The Trust Company of Kansas

Billions of AGI Shifting to Lower-Tax States

According to the latest IRS Migration Data released in early 2026, a trend in taxpayer relocation is emerging: Taxpayers are leaving states with higher income tax rates and moving to states with lower income tax rates.1 But the migration is about more than just population shifts — billions of dollars in adjusted gross income (AGI) is […]

Stocks Rally as Cooler Jobs Data Eases Rate Concerns

Wall Street ended last week on solid footing, with each of the benchmark indexes listed here posting notable weekly gains, capped by a Friday rally. The market was buoyed by strong Q2 corporate earnings results and a cooler-than-expected labor report, which quelled immediate fears of aggressive monetary tightening in the near term. Ten-year Treasuries fell […]

Trade Roundup: New Tariff Actions and Rates

On July 24, 2026, the United States imposed a fresh round of tariffs on goods from 60 trading partners, citing Section 301 of the Trade Act of 1974. Imported goods are subject to a baseline duty of 10% or 12.5%, depending on the trading partner’s efforts to address alleged forced labor practices. A temporary 10% […]

Markets Rebound After Federal Reserve Holds Rates Steady

The last week of July was an event-heavy one for Wall Street. Investors had to evaluate the impact of significant Q2 earnings results, a Federal Reserve rate decision, the latest gross domestic product report, and more inflation data. Despite a sharp mid-week plunge following the Fed’s decision to maintain the current interest rate range, equities […]

Student Loan Auto Pay Discount Increases to 1% for Eligible Borrowers

The U.S. Department of Education has temporarily increased the interest rate discount for federal student loan borrowers enrolled in auto pay from 0.25% to 1% as of July 1, 2026. The enhanced discount will remain available through June 30, 2028, and applies to borrowers already enrolled in auto pay as well as borrowers who sign […]

Stocks End Lower as Oil Prices Swing on Middle East Tensions

Despite a broad-based rally last Friday, stocks generally closed the week lower. With the exception of the Global Dow, each of the benchmark indexes listed here ended last week in the red. Ongoing tensions in the Middle East have wreaked havoc with crude oil prices, which jumped to over $100/barrel last Thursday, only to plunge […]

530A Trump Accounts Officially Open: What Families Need to Know

Amid the July 4th fanfare, a new tax-advantaged investment account officially launched: the 530A account, also known as a Trump Account, which is designed to help children get a head start on their financial future. Parents (or other authorized representatives) have been able to apply since December 2025. By mid-June, more than six million accounts […]

Markets Slip as Geopolitical Tensions Weigh on Stocks

Wall Street experienced a downturn last week. Investors were in a “risk-off” mood as the war in Iran escalated, while AI and semiconductor shares dropped, which dragged the overall market lower. Each of the major market indexes lost value, ending a streak of favorable weekly performances. Traders moved away from Megacap shares, which pulled prices […]

Who Owns America’s $39 Trillion National Debt?

America has accomplished incredible things throughout its 250-year history, but debt is also part of its story. Today, the United States has the highest national government debt in the world. This graphic shows who holds U.S. debt, from domestic investors and foreign governments to the Federal Reserve and internal trust funds. Breaking down who holds […]

Tech Stocks Rebound as Markets Shake Off Early Uncertainty

Investors were somewhat skittish during the early part of last week as tensions in the Middle East intensified. However, stocks closed the week on an uptick following solid sessions last Thursday and Friday. After a brief retreat, tech shares led the market surge, supported by the New York market debut of a major South Korean […]