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Postal Service berated by Trump posts $540 million quarterly loss
Business

Postal Service berated by Trump posts $540 million quarterly loss

James Langford -
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Pedestrians walk past AIG headquarters in New York. The insurer posted lower quarterly earnings than Wall Street expected after losses from the California wildfires and a charge of more than $6 billion from President Trump's tax overhaul. Photographer: Victor J. Blue/Bloomberg
Business

AIG loss doubles amid tax-overhaul costs, California wildfire payouts

James Langford -
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A trader works on the floor of the New York Stock Exchange. The blue-chip Dow Jones Industrial Average tumbled more than 1,000 points Thursday, the second such drop in a week.Photographer: Michael Nagle/Bloomberg
Business

Dow posts second 1,000-point drop this week as lower jobless claims renew rate-hike worries

James Langford -
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A customer exits a CVS pharmacy in downtown Los Angeles in October 2017. The drug-store chain is planning to use some of the $1.2 billion cash from a GOP-led tax overhaul to repay debt amid its $69 billion purchase of insurer Aetna. Photographer: Christopher Lee/Bloomberg
Business

Trump tax break will help CVS repay debt amid $69 billion Aetna deal

James Langford -
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The Dow Jones industrial average shuddered Thursday after President Trump announced $50 billion in tariffs on imports from China.
Business

US markets slide as lower jobless claims renew rate-hike worries

James Langford -
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Nvidia Corp. graphic processing units sit stacked inside a 'mining rig' computer, used to generate the Ethereum cryptocurrency, in Budapest, Hungary in January. U.S. securities regulators say adequate oversight of cryptocurrency markets may require new tools from Congress. Photographer: Akos Stiller/Bloomberg
Business

It’s time for Congress to consider new cryptocurrency laws, Trump regulators say

James Langford -
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A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones Industrial Average after the index suffered the largest drop, by points, in its history. The Dow began paring those losses on Tuesday. (AP Photo/Richard Drew)
Business

Dow leads US indexes in rebound from breathtaking drops

James Langford -
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The administration has canceled or delayed more than 1,500 regulatory actions planned under former President Barack Obama. About $570 million a year in costs, which comes out to $8.1 billion over a lifetime, has been eliminated as a result, the White House says. (Illustration by Bill Lesniewski)
Business

Trump cuts business free

James Langford -
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Both the SEC and the commodities-trading commission
Business

Why bitcoin conjures dot-com ghosts, and worse, for regulators

James Langford -
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Bank CEOs pointed to significantly lower tax rates in the future that they said would boost spending by their clients and potentially enable them to increase stock buybacks and invest in growth. (Michael Nagle/Bloomberg)
Business

Wall Street unfazed by $33 billion upfront price for tax reform’s magic elixir

James Langford -
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