Will the COVID vaccines boost the markets in 2021? Schwab’s Chief Investment Strategist Liz Ann Sonders lays out her forecast for the coming year. There’s speculation about a 28% corporate tax hike in 2021. CNBC has surveyed CFOs on whether they think it’s likely, and whether the Biden administration will be good for business. Investors need to beware of a new scam that targets your Social Security information. Laurie Konish of CNBC describes how to protect yourself.
2021 U.S. Market Outlook: Better Days? — Stocks closing out 2020 having crossed the COVID chasm, but the economy has more rough terrain to traverse. While vaccines represent the light at the end of the tunnel, we will enter 2021 still in the tunnel. Liz Ann Sonders believes that the larger the near-term contraction in activity due to the virus, the stronger the rebound. Read more…
Biden Won’t Be Able To Raise The Corporate Tax Rate to 28%; CFO Survey — The CNBC Global CFO Council represents some of the largest public and private companies in the world, collectively managing more than $5 trillion in market value across a wide variety of sectors. In their recent survey, 58% said it’s unlikely that Joe Biden will be able to pass a corporate tax hike to 28%, and the largest group surveyed thinks he will have a neutral effect on their business. Read more…
Majority Of Seniors Surveyed Have Been Targeted By A Social Security Scam In The Past Three Months. Here’s How To Protect Yourself — If you receive a text, email or phone call purporting to be from the Social Security Administration, think twice before responding. The people on the other end are likely fraudsters. Here’s how to protect yourself and how to report them. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller