Why scrapping Trump’s corporate tax cuts could crush businesses (Jun. 13, 2019)
“When you look at the opportunity of what you can do, I think it would be very damaging [rolling back the president’s corporate tax cuts] because CEOs need certainty in their business. If they see rules going in one direction and then another it’s very hard to plan capital budgets and investments,” PwC U.S. Chairman Tim Ryan said on Yahoo Finance’s The First Trade.
“So hate ’em or like ’em, I know what they do to the stock market," Cramer said. “Make no mistake about it, the biggest risk to this market may not be China, may not be the Fed, it may be the election [of] a president from the Democrats who is decidedly anti-wealth."
None of the aforementioned factors support Trump’s contention the market would crash if he wasn’t re-elected. Actually, they point to a market that could rally — with Trump out of office, companies could get back the certainty they crave to plan their businesses for future financial success. That could unlock economic growth. Damaging trade wars would be off the table.
Not to mention the Federal Reserve is always primed and ready to save a weak stock market, isn’t it?
“Tensions on trade will cause the rate of loan growth to decline. We still expect the total balance of loans to increase but I think the rate of loan growth is probably more muted. That is really all to do, in my view, with uncertainty,” McSheaffrey said. “People are still getting used to this. People need certainty before they can invest or increase the levels that they’re willing to invest and need lending to help with that investment.”
Broadcom’s $2 billion warning rattles global chip sector (Jun. 14, 2019)
The semiconductor industry has been grappling with slowing demand since the second half of 2018 with bellwether Texas Instruments warning in April that a cyclical downturn could last for another two years.
That has related chiefly to signs that mobile phone markets in some major economies are increasingly saturated while mass demand in new areas like self-driving cars and internet of things devices for homes and offices is still developing.
Apple’s Reported 2020 iPhone Plans Are a Positive for Broadcom (Jun. 17, 2019)
“When it comes to consumer apps, banks are at least a decade behind the ease and feature-set of a Lyft or an Airbnb, not to mention sloth-like and unimaginative when compared to the innovation cycle in the apps we use every day,” Monzo’s CEO Tom Blomfield said in a statement.
But while these challenger banks have managed to grow in popularity, luring in millions of users, they have struggled to translate that growth into profits. Monzo revealed last year that it was losing £15 ($19) per customer in June 2018, although that figure was down from the £65 cost per customer it ran in late 2017.