good morning! It’s Daniel de Vis with your daily money.
American companies are buying back their stocks at a record pace, even when stock prices are at their highest ever.
That trend could provide everyone else with a purchase opportunity. Medra Lee explains.
Panic remains over new visa restrictions
Seattle-based software engineer Henry Pan was on a high-speed train in his hometown of Nanjing, China, when President Donald Trump’s new visa restrictions hit his mobile phone.
On Friday, Trump announced new restrictions on foreigners who hold H-1B visas that allow people with higher education and special skills to legally work in the United States. The president’s declaration sent hundreds of thousands of workers into the tailspin.
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Tax season isn’t even near, but it’s time to begin planning to take advantage of the new provisions of the massive tax and spending bill that became law in July, experts say.
There are no tips or taxes on overtime, and the $6,000 bonus deduction for seniors is well-published, but the new law offers more tax changes.
About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
