Diversified Digest: September 29
by: R. Samuel Fraundorf
Diversified Trust’s investment team brings you headlines of note for the week. Click on the links to access the articles we found of interest.
The Trump administration released a more detailed summary of its tax reform plan, which will begin to dominate the discussion and debate inside the Beltway well into 2018. At only nine pages, it is not particularly complex, and a simple summary helps individuals understand where they fall out in terms of tax rates. But taxes paid are the product of two numbers: the tax rate and taxable income. As we are learning, the definition of taxable income is still up for discussion.
For years, Apple has been able to roll out new phones with improvements that tended to follow rather than lead and yet still set new sales records. Initial demand for the iPhone 8 appears lackluster, perhaps because consumers are waiting to order the new iPhone X, even though Apple has built the fastest mobile phone in history, rivaling the speed of even its MacBooks.
An in-depth review of the current investigation into Equifax is providing some very interesting and concerning facts. Like the hack has many of the hallmarks of a state-sponsored intrusion and Equifax may be more responsible for the results than many people realize.