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GOP Tax-Overhaul Bill Heads to Senate

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The Senate will vote on the GOP tax-overhaul bill this evening, then the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules. President Donald Trump could sign it into law later this week.

Asia-Pacific Markets Quiet; Busy Day for Bitcoin

Asia-Pacific stocks didn't move much after modest pullbacks in the U.S. and Europe, but bitcoin had a wild morning.

Tech Sector Leads U.S. Stocks Lower

Declining shares of technology companies caused major indexes to edge lower Tuesday, even as Republicans advanced their sweeping rewrite of the U.S. tax code.

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Big U.S. Banks Get Satisfactory Grades on 'Living Wills'

The eight largest and most complex U.S. banks received satisfactory grades on their latest "living will" bailout-prevention plans, a milestone that further reduces the already-remote possibility that any of the firms would be broken up by the government.

Court Allows Suit Against Stock Exchanges to Proceed

A federal appeals court said a lawsuit accusing stock exchanges of defrauding investors by favoring high-speed traders can go forward, in a blow to the New York Stock Exchange and Nasdaq.

Canada Releases Data on Foreign Influence on Housing

Data from the federal government and Canada Mortgage and Housing Corp. reveal that foreign ownership of houses in Vancouver and Toronto is relatively modest.

China, Seeking Growth, Softens Focus on Cutting Debt

As China prepares to unveil its economic blueprint for 2018, people familiar with the plan say it will show that Beijing is finding it hard to cut debt without jeopardizing growth, and is changing its goal to just "control" a rise in borrowing.

House Passes Bill to Revamp Criteria for 'Systemically Important' Banks

Regulators would have more discretion to decide which banks to target for stricter oversight under bipartisan legislation that House lawmakers approved Tuesday, the latest front in a broad push to ease postcrisis regulations.

Cryptocurrency Exchange Collapses, Files for Bankruptcy After Hack

A cryptocurrency exchange in South Korea collapsed after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves.

Cut Your Tax Bill: What to Do Before Jan. 1

Taxpayers who plan to itemize their deductions next year should consider a few strategies in the coming days, from accelerating state tax payments to rethinking charitable donations.

(END) Dow Jones Newswires

December 19, 2017 23:15 ET (04:15 GMT)