Share buybacks boom as Trump lifts all "constraints on taking money out of public companies.”



Below is an extract of a post published on Guardian titled "Share buybacks boom as Trump lifts all "constraints on taking money out of public companies.”"

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Via: Guardian

Analysis shows just 6% of corporate gains from Trump’s tax cuts have trickled down to workers as raises, bonuses and investments US stock markets keep hitting record highs – as anyone who follows Donald Trump’s Twitter account can’t help but notice. And “more good news is coming” for those who have “made a fortune” in US stocks, the president promised this week. But behind Trump’s sunny, late summer disposition, there is growing concern that the principal beneficiaries of Trumpian economic largesse are those like him in the uppermost reaches of the economic scale. The news from the Financial Markets is even better than anticipated. For all of you that have made a fortune in the markets, or seen your 401k’s rise beyond your wildest expectations, more good news is coming! Related: US economy slowed in first quarter after Trump’s $1.5tn tax cuts Related: Trump’s tax plan would do little for the average American but a lot for the 1% Related: Trump’s tax proposal would push US below Greece on inequality index Continue reading…


Share buybacks boom as Trump lifts all "constraints on taking money out of public companies.”

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