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-AUD/USD Snaps Back on Strong Australia Employment, Widening China Trade Surplus. -EUR/USD Holds Monthly Opening Range Ahead of Easter Holiday. AUD/USD Daily Chart – Created Using Trading View Make Sure to Check Out the DailyFX Guides for Additional …
The post Aussie Snaps Back Ahead of RBA Minutes, EUR/USD Holds April Range appeared first on ForexTV.
April 18, 2017 at 11:40PM
from EUR Editor
Petro Global News 24 |
VAALCO appoints new CFO
OE Digital VAALCO Energy has appointed Phil Patman as chief financial officer (CFO) effective 17 April 2017. Patman has over 20 years of experience in the oil, gas and other areas of the energy industry in key roles including finance, business development, and … VAALCO Energy, Inc. (NYSE:EGY) appoint Phil Patman, Jr. as CFOBenchmark Monitor |
April 18, 2017 at 11:55PM
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U.S. stocks trade firmly in negative territory on Tuesday as a spate of tepid corporate earnings weigh on the broader market.
The post Market Snapshot: Stocks head south on disappointing Goldman, Netflix earnings appeared first on ForexTV.
April 18, 2017 at 11:40PM
from Market Watch
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SCA’s regulations stipulates that the ownership of a liquidity provider cannot exceed 5% of the listed company’s shares.
April 18, 2017 at 11:37PM
from Aziz Abdel-Qader
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Messenger CEO David Marcus unveiled what he calls Messenger 2.0. at Facebook’s developer conference, F8.
April 18, 2017 at 11:37PM
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Airbnb said Tuesday it will continue to make sure industry prices remain lower for consumers.
April 18, 2017 at 11:37PM
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BlackRock’s Larry Fink calls himself a big music fan, but an interview reveals he’s more than just a fan.
April 18, 2017 at 11:37PM
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Business Insider |
A banker-turned-Googler says he kept making the same mistake trying to break into tech
Business Insider After working at JP Morgan for about five years, Sameer Syed began to realize that he wanted to move on in 2012. But Syed didn’t just want to change banks, roles, or switch out of investment banking. He wanted out of finance altogether. “Working in a … |
April 18, 2017 at 11:48PM
from
UK Prime Minister Theresa May surprised the world April 18 by reversing course on an earlier promise and calling for early general elections in the UK parliament.
The political bombshell has added a new layer of uncertainty to a fraught Brexit process. While May and other leavers pitch their referendum victory as one of sovereignty over Europe, the truth is increasingly clear: Britain’s global role is much diminished without the cover of its EU partnership.
Really, it’s just another small island with an outsized finance sector.
The pound, battered since the Brexit referendum last summer, rebounded on the news. But according to a new report published by the Federal Reserve Bank of San Francisco, the pound’s devaluation is mostly here to stay because it reflects a deeper perception of Britain’s loss of economic prowess.
“The pound depreciated sharply immediately following the Brexit vote. This reflects market beliefs that Brexit would lead to a persistent decline in the real value of the pound,” wrote Pierre-Olivier Gourinchas, director of the Clausen Center for International Business and Policy at the University of California, Berkeley and Galina Hale, a research advisor at the San Francisco Fed.
Sterling’s decline may have some short run benefits, the authors noted.
“A weaker pound gives a boost to both exporting and import-competing industries. One expected immediate effect of Brexit will be to stimulate the manufacturing sector at the expense of the financial industry. Moreover, the depreciation of the pound provides a one-time valuation gain for foreign currency-denominated assets held by U.K. residents,” they said.
They cited one estimate showing the UK’s net international investment position had improved by roughly 25% of GDP, “a significant windfall.”
Still, the long-run trend may not be as rosy.
“Despite a possible boost to manufacturing exports and some valuation gains, the depreciation of the pound since the Brexit vote must reflect expectations of slower growth for the U.K. economy in the next few years and beyond,” Gourinchas and Hale wrote. “While some groups may gain from Brexit, the message from the foreign exchange and asset markets is clear: The overall size of the economy will eventually shrink relative to what it could have been if the United Kingdom had voted to stay in the EU.”
And while British stocks rallied in the months after the vote, that improvement needs to be adjusted for the currency’s drop. “Given that the stock market captures investors’ long-run expectations, one might be surprised that the broad U.K. stock market index rebounded strongly after the initial drop in the wake of the vote. However, the FTSE lost significant ground relative to the U.S. Standard & Poor’s 500 and German DAX when measured in US dollar terms.”
Britain’s FTSE 100 stock index had its worst day since June 2016, as the surging pound wreaked havoc with equity investors.
SEE ALSO: The FTSE 100 just had its worst day since the week after the Brexit vote
Join the conversation about this story »
NOW WATCH: The disturbing reason some people turn red when they drink alcohol
April 18, 2017 at 11:47PM
from Pedro Nicolaci da Costa
Everyone likes to complain about taxes. But America’s tax system is more fair than people on the right or the left tend to give it credit for — in part because of big changes under President Barack Obama.
