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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.

U.S. Stocks Edge Lower

U.S. stocks inched lower for the second consecutive day 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 an 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 here on Tuesday, according to people familiar with the situation, as the sanctions-choked regime develops new ways to 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.

New Zealand's Economy Gets Boost From Construction Recovery

New Zealand's agriculture-rich economy grew solidly in the third quarter, supported by a rebound in construction activity.

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.

Wells Fargo, Other Banks Plan to Share Tax Windfall With Employees

Bank profits are expected to get a huge boost from the tax bill that cleared Congress Wednesday, and a handful of lenders plan to use some of the proceeds to increase employee wages.

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.

(END) Dow Jones Newswires

December 20, 2017 19:15 ET (00:15 GMT)