GOP Increases Child Tax Credit in Bid to Satisfy Rubio, Lee
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Republicans will make more of the child tax credit refundable in a last-minute concession to Sens. Marco Rubio and Mike Lee, potentially clearing one of the last big hurdles to passing the plan.
U.S. Industrial Production Rose 2% in November
U.S. industrial production rose slowly in November, with the increase entirely due to a post-hurricane recovery in oil and gas extraction.
U.S. Stocks Climb as Investors Await Final Tax Plan
U.S. stocks bounced higher as investors awaited details of a compromise tax-overhaul plan in Washington. Indexes in Europe and Asia fell.
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EU Leaders Agree to Advance Brexit Talks
European leaders agreed to advance Brexit negotiations but called on U.K. Prime Minister Theresa May to tell them quickly what her government wants from a future trade agreement for serious talks to start in March.
New York Manufacturers Report Slower Growth in December
An index from the Federal Reserve Bank of New York measuring business conditions for New York manufacturers fell again in December as delivery times grew and the number of employees fell.
Fed's Evans Says Concerns About Persistently Weak Inflation Behind His Dissent
Federal Reserve Bank of Chicago President Charles Evans said concerns about inflation were behind his vote against the central bank's rate increase this week, although he described the decision as a close one.
Bank Stocks Can Fight the Fed, for Now
At some point, higher interest rates may become a negative for banks, but not for a while. Despite the flattening of the yield curve, banks' net interest margins have been rising, and their stocks have fared well.
Oil Prices Edge Up Amid Pipeline Outage
Oil prices firmed Friday, supported by a pipeline outage in the North Sea and ongoing cuts by major producers, but higher forecasts for U.S. output in 2018 from major energy groups this week limited gains.
Macron, Merkel Edge Towards Deal on Deeper Eurozone Integration
Leaders of France and Germany said they were working toward a plan to deepen the economic and financial cooperation of countries using the eurozone.
Dollar Scarcity Sends Global Funding Costs Soaring
The cost of derivatives that allow European investors to access U.S. dollars has rocketed this week, with some reaching their steepest levels since the worst days of the eurozone sovereign-debt crisis.
(END) Dow Jones Newswires
December 15, 2017 13:15 ET (18:15 GMT)