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Wall Street to Your Street
Employment jumps in June with 222,000 new jobs
July 11, 2017 | Mark Simenstad, Chief Investment Strategist
The U.S. economy bounced back in June, adding another 222,000 jobs, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued July 7. This marks the 81st consecutive month of job growth.
Q2 market recap: Wobbly tech sector still leads market as oil keeps skidding
July 6, 2017 | Gene Walden, Senior Finance Editor
Tech stocks have experienced some rocky moments in the market recently, but the information technology sector of the S&P 500® still leads all industries in performance through the first six months of 2017. Despite a dip in June, the tech sector is up 17.23% through the first half of 2017 – well above the 9.34% total return of the S&P 500 this year.
Understanding the budget debate part 5: tax expenditures
June 28, 2017 | Russ Swansen, Chief Investment Officer
Millions of Americans and U.S. companies benefit from special exclusions, exemptions, deductions, special credits, preferential tax rates, and tax liability deferrals that help reduce income taxes. These are known as "tax expenditures," and, while they benefit individuals and corporations, they cost the federal government billions of dollars in tax revenue.
Understanding the budget debate part 4: federal spending
June 26, 2017 | Russ Swansen, Chief Investment Officer
The federal government collects trillions of dollars in taxes each year, and, in recent years, it has been spending even more. That budget imbalance has added up to a national debt of about $19 trillion dollars. In the first three articles we explained where the revenue comes from – taxes on individuals, corporations and other entities – and this article will lay out where all of that revenue goes.
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