Share buybacks boom as Trump lifts all "constraints on taking money out of public companies.”

Analysis shows just 6% of corporate gains from Trump’s tax cuts have trickled down to workers as raises, bonuses and investments

US stock markets keep hitting record highs – as anyone who follows Donald Trump’s Twitter account can’t help but notice. And “more good news is coming” for those who have “made a fortune” in US stocks, the president promised this week.

But behind Trump’s sunny, late summer disposition, there is growing concern that the principal beneficiaries of Trumpian economic largesse are those like him in the uppermost reaches of the economic scale.

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from US news | The Guardian https://ift.tt/2otA1nd