Tax Bill Injects Calm Into Markets
Continue Reading Below
U.S. stocks swung between small gains and losses after the Senate passed the largest structural overhaul of the U.S. tax system in three decades.
How Trump, GOP Forged Landmark Tax Plan
Wednesday's expected final passage of a tax bill that will touch virtually every American business and family in many ways rose from the wreckage of the Republican effort to set up a new health-care system. The defeat of the health-care bill hung over the tax legislation efforts, shaping the strategy used to pass it and mobilizing Republicans eager to show they could govern.
Risky Plan to Keep London as Europe's Financial Hub
London's position as Europe's financial center after Brexit is definitely under threat. The Bank of England is doing its bit to protect its status, but risks leaving itself at the back of the queue when banks get into trouble.
Continue Reading Below
U.S. Existing-Home Sales Jumped in November
Sales of previously owned U.S. homes rose in November to the strongest pace in more than a decade, the National Association of Realtors said Wednesday.
U.S. Oil Inventories Fall as Refinery Activity Quickens
U.S. inventories of crude oil fell by 6.5 million barrels, more than twice what was expected, for the week ended Dec. 15 as refinery activity sped up, according to EIA data.
Robust Global Growth Fuels 2017 Copper Rally
Copper is on track to post its best year since 2010, supported by a favorable global economic backdrop and the prospect of mine disruptions across the globe.
Big Hedge Funds Want In on Bitcoin
Until recently, big-name hedge funds paid little attention to the digital currency. But the rollout of futures trading and soaring prices has some large firms considering whether it is time to wade into the market.
Oil Steady Amid Pipeline Outage, Decline in U.S. Stocks
Oil prices held steady, supported by a continuing outage of a North Sea pipeline and data showing a decline in U.S. crude inventories.
Tax Overhaul Makes Homeownership Less Appealing
The tax-code overhaul wipes out decades-old perks designed to encourage homeownership, meaning that there will be little difference between owning and renting.
U.K. Reassures EU Banks of 'Business as Usual' After Brexit
The Bank of England has moved to placate European investment banks in London, saying they likely won't be forced to build heavily-capitalized outposts in the U.K. after Brexit, the latest effort by British policy makers to maintain London's pre-eminence as a financial center.
(END) Dow Jones Newswires
December 20, 2017 11:15 ET (16:15 GMT)