tax overhaul passed by Congress this week will allow Apple Inc. to bring back its $252.3 billion…
Congressional Republicans deliver epic overhaul of U.S. tax laws to President Donald Trump
The House overcame a final hurdle by voting Wednesday to approve a sweeping overhaul of the nation’s tax code…
Republican-controlled U.S. Congress poised to approve biggest tax system overhaul in 30 years
There is little standing in the way of the Republican party’s first major legislative triumph under President Donald Trump…
GOP tax cut plan sets 15.5% repatriation rate on offshore cash; 8% if invested in plants and equipment
The top tax rate that U.S. companies would pay on an estimated $3.1 trillion in earnings…
GOP eyes taking bigger bite from Apple, others holding cash overseas to seal President Trump’s tax cuts
Republican tax negotiators, aiming to finalize their nearly $1.5 trillion in tax cuts on Friday…
The end to Apple’s cash dilemma
In fiscal 2017, Apple’s $50 billion of free cash flow was $2 billion more than free cash produced by Alphabet, Facebook, and Amazon combined…
Apple could be biggest beneficiary of Republican tax reform plans, saving at least $47 billion
Apple will see as much as $47 billion slashed from its expected tax liability if Republicans push through their current tax plan, a figure that exceeds the annual profits of any other US company…
Dow soars 203 points higher to record as Wall Street cheers U.S. Senate passage of major tax bill
U.S. stocks traded sharply higher on Monday as investor sentiment was boosted the Senate…
Dow and S&P 500 hit all-time highs as chance of passing U.S. tax reform bill increases
Tax reform was one of President Trump’s main talking points during his campaign last year…
Oracle joins Apple in support of President Trump’s tax repatriation plan
Oracle’s co-chief executive Mark Hurd has pledged support to any tax change that allows the company…
‘Paradise Papers’ leak reveals how the rich use tax havens, from Apple Inc. to Bono to Queen Elizabeth
“The ‘Paradise Papers’ leak has put a spotlight on how the rich use offshore tax havens…
President Trump’s tax plan aims new foreign tax at Apple, other multinationals
President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc…
President Trump’s tax cuts could be YUGE for Apple
Tax cuts proposed by President Donald Trump and the Republicans could be huge…
GOP tax plan calls for cutting the corporate tax rate from 35 percent to 20 percent
President Donald Trump and congressional Republicans are proposing a tax plan that they say will be simple and fair…
Goldman Sachs sees $1 trillion in U.S. tax cuts coming
Goldman Sachs economists say it’s more likely Congress approves tax cuts by…
Apple will eventually bring billions of dollars back to the U.S. under President Trump’s tax reform plan
The Trump administration has asked for a 10% repatriation holiday…
How the U.S. Congress is secretly trying to crush the bull market in Apple and the entire stock market
The clear winner, so far, is the status quo…
