Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing<br />In fact, the total cost of the wage increases and bonuses “will amount to just 1.75 percent of the banking industry’s noninterest expenses in 2018.”<br />Morgan Stanley reported a profit of $686 million, including a one-time charge on $990 million related to the new tax law.<br />Though Goldman’s $1.9 billion loss for the fourth quarter was<br />because of a $4.4 billion charge related to the new tax law, the big number was 50 percent.<br />The bank’s fourth-quarter advisory revenue, down 6 percent “on lower levels of completed<br />M&A activity.” Goldman reported 9 percent decline in advisory revenue.<br />People would lose their minds if Amazon picked Toronto<br />— Michael J. de la Merced<br />As it repatriates most of its $252 billion cash hoard from foreign subsidiaries, Apple<br />has become a triumphant example for Republicans of what the new tax law can do.
