Stocks Steady on U.S. Tax Plan
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Stocks were mostly steady as the Trump administration outlined its tax plan.
Trump Calls for Cuts in Business, Individual Taxes
Under President Trump's proposed tax overhaul, the corporate rate would drop to 15% from 35%, with a 35% top rate for individuals. Lower brackets would be set at 10% and 25%. The plan would end deductions for state and local taxes, and the alternative minimum tax would be repealed.
Trump Administration to Launch Probe of Aluminum Imports
The Trump administration is set to launch a wide-ranging probe of aluminum imports that could end in broad tariffs or other trade restrictions on the metal, according to two people familiar with the matter.
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Regulator Outlines Net-Neutrality Rollback
A top federal regulator proposed rolling back Obama-era net neutrality rules, proposing a new rule-making proceeding to reverse the 2015 rule that reclassified internet providers as common carriers, subjecting them to utility-style FCC oversight.
Federal Reserve Restructuring Part of Large Bank Supervision Program
The Federal Reserve is restructuring a panel it set up in 2010 to improve its supervision of the largest and most complex banks, according to people familiar with the initiative, in its latest effort to implement lessons learned from the financial crisis.
Oil Prices Recover After Stockpiles Data
Oil futures were rising after U.S. data showed refiners continued to gobble up crude oil from storage tanks, drawing down stockpiles.
State Banking Regulators Sue Federal Agency to Stop Charters for Fintech Firms
State banking regulators sued a federal agency in an effort to prevent it from issuing specialty national banking licenses to financial-technology firms, a growing area of competition for traditional banking.
Report Warns of 'Problematic Conditions' in Canada's Property Market
Evidence continues to point to "problematic conditions" in Canada's real-estate market, with house-price gains in Toronto and the surrounding regions rising at a pace that can't be justified by economic fundamentals, the country's housing agency said Wednesday.
Canada Retail Sales Drop 0.6% in February
Canadian retail sales fell sharply in February on lower auto sales, representing the latest economic indicator to signal growth is slipping somewhat after a strong run.
Nafta Report Sends Peso Reeling
The Mexican peso is heading for its biggest drop in five months amid reports that the White House is drafting an order to pull out of the North American Free Trade Agreement.
(END) Dow Jones Newswires
April 26, 2017 15:15 ET (19:15 GMT)