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Saturday, July 5
Money
While 11 schools, including Princeton, MIT, Yale and Harvard. were hit with a higher tax on their endowments, Congress exempted wealthy small schools, including Swarthmore, Amherst, Hillsdale and CalTech, from the levy.
Better-than-expected job growth and passage of tax cuts propelled stocks to all-time highs. President Trump’s July 9 tariff deadline should be the focus this week.
The arms race between Germany and Britain one hundred years ago, is now being repeated by the US and China. Europe may count itself lucky to stay out of this context.
The world has piled into a “long US” trade. American stocks, bought with dollars, have propped up investment portfolios around the globe since the Great Financial Crisis.
While the tariffs have created unique challenges for the space, there are also potential benefits, with some players already seeing some initial effects.
Accountability, coupled with strong governance and risk management, drives sustainable success.
Financial literacy for small business owners is about finding pockets of resilience, controlling costs and making smart decisions in the face of uncertainty.
Looking ahead, consensus forecasts call for a loss of $0.19 per share on $6.4 billion in sales for the next report. This is compared with a loss of $0.36 per share on $6.33 billion in sales in the same period a year ago.
According to tax experts, these popular strategies might actually be costing you money.
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