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James Langford

The latest tax bill and deregulation coming down the line has been a positive for equity markets, with the blue-chip Dow Jones Industrial Average surging 38 percent to a record above 25,000 and the broader S&P 500 climbing 29 percent. (iStock)
Business

For US banks, tax-cut bonanza follows a gloomy year for traders

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Berkshire Hathaway CEO Warren Buffett (pictured above) has named two new successors: Ajit Jain, who heads Berkshire's reinsurance operations, and Gregory Abel, who runs Berkshire Hathaway Energy. (AP Photo/Nati Harnik)
Business

Billionaire Warren Buffett names two potential heirs to Berkshire CEO role

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Bitcoin's value dipped slightly on Wednesday afternoon, according to tracking service Coindesk, paring 12 months of gains that had taken its value to $14,855 as both the Chicago Mercantile Exchange and the CBOE Futures Exchange offered futures contracts in it. (AP Photo/Eric Gay)
Business

The ‘Oracle of Omaha’ delivers an ominous warning about bitcoin

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The pace of dealmaking among pharmaceutical businesses is expected to pick up in the next six to 12 months, in part because of the Tax Cuts and Jobs Act passed in December.
Business

Big Pharma goes shopping as tax bill returns almost $200 billion cash to US

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JPMorgan Chase Chairman and CEO Jamie Dimon remained skeptical about Bitcoin in a Tuesday interview, saying
Business

JPMorgan chief backtracks on bitcoin ‘fraud’ claim but remains dubious

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Average loss rates on credit card accounts at three of the largest U.S. banks, JPMorgan Chase, Bank of America, and Citigroup, may have reached 2.46 percent in the three months through December. (iStock)
Business

US banks buoy reserves as credit card debt hits $1.02 trillion record

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Lululemon will post a
Business

Lululemon predicts short-term pain, long-term gains from tax bill

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President Trump signed the GOP's $1.5 trillion tax cut bill on Dec. 22. The new law lets firms bring overseas earnings back to the U.S. without a penalty once they pay a one-time levy and reduces the top tax rate to 21 percent. (Mike Theiler/Pool via Bloomberg)
Business

Cash windfall from Trump’s tax law may fuel corporate dealmaking boom

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Macy's announced Thursday that it would close 11 more stores as part of a plan announced two years ago to eliminate 100 of its branches to ensure it held the most competitive mix of digital and physical stores. The retailer has yet to identify 19 of them. (AP Photo/Damian Dovarganes, file)
Business

Tax bill tantalizes store clerks after holiday hiring boom fades

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The Dow Jones industrial average past 25,000 on Thursday. The biggest gainer was corporate technology provider IBM, which rose 2.2 percent to $161.93. (AP Photo/Mark Lennihan)
Business

Dow Jones index tops record 25,000 with a push from lenders, tech firms

James Langford -
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