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Fed Leaves Rates Unchanged; Likely to Act Soon on Portfolio Cuts

The Federal Reserve signaled it could launch its plan to slowly shrink its large bond portfolio after officials’ next meeting in September and held short-term interest rates steady. Click for Full Story: https://www.wsj.com/articles/fed-leaves-rates-unchanged-likely-to-act-soon-on-portfolio-cuts-1501092139?mod=pls_whats_news_us_business_f

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Chipotle Gets Subpoena After Virginia Norovirus Outbreak

Chipotle Mexican Grill Inc. said it received a subpoena related to a recent norovirus outbreak in a Virginia location, an indication that a federal criminal investigation into the chain’s food safety problems is widening. Click for Full Story: https://www.wsj.com/articles/chipotle-gets-subpoena-after-virginia-norovirus-outbreak-1501090560?mod=pls_whats_news_us_business_f

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Norfolk Southern Says It’s Winning Customers From CSX

Norfolk Southern says it is starting to win over customers to its railway amid disruptions at rival CSX, whose network is undergoing an extensive overhaul under a new chief executive. Click for Full Story: https://www.wsj.com/articles/norfolk-southern-says-its-winning-customers-from-csx-1501083819?mod=pls_whats_news_us_business_f

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Mnuchin Says Treasury’s Effort to Conserve Cash Is Costing Taxpayers

Treasury Secretary Steven Mnuchin said his agency’s efforts to conserve cash until Congress raises the federal borrowing limit impose a ‘significant’ cost on taxpayers. Click for Full Story: https://www.wsj.com/articles/mnuchin-says-treasurys-effort-to-conserve-cash-is-costing-taxpayers-1501081957?mod=pls_whats_news_us_business_f

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Trump Eyes Tax-Code Overhaul, With Emphasis on Middle-Class Break

President Donald Trump is signaling his next priority: overhauling the tax code to push corporate rates down and give middle-class taxpayers a break, even if it means some of the wealthiest pay more. Click for Full Story: https://www.wsj.com/articles/trump-eyes-tax-code-overhaul-with-emphasis-on-middle-class-break-1501027057?mod=pls_whats_news_us_business_f

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