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Wall Street says forget about the jobs — Apple's big announcement is all...
Apple on Wednesday said it planned to spend $38 billion in taxes on its overseas holdings, which comprise $250 billion in cash and securities.Analysts are pumped and believe Apple will return a...
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Goldman Sachs says Walmart is 'in control of its own destiny' despite...
Walmart's stock jumped after Goldman Sachs upgraded the company to "Buy" from "Neutral."Goldman added Walmart to its "Americas Conviction List," a group of the bank's favorite stocks to buy.Goldman...
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BANK OF AMERICA: There's one clear way companies should use their mountain of...
Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan.The firm says that mergers and acquisitions is an ideal use, and...
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Starbucks is spending $120 million to address baristas' complaints and raise...
Starbucks employees are getting raises in April, marking the company's second round of wage increases in 2018.The CEO said the raises and new benefits were "accelerated" because of the new tax...
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Companies are under pressure to use tax savings for pay raises — and that's...
Companies are starting to use tax savings to pay workers more, and the industries that already pay the highest wages will see stock prices suffer, Goldman Sachs says.American Airlines, AT&T,...
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Billionaire investor Howard Marks is throwing cold water on the GOP tax law
Many companies have welcomed the new tax law by announcing bonuses, wage hikes, and hiring.Oaktree Capital founder Howard Marks threw cold water on the GOP tax reform in a new memo, questioning its...
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The maker of Huggies and Kleenex is firing up to 5,500 workers — and it's...
Kimberly-Clark— the maker of Huggies and Kleenex — is cutting up to 5,500 jobs. The company said it would use savings from the new Republican tax plan to fund the layoffs and restructuring. Other...
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Wall Street thinks tax reform will give a huge boost to one crucial area of...
Firms across Wall Street are forecasting a pick-up in M&A activity this year.Many of them — most recently Morgan Stanley — cite the positive benefits of tax reform as helping to catalyze deals.It...
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Trump's latest boast is that the stock market would've tanked 50% if Clinton...
President Donald Trump said in an interview with CNBC on Thursday that the stock market would've dropped 50% had Hillary Clinton won the presidential election.Based on a Business Insider study, Trump...
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Boeing pops after beating earnings and raising guidance (BA)
Boeing is up more than 5% Wednesday morning after a stellar earnings report.The planemaker increased both its quarterly earnings per share and revenue, and said it will deliver more aircraft in 2018...
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Pharma giant Merck got an earnings boost from its blockbuster cancer drug (MRK)
Merck reported earnings on Friday, posting a loss of $872 million in the fourth quarter of 2017.Sales of its cancer drug Keytruda nearly tripled to $1.3 billion in the fourth quarter. Merck said that...
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Chipotle tumbles after announcing it will spend $40 million on store upgrades...
Chipotle tumbled more than 9% overnight after reporting better-than-expected earnings on Tuesday. The chain said it would invest $40-50 million in store upgrades and employee bonuses, and the spending...
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Pepsi announced it's laying off employees the same day it touted $1,000...
PepsiCo reported slightly better-than-expected earnings on Tuesday.The company said it will be giving some employees bonuses of up to $1,000 because of the GOP tax plan.Other employees will be laid...
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Democrats are scrambling for a cohesive message to counter the rising...
The Republican tax law is gaining in favorability in the latest polls.Democrats are trying to balance criticisms of the law with the economic benefits.Some Democrats expressed disappointment in party...
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Warren Buffett says proceeds from the GOP tax law made up almost half of...
Warren Buffett's Berkshire Hathaway saw its net worth surge by $65 billion in 2017, almost half of which came from tax proceeds from the recently passed GOP law.There's an expectation that financial...
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Private jet buyers got a big bonus from Trump's new tax law (ERJ, GD, TXT)
The Trump Administration's 2017 Tax Cuts and Jobs Act updated the US tax code to allow 100% bonus depreciation for items such as aircraft.The new policy allows private jet buyers to deduct 100% of the...
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How much money you actually take home from a $75,000 salary under Trump's new...
President Donald Trump's new tax law resulted in a bump in take-home pay for about 90% of Americans, according to the IRS.For people earning $75,000 a year, federal income and FICA taxes amount to $685...
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Treasury Secretary Steve Mnuchin just visited Apple's spaceship — and he got...
Apple had a high profile visitor on Friday — United States Treasury Secretary Steven Mnuchin.Mnuchin announced the visit in a tweet Friday afternoon that included a picture of him with company CEO Tim...
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Here's exactly how much paychecks changed after tax reform for people at...
President Donald Trump's new tax law went into effect this year, changing the 2018 tax brackets.The tax law resulted in a bump in take-home pay for about 90% of Americans, according to the IRS.The...
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The financial services industry is reportedly trying to poach a top Trump aide
One of President Donald Trump's top economic advisers, Shahira Knight, is thinking about leaving the White House, Politico reported Tuesday.The deputy director of the National Economic Council and a...
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