GOP Increases Child Tax Credit in Bid to Satisfy Rubio, Lee
Continue Reading Below
Republicans Friday agreed to a more generous tax credit for people with children 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. 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.
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.
Continue Reading Below
Fed's Quarles to Recuse Himself From Matters Involving Wells Fargo
Federal Reserve Vice Chairman for Supervision Randal Quarles will recuse himself from participating in matters specific to Wells Fargo & Co., "to avoid even the potential appearance of a conflict of interest."
U.S. Industrial Production Rose 0.2% 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.
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.
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.
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.
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.
Can the Tax Cut Boost Stocks?
Businesses are getting a profit windfall from the Republican tax bill, but after this year's stock market rally, the gains won't make their shares look cheap.
(END) Dow Jones Newswires
December 15, 2017 15:15 ET (20:15 GMT)