Trump Says Jerome Powell Is His Choice to Lead Federal Reserve
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President Donald Trump said he would nominate Federal Reserve governor Jerome Powell to be the next chairman of the central bank, saying he has the "wisdom and leadership" to guide the economy through any turbulence that arises.
Stocks Waver as Investors Parse Tax Plan, Earnings Reports
Stocks wobbled and bonds strengthened as investors assessed House Republicans' proposal for the biggest tax code overhaul in decades.
Bank of England Raises Interest Rates for First Time in a Decade
The Bank of England raised its benchmark interest rate for the first time in a decade, a telegraphed move that represents the latest step by the world's major central banks to withdraw crisis-era stimulus.
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Republicans Stick With Big Corporate Tax Cuts in House Bill
The Tax Cuts and Jobs Act would permanently chop the corporate tax rate from 35% to 20%, compress the number of individual income tax brackets, and repeal the taxes paid by large estates starting in 2024, according to a detailed summary of the plan reviewed by The Wall Street Journal. The plan would seek the biggest transformation of the U.S. tax code in more than 30 years.
Trump's Nafta Threat Casts Pall Over Business Plans
While many view President Trump's threat to withdraw from the North American Free Trade Agreement as a negotiating tactic, some businesses with cross-border operations are preparing for the possibility.
Banks Sidestep a Big Tax-Plan Pitfall
Banks do pretty well under the tax bill unveiled Thursday: it puts them on track for big tax cuts yet lets the firms avoid some of the biggest potential downsides of the overhaul.
U.S. Worker Productivity Jumped in Third Quarter
U.S. workers boosted output per hour this summer at the best rate in three years, a sign that long sluggish productivity gains might finally be breaking out.
U.S. Jobless Claims Fall Despite Hurricane Effects
The number of Americans filing applications for new unemployment benefits fell last week, despite hurricane-ravaged Puerto Rico beginning to process a backlog.
U.S. Sets Final Tariffs for Canadian Softwood Lumber
The U.S. set big tariffs on imports of softwood lumber from Canada, increasing economic tensions between Washington and Ottawa at a time when North America's trade architecture is in jeopardy.
ISM-New York Business Index Grew in October
Business conditions across New York City rose in October, according to a report released Thursday.
(END) Dow Jones Newswires
November 02, 2017 17:15 ET (21:15 GMT)