Daily Investor Update: Wall Street edges lower, pauses as tax bill clears Congress

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Wednesday, December 20, 2017

Wall Street edges lower, pauses as tax bill clears Congress

NEW YORK (Reuters) - Wall Street's main indexes dipped on Wednesday, pausing after recent record highs as both houses of Congress approved a long-anticipated tax overhaul.

United Auto Workers head says U.S. training center probe is limited

DETROIT (Reuters) - The United Auto Workers is cooperating with a government investigation into allegations of embezzlement by union officials at training centers funded by U.S. automakers, the union's president said on Wednesday.

U.S. House gives final approval to tax bill, delivers victory to Trump

WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion tax bill to President Donald Trump for his signature.

Chipotle restaurant under investigation after illness scare: Report

(Reuters) - Shares of Chipotle Mexican Grill Inc fell as much as 3.3 percent after a report that public health officials are investigating a possible illness outbreak in one of the company's restaurant in Los Angeles.

AT&T says to pay bonuses, invest $1 billion once tax reform signed

NEW YORK (Reuters) - AT&T Inc said on Wednesday it will pay $1,000 bonuses to more than 200,000 employees and invest an additional $1 billion in the United States in 2018 once a tax reform bill approved by Congress is signed into law.

U.S. home sales hit 11-year high, supply still tight

WASHINGTON (Reuters) - U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.

U.S. aims to keep steep duties on Bombardier jets after Boeing complaint

WASHINGTON (Reuters) - The U.S. Commerce Department on Wednesday finalized steep anti-subsidy duties on Bombardier Inc's CSeries jets, setting up the next round of a fierce international trade dispute between the United States and Canada.

Atlanta airport power outage cost Delta Air Lines up to $50 million

NEW YORK (Reuters) - The 11-hour system outage at Atlanta's Hartsfield-Jackson, the world's busiest airport, cost Delta Air Lines up to $50 million, a Delta spokesman confirmed on Wednesday, and the carrier said it plans to seek compensation for its losses.

White House expects Congress to waive spending cuts triggered by tax overhaul

WASHINGTON (Reuters) - The White House expects the U.S. Congress to soon waive a rule known as "Paygo" that could trigger deep spending cuts in areas such as Medicare and agriculture in order to cover the costs of the recently passed tax overhaul, a White House official said on Wednesday.

Uber dealt blow after EU court classifies it as transport service

LUXEMBOURG (Reuters) - Uber Technologies Inc [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union's top court said in a landmark ruling on Wednesday that could impact other online businesses in Europe.

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