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IRS Needs Funding for GOP Tax Overhaul, Report Says

IRS Needs Funding for GOP Tax Overhaul, Report Says

The Internal Revenue Service, after years of budget cuts, will have its hands full implementing the new tax law, according to the agency’s in-house public advocate.

Published 1 week ago

‘Fiduciary Rule’ Poised for Second Life Under Trump Administration

‘Fiduciary Rule’ Poised for Second Life Under Trump Administration

The Trump administration’s threat to dismantle Obama-era rules that cracked down on conflicted advice from stock brokers won’t mean no rules at all. Instead, they could emerge from a different regulator who Wall Street knows a little better.

Published 1 week ago

China Quietly Orders Closing of Bitcoin Mining Operations

China Quietly Orders Closing of Bitcoin Mining Operations

Chinese authorities ordered the closing of operations that create a large share of the world’s supply of bitcoin, tightening a clampdown that has already shuttered exchanges for the trading of cryptocurrencies in China.

Published 1 week ago

The Best and Worst Airlines of 2017

The Best and Worst Airlines of 2017

Delta dethrones Alaska in the Journal’s annual analysis of U.S. carriers, while American climbs out of the cellar.

Published 1 week ago

Buffett’s Berkshire Hathaway Furthers Succession Plan

Buffett’s Berkshire Hathaway Furthers Succession Plan

Warren Buffett has elevated two longtime Berkshire Hathaway executives, Gregory Abel and Ajit Jain, to vice chairman roles at the company, all but confirming years of speculation that one of them is in line to replace him.

Published 1 week ago

Senate Democratic Report Alleges Russia Seeks to Undermine West

Senate Democratic Report Alleges Russia Seeks to Undermine West

Senate Democrats in a 200-page report accused Russia of a broad effort to undermine democratic institutions in Europe and North America, and urged the U.S. and its allies to develop a strategy to defend against threats like cyberhacking and disinformation.

Published 1 week ago

Global Stock Rally Falters After a Strong Start to 2018

Global Stock Rally Falters After a Strong Start to 2018

European stocks moved lower, echoing negative trading in the Asia-Pacific region, as investors sold off after an upbeat start to 2018 for global equities.

Published 1 week ago

Murdoch looks to add 10 Sinclair stations to Fox

Murdoch looks to add 10 Sinclair stations to Fox

Local channels would boost US portfolio after planned asset sale to Disney

Published 1 second ago

Trump’s ‘war’ on California prompts state to fight back

Trump’s ‘war’ on California prompts state to fight back

On tax, net neutrality, cannabis and more, the biggest US state is asserting its rights

Published 1 second ago

Chinese regulators move to shutter bitcoin mines

Chinese regulators move to shutter bitcoin mines

Decision reflects Beijing view cryptocurrencies are not a strategically important technology

Published 1 second ago

Catalan separatists seek to elect exiled Puigdemont as leader

Catalan separatists seek to elect exiled Puigdemont as leader

People close to his party say he could preside over the region via Skype

Published 1 second ago

What the Tax Law Will Do to Bank Earnings

What the Tax Law Will Do to Bank Earnings

It is going to be a noisy quarter for bank earnings. Because of the tax-overhaul law, big banks are going to record a host of special charges that cut into fourth-quarter profit.

Published 1 week ago

With U.S. Aid Cut, Pakistan Drifts Closer to China

With U.S. Aid Cut, Pakistan Drifts Closer to China

Senior Pakistani officials warned that the U.S. suspension of security aid announced last week will push their country closer to China, Washington’s main rival for influence in Asia, as regional alliances realign.

Published 1 week ago

US exempts Florida from new oil exploration licences

US exempts Florida from new oil exploration licences

Interior secretary partially backtracks on pledge to open up more coastline to drilling

Published 1 second ago