When you look at all taxes combined, the breakdown of “who pays what” looks about like a lot of people say it should: Almost everybody pays something, and rich people pay a much higher share of their income than poor people.
The chart below is based on 2017 federal tax estimates from the Tax Policy Center, which employs alumni of Republican and Democratic administrations; and 2015 state and local tax estimates (the most recent available) from the liberal Institute on Taxation and Economic Policy:
Contrary to what you might hear, the chart shows that:
A lot of complaints about taxes being unfair come from looking at one part of the tax system in isolation.
Conservatives say too many Americans lack “skin in the game” because almost half of Americans pay no federal income tax. Liberals note that Social Security tax stops after $127,200 in income, and that state and local taxes tend to be a bit regressive.
But when you add all the taxes together, they produce a distribution of the tax burden that makes a lot more sense than the distribution of the burden of any individual tax.
You can thank Obama for making American taxes so progressive.
An under-discussed aspect of his legacy is significant tax increases on the wealthiest Americans — taking the top federal tax rate on salaries from 37.4% to 42.6%, and top tax rate on capital gains from 15% to 23.8%. Before those changes, which became effective in 2013, this chart would have looked a lot flatter at the top end.
Undoing these tax increases has been at the top of the Republican policy agenda — which is why the Republican “healthcare bill” was designed mostly as a vehicle to cut taxes on the rich, and pay for the tax cuts by cutting Medicaid. But so far, Republicans do not look poised to succeed at undoing this part of the Obama legacy.
American taxes are not perfect. For one thing, even though our taxes are progressive, there is a lot of room to debate whether they are progressive enough.
Our tax code also has significant problems with what is called “horizontal equity” — that is, taxpayers of similar means paying very different tax rates. Some rich people pay a lot more than 40% of their income in taxes; others can exploit tax preferences to pay a lot less.
Our corporate income tax (most of which is borne by owners of capital) also has significant fairness problems.
The US famously has one of the world’s highest business tax rates — 35% — and also famously has lots of exemptions that allow companies to pay, on average, only about half the official rate.
But the use of those exemptions is uneven. Companies in some sectors (like utilities and retail) have little ability to shield income from tax and tend to pay close to the full 35%. In other sectors (like pharmaceuticals and high-tech) it is common to get tax bills almost down to zero.
Leveling this playing field would make it possible to make the US tax system more progressive: It would be possible to get more tax revenue from companies (and therefore from wealthy stockholders) without raising taxes on those companies that already pay very high rates.
But overall, the system is already more fair than most people realize.
SEE ALSO: Trump is heading for a do-nothing presidency
Join the conversation about this story »
NOW WATCH: From rich kid to first daughter: The life of Ivanka Trump
April 18, 2017 at 11:47PM
from Josh Barro
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The Financial Stability Oversight Council is masquerading as an analytical, objective body that more accurately reflects the Dodd-Frank Act’s aim to expand the power of bureaucrats.
April 18, 2017 at 11:35PM
from
April 18, 2017 at 11:39PM
from Alan Tovey
April 18, 2017 at 11:36PM
from Alan Tovey
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BRAZIL’S MEIRELLES SAYS IS NOT CONSIDERING TAX HIKES AT THIS MOMENT
The material has been provided by InstaForex Company – www.instaforex.com
April 18, 2017 at 11:26PM
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Trading Focus: Checking ATR Levels for Fidelity MSCI Information Technology Index ETF (FTEC)
Baxter Review Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. At the time of writing, Fidelity MSCI Information Technology Index ETF (FTEC) has a 14-day ATR of 0.29. The average true range indicator was created by J. |
April 18, 2017 at 11:32PM
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Ripe for A Big Move? Update on China Information Technology, Inc. (NASDAQ:CNIT)
Morgan Research As of late, the Street has taken a bit closer look at shares of China Information Technology, Inc. (NASDAQ:CNIT). In the latest session the stock moved 0.00%, putting the stock value at $0.68. Most investors are likely looking for that next stock that … |
April 18, 2017 at 11:32PM
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Charlo Greene checked in about her new cannabis beauty line, broadcasting “The Weed Show” five days a week, and her home state’s attempts to burn her through legal loopholes.
April 18, 2017 at 10:22PM
from Janet Burns, Women@Forbes
I am planning to launch my web application and attempt to raise some initial funding from friends and family, but I was wondering if there is any standard protocol around the terms or agreement for this type of proposal. It seems like many startups begin with this type of funding to get their product off the ground, but I see very few examples of what the terms consisted of. From the few discussions I have seen, it doesn’t appear that a great deal of equity is ever involved. Do they involve common stock? Simply a loan with a set interest rate? Can anyone share the terms they used when structuring this type of funding?
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April 18, 2017 at 10:22PM
from /u/techbuzzwords
