ShutterstockProfessional/Shutterstock

Berkshire book value rises by $37 billion thanks to US tax cuts

Berkshire Hathaway has reported that it expects to receive a 12 percent increase in book value, a yardstick used to measure company performance by calculating assets minus liabilities. The increase, worth about $37 billion, is credited to the recent tax cut bill signed into law by President Trump. 

Barclays Capital analysts sent a note to its clients on Monday stating that the Warren Buffett-owned conglomerate could expect to see the increase for the last quarter of 2017 soon, “…because Berkshire can lower its tax bill on investments that have risen in value.”

Berkshire owns subsidiaries like Geico and BNSF Railroad, and has long been seen as a beneficiary of corporate tax cuts. They saw their Class A shares reach $300,000 just three weeks ago, shares that are now expected to reach $357,000, with Class B shares projected to rise to $238 from $215. 

MB298/Wikipedia (CC2)

Man in a MAGA hat yells racial slurs, pushes Hispanic man onto NYC subway tracks

A man wearing a “Make America Great Again” hat is at large after assaulting and pushing a Hispanic man onto the subway tracks in Ne​... Read more

Make Lemons/Flickr (CC2)

BREAKING: Shooting erupts in Tennessee Waffle House, at least 3 confirmed dead

A gunman has left three people dead in a Waffle House in Tennessee in a shooting early Sunday morning, according to CNN. Reports ar​... Read more

Max / Kelly Benston - Facebook

Partially blind, deaf dog keeps watch over lost toddler for 15 hours in Australian bushland

A 17-year-old, deaf and partly blind blue heeler stayed with a lost toddler throughout a cold and rainy night in the Australian bus​... Read more

Niyazz/Shutterstock

Suicide bomber kills 48 people in Kabul voting center

A suicide bomber blew himself up outside a voter registration center in Afghanistan's capital of Kabul on April 22nd, killing at le​... Read more

Meow/Wikipedia (CC3)

Melania Trump invited two White House staffers close to Barbara Bush to funeral

Melania, who represented the first couple at Barbara Bush's funeral in Texas, also invited former White House head maitre d' George​... Read more

Image: Roberto Robotico Livar (Facebook)

Texas school asks students to write the positive aspects of slavery, apologizes after public outroar

Early this week, Roberto Robotico Livar from Texas discovered that his son had received a unique task from his teacher: to note the​... Read more

Filipe Frazao/Shutterstock

European Union and Mexico make new free trade agreement

The European Union and Mexico have reached an agreement on a new free trade deal, updating a deal made over twenty years ago.​... Read more