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Savings from US tax cuts unleashing a bonanza of stock buybacks

UBS analysts covering Apple said the iPhone maker might authorise another US$30 billion in share purchases when it reports its next quarterly earnings in April. That would be on top of the US$30 billion it already spends each year to buy back its shares.

Warren Buffett said that his company, Berkshire Hathaway, enjoyed a US$29 billion gain thanks to the new tax law.

New York

PRESIDENT Donald Trump promised that his tax cut would encourage companies to invest in factories, workers and wages, setting off a spending spree that would reinvigorate the American economy.

Companies have announced plans for some of those investments. But so far, they

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