Fed Should Consider Its Own Digital Currency, Prominent Academics Say
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The time is nearly right for the U.S. central bank to launch its own version of a digital currency, according to two well-known economists.
SEC Approves New York Stock Exchange 'Speed Bump' Trade Delay
U.S. regulators have given the New York Stock Exchange a green light to introduce a "speed bump" to one of its markets, a plan widely seen as an attempt to undermine upstart rival IEX Group Inc.
Senate GOP Gets Ready to Shape Tax Policy
GOP senators are gearing up to shape negotiations over competing ideas from the House and administration and put their own stamp on U.S. tax policy.
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Quadruple-Levered ETF? SEC Hits Pause on Its Approval of an Exotic Investment
The Securities and Exchange Commission will reconsider its initial approval of a risky, first-of-its-kind exchange-traded fund that promises four times the daily price moves of S&P 500 futures contracts, according to people familiar with the matter.
Bank of Japan Chief: Unwinding Stimulus Won't Bring Turmoil
Bank of Japan Gov. Haruhiