Tag: Financial markets

Trump To Propose Cutting Corporate Tax Rate To 15 Percent

On Wednesday, President Trump will announce his plan to overhaul the tax code, including his proposal to cut the corporate tax rate from 35 percent to 15 percent, White House officials told The Washington Post on Monday. Independent analysts have estimated a cut this severe could cost the federal government $2.4 trillion over 10 years,…

South Korean Prosecutors Indict Ex-President Park On Corruption Charges

On Monday, prosecutors in South Korea announced that they have indicted former President Park Geun-hye on corruption and abuse of power charges that could send her to jail for life. Park, 65, was impeached in December, formally removed from office March 10, and arrested March 30 amid a national scandal that has also swept up…

Trump Expected To Halt Dodd-Frank In Executive Action [VIDEO]

President Donald Trump is expected to sign an executive order Friday that rolls back the 2010 Dodd-Frank regulatory law, first put in place after the 2008 financial crisis. “Americans are going to have better choices and Americans are going to have better products because we’re not going to burden the banks with literally hundreds of…

Report: DOW Hits 20,000 For The First Time Ever

U.S. equities rose on Wednesday after a series of executive orders from President Donald Trump increased bullish sentiment on Wall Street. “Traders have been waiting for more details on infrastructure spending and now they have it in a very clear format,” said Naeem Aslam, chief market analyst at Think Markets. “There is nothing bigger than…

Fed Raises Rates For First Time Since 2006, Markets Climb

The Federal Reserve raised interest rates Wednesday for the first time in nearly a decade. The central banking committee unanimously voted to move the target range for the federal funds rate to a 0.25-0.5 percent range, up from a 0-0.25 range. β€œThe committee judges that there has been considerable improvement in labor market conditions this…