Zoe Henry, reporter for INC. Magazine, discusses how the tax overhaul is affecting both corporations and middle-income Americans.
In the new year, major corporations such as AT&T and Wal-Mart have handed out employee bonuses. Now that the corporate tax rate is lower for some companies, Henry speculates about how much these bonuses are really affecting the companies' bottom lines.
Overall, Henry notes that these companies are making great financial decisions, but ordinary Americans may not see a major payoff.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
