Taxes

___ Dow industrials drop 600 points, extending a weeklong slump NEW YORK (AP) — U.S. stocks slumped Friday, pulling the Dow Jones industrial average down more than 650 points and handing the market its worst week in two years.

Exxon and Chevron are earning billions and benefiting from the new tax law, but profits are falling short of expectations that were raised by higher oil prices.

Taxpayers are starting to see bigger paychecks because of President Donald Trump and congressional Republican's $1.5 trillion tax plan, yet the sweeping overhaul is emerging as a hurdle for New Jersey Gov. Phil Murphy as he assembles his first budget.

Gig economy workers aren’t expected to see a major benefit from recent GOP-backed tax reform until next year, but independent contractors can still help their cause this tax season by being diligent about their business expenses.

Updated 01/01/18 to reflect new amounts for 2017 tax season Parents with young adult children face a complicated decision when it comes to filing their taxes: should they be claimed as dependents?

Boeing Co. is reporting a fourth-quarter profit of $3.13 billion.

President Donald Trump will herald a robust economy and push for bipartisan congressional action on immigration in Tuesday's State of the Union address, as he seeks to rally a deeply divided nation and boost his own sagging standing with Americans.

The Latest on President Donald Trump's State of the Union speech (all times local): 12:18 p.m. President Donald Trump's top economic and national security advisers help with his State of the Union address.

For the Koch brothers and their powerful donor network, the trouble with President Donald Trump isn't what he's doing.

While a vote on the Senate’s newly released health care bill has been delayed due to Sen. John McCain’s unexpected absence, the White House continues to work behind the scenes with Congress on a tax reform overhaul—something Americans should expect to see by Christmas, according to one senator.

New York, New Jersey and Connecticut say they plan to join together to sue the federal government over the Republican-led federal tax overhaul.

President Donald Trump is in salesman mode as he heads to a global summit in the Swiss Alps.

Starbucks is giving its U.S. workers pay raises and stock grants this year, citing recent changes to the tax law.

Johnson & Johnson is reporting a fourth-quarter loss of $10.71 billion, after reporting a profit a year earlier.

Tax season is rapidly approaching and both taxpayers and financial advisors are still getting acquainted with all the finer details of the GOP’s new legislation.

Gov. Andrew Cuomo calls them "revenue actions" and "revenue raisers."

___ Amazon narrows list to 20 for its second headquarters NEW YORK (AP) — Amazon has narrowed its search for a second headquarters city to 20 locations, concentrated mostly in the East and the Midwest.