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U.S. markets news

Dow rises 60 points, hits record high after Senate takes step toward tax reform
Passing a budget unlocks reconciliation, which enables the GOP to pass a tax bill with a simple 51-vote majority in the Senate. Rising expectations of lower corporate taxes have helped stocks rise to record highs recently.
Stocks Set to Open With More Records as Trump Tax Reform Makes Progress
The 10-Point.  Wall Street Journal
Fox Business  
General Electric posts huge third-quarter miss, shares drop as much as 8%
Investors are looking ahead to November when the company is expected to provide more detail about its expectations. The company's stock has declined more than 23 percent this year, as of Thursday's close.
General Electric misses big on earnings, slashes its forecast  Business Insider
GE's Earnings Dumpster Fire Puts Dividend at Risk  Bloomberg
8th child reported killed by recalled Ikea dresser
An eighth child has been killed by an Ikea dresser that was recalled more than a year ago because of its propensity to tip over. Two-year-old Jozef Dudek of California was killed when a three-drawer Ikea dresser tipped over and crushed him during naptime.
Ikea Dresser Reportedly Kills Eighth Child Despite Recall and Repair Offer  Fortune
Ikea dresser, already recalled, reportedly kills 8th child  Fox News
Procter & Gamble's profit climbs, but sales miss
Procter & Gamble Co. said its first-quarter profit rose 5% as the maker of Tide detergent, Pampers diapers and other recognizable brands battles a challenging market for consumer-goods makers.
P&G Struggles to Boost Sales After Winning Its Proxy War  Bloomberg
P&G's lackluster sales growth shows turnaround has yet to take hold  CNBC
What would happen if Amazon brought 50000 workers to your city? Ask Seattle.
People walk next to the Day 1 building at the Amazon headquarters in Seattle. (David Ryder / For The Washington Post). Jonathan O'ConnellWashington Post.
How Amazon Took Seattle's Soul  New York Times
Seattle's growth shows Amazon's HQ2 will be a mixed blessing  The Hill
Senate Will Probably Confirm Trump's Fed Pick, But Not Without Some Drama
The U.S. Senate probably will confirm President Donald Trump's pick to lead the Federal Reserve, but the process won't be free of drama.
Stocks end flat, US Treasury yields fall after Powell report  Reuters
Kevin Warsh: The Wall Street insider who wants to be Fed chief  CNNMoney
US: Laptops in checked bags on airlines pose fire, explosion risk
The U.S. is urging airlines to ban large, personal electronic devices from checked luggage because of the potential for a catastrophic fire.
FAA Proposes Worldwide Laptop Ban For Checked Bags on International Flights  Gizmodo
US wants worldwide ban on laptops in checked bags claiming they pose ...  AOL
Mandalay Bay Tragedy Temporarily Masks Higher Valuation For MGM
Media reports on the tragedy raise issues about Vegas visitation and MGM's vulnerability to cancellations and lawsuits. There were strong results from MGM National Harbor; strip visitation numbers and convention bookings momentum were undisturbed.
Las Vegas Mass Shooting Survivors Sue Hotel and Concert Organizers, Claiming ...
MGM: No plans to rent gunman's room at Mandalay Bay  Las Vegas Sun
United shares sink 12% after CEO admits airline is in a 'competitive hole'
United Airlines shares plunged 12% after CEO Oscar Munoz told investors the company has dug itself into "a little bit of a competitive hole.
United Continental Holdings' (UAL) CEO Oscar Munoz on Q3 2017 Results ...  Seeking Alpha
United tumbles as profit weakness damps faith in turnaround  Crain's Chicago Business
Tesla's Model 3 'production hell' is testing Elon Musk's fix-as-you-go ...
When Elon Musk talks about the future of factory automation at Tesla, he envisions new breeds of robots and smart machines compressed in dense factories with little room for human operators, guided by self-learning software.
Toyota scores highest in Consumer Reports reliability survey  Fox News
Tesla's Model 3 likely to be 'average' in reliability, Consumer ...  MarketWatch