Trump assures 401(k) plan will stay intact amid tax talk
Washington debates tax cuts and revenue gaps unsettling Main Street investors. A Trump tweet ended fears of 401(k) limits, confirming no changes and confirming the 2018 IRS increase to a maximum pretax contribution of 18 500. Experts caution hand waving over long term funding of Social Security amid broader tax plans.
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Sears Ends Whirlpool Tie After Century of Partnership
Sears Holdings said it will stop selling Maytag and other Whirlpool products, ending a 100 year association. Whirlpool demanded terms that would hinder competitive pricing, prompting the move. McDonald’s to roll out a new value menu at $1 $2 and $3 in early 2018 after struggles to attract value customers since 2014.
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FCA Change $091 Price and Maserati SUV Plans
Fiat Chrysler Automobiles outlines Maserati’s plan for a second, smaller SUV to lift global sales toward 80,000 annually. The model will share underpinnings with Alfa Romeo Stelvio while featuring a distinct powertrain.
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Market Metrics: VIX and S P 500 P E Ratio
The CBOE Volatility Index measures expected market volatility from S P 500 index options pricing. The S P 500 price to earnings ratio uses trailing twelve month operating earnings as the basis.
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GM profit falls but shares rise on earnings beat
GM reported third quarter profit before taxes of 2.5 billion, down 32 percent from a year earlier, beating expectations as shares rose about 3 percent to 46.48. Net income after tax stood at a loss of 3 billion due to 5.4 billion in charges from Opel and Vauxhall sales, with most profit still from North America amid a shift toward trucks and SUVs.
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