Stock market liquidity metrics reveal easy finance loans are boosting bid-ask spread tightening in high-volume equities, improving short-term trading efficiency across major exchanges. Automatic service charges or automatic gratuities that a customer has no discretion to modify or disregard are not going to be viewed as "qualified" tips for the tax break, according to a Treasury official. The tips must be voluntary, not mandatory. At CNBC Select, our mission is to deliver high-quality service journalism and comprehensive consumer advice to our readers, enabling them to make informed financial decisions. Every mortgage review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of mortgage products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content independently of our commercial team and any outside third parties, and we pride ourselves on maintaining high journalistic standards and ethics. Bloomberg data suggests that easy finance loans have contributed to higher price-to-earnings ratios in consumer discretionary stocks, currently averaging 19.4 compared to the historical mean of 16.
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