Business Highlights

Wells Fargo faces shareholders, protesters at annual meeting PONTE VEDRA BEACH, Fla. (AP) — Wells Fargo's top management faced a series of protesters and apologized to investors, but board members kept their jobs.

Michigan approves amended tax incentives for Dow, AK Steel

A Michigan board approved restructured tax incentives Tuesday for Dow Chemical and AK Steel and capped the credits' value similarly to how it did in agreements with automakers in recent years, despite lawmakers' criticism of the new deal for the steelmaker.

Stocks

Technology

A S&P 500 ETF Celebrates 14-Years of Outperformance

Long-term investors who are less wary of short-term twists and turns should look to an equal-weight S&P 500 exchange traded fund that focuses on smaller companies in the benchmark index as a way to generate enhanced returns over the long haul. Specifically, the the Guggenheim S&P 500 Equal Weight ETF (NYSEArca: RSP), which tracks the…

ETFs

GOP drops US-Mexico wall demands as spending talks advance

Bipartisan bargainers are making progress toward a budget deal to prevent a partial federal shutdown this weekend, a major hurdle overcome when President Donald Trump signaled he would put off his demand that the measure include money to build his border wall with Mexico.

How major US stock market indexes fared on Tuesday

More big businesses joined the earnings parade Tuesday, saying their profits were even larger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald's.

Retirement

Bond ETF Growth Could Surge as Institutional Investors Jump In

Institutions have been playing the exchange traded fund field through large and liquid equity offerings like the SPDR S&P 500 ETF (NYSEArca: SPY), and now these big investors are setting their sights on bond options, potentially fueling growth in a relatively overlooked segment of the ETF space. According to Morningstar data, bond ETFs attracted $91.9…

GOP budget hawks open to Trump tax plan despite deficit

President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also blowing a massive hole in the budget?