For this weeks "market wrap-up" Dr. Mielki covers Saudi oil prices, dividend taxes, IPO's, and Nigerian currency.
Never let it be said that the Saudi’s aren’t doing their part to boost oil prices. Dr. Mielke looks at "while they perhaps failed to curb output recently, that they are pulling their weight and then some, in the area of consumption."
A new study showing that a shrinking fraction of shareholders of U.S. corporations pay taxes on dividends is bolstering a drive to revamp the corporate tax system. The specter of double taxation, which animates complaints about today’s U.S. corporate tax code, is receding, according to a new study from the Tax Policy Center. Tax-exempt and tax-preferred entities—such as 401(k) plans and other retirement accounts—own more than 75% of U.S. corporate stock, nearly opposite the prevailing pattern from 50 years ago
Some investors are turning again to junk bonds, saying their higher yields make them a good bet at a time when many stocks and government bonds appear richly valued. Yet riskier corporate debt, which investors fled in the first month of the year, now pays above-market yields while appearing less stretched than many other asset classes, many portfolio managers and analysts say.
For investors, 2016 is turning out to be a banner year for IPOs. For bankers, not so much.
Nigeria’s currency plummeted more than 40% against the dollar recently, find out why.
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