US Productivity Posts Unexpected 0.1% Drop
The Q4 decline follows a 2.7% gain in Q3 but economists believe higher capital spending could lift productivity this year.
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
Humana Puts Tax Savings Into Worker Benefits
The insurer is raising its minimum wage, joining other companies that have announced some form of bonus or wage hike resulting from the new tax law.
JPMorgan Takes $2.4B Charge Due to Tax Law
The bank's Q4 adjusted earnings beat analysts' estimates and it expects the tax cuts will boost profits "in 2018 and beyond."
Goldman to Take $5B Charge From New Tax Law
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
Tax Bill Forces Barclays to Take $1.2B Charge
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
Tax Cuts Come With Writedowns for Insurers
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
GOP Tax Bill Spurs Corporate Bonus-Giving
Fifth Third Bancorp says about 75% of its employees will receive a pay increase or bonus in the wake of the corporate tax cut.
U.S. GDP Growth Revised Upward to 3.3% for Q3
The economy grew at the fastest pace since the third quarter of 2014 and could be headed for a strong finish to the year.
OECD Raises 2018 US Growth Forecast to 2.5%
The group sees a temporary boost to GDP from the proposed tax cuts but its projection is still below that of the Trump administration.
Will Tax Cuts Boost Capital Spending?
Despite surging sales and cash flow, company spending on capex continues to lag.