What we’re reading (4/8)
“Can Anything Derail The ‘Goldilocks’ Economy?” (CNN Business). “America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks.”
“Investors Sour On Emerging Markets As U.S. Prospects Brighten” (Wall Street Journal). “Investors say emerging markets have been upended by the improved U.S. growth outlook, which is strengthening the dollar and sending Treasury yields higher as money managers bet the Federal Reserve will raise interest rates in coming years to keep inflation tame.”
“A Large Chunk Of The Retail Investing Crowd Got Their Start During The Pandemic, Schwab Survey Shows” (CNBC). “…15% of current retail investors first began playing the market in 2020, based on analysis of about 500 investors. Schwab — which now hosts 31.5 million retail clients and $6.9 trillion in assets because of the retail investing boom — is calling the new wave of investors, ‘Generation Investor.’”
“A Tax Change Is Coming, Maybe” (DealBook). “The Biden administration has unveiled its corporate tax overhaul, intended to raise $2.5 trillion over 15 years to pay for an infrastructure program. ‘Debate is welcome. Compromise is inevitable. Changes are certain,’ President Biden said, but he stressed that ‘inaction is not an option.’”
“Biden Might Agree To A 25% Corporate Tax Rate As A Compromise With Business Groups, Rather Than The 28% He Wanted, According To A Report” (Business Insider). “Reuters spoke to more than a dozen corporate and White House officials involved in the push for the infrastructure plan, and most said they expected Biden and business groups to agree on a tax rate of 25%. This would bridge the gap between industry leaders, who generally oppose a tax hike, and Democrat lawmakers, who are overwhelmingly in favor of the 28% rate.”
