Sweeping Tax Bill Heads to Trump for Signature
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The most sweeping changes to the tax code in more than 30 years are on the way to President Donald Trump after the House passed a $1.5 trillion tax cut for a second time. But it was uncertain when the president would sign the bill into law.
Tax Bill Injects Calm Into Markets
U.S. stocks wobbled between small gains and losses Wednesday after Congress passed the largest overhaul of the U.S. tax system in three decades.
Bitcoin Price Plunges, Recovers as Bitcoin Offshoot Blasts Off
The launch of Bitcoin Cash sparked cries of insider trading and contributed to the price on the original bitcoin falling about $2,000 in less than hour before recovering.
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Tables Turned: Saudi Arabia Hunts for Oil Assets in the U.S.
Saudi Arabia is hunting for an energy deal in American shale country, as economic upheaval pushes it to seek its first international oil-and-gas production investments.
North Korea Is Suspected in Bitcoin Theft
Investigators in South Korea are looking into North Korea's possible involvement in a heist from a bitcoin exchange that collapsed on Tuesday, according to people familiar with the situation, as the regime develops new ways to circumvent sanctions and raise money.
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.
OCC's Otting to Make Simplifying Bank Rules One of Top Priorities
U.S. Comptroller of the Currency Joseph Otting will make simplifying bank rules one of his top priorities in the coming year, he said in his first press briefing since taking office at the end of November.
China Shapes Economic Blueprint Around 'Xi Jinping Thought'
The first economic blueprint unveiled in President Xi Jinping's second term highlighted a theory bearing Mr. Xi's name and emphasized innovation and "high-quality" growth. There were few signs Beijing will aggressively tackle crippling debt levels.
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.
(END) Dow Jones Newswires
December 20, 2017 17:15 ET (22:15 GMT)