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What you need to know on Wall Street today





FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE)  in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid

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To hear detractors of Republicans’ tax bill tell it, the plan as written wouldn’t actually boost economic activity. These skeptics think corporations will simply use the excess capital from tax cuts to buy back their own shares.

And that’s not too far-fetched of an idea. After all, buybacks have swelled during the 8-1/2-year equity bull market, and stock gains have followed read more >>>

Source:: BusinessInsider.Com

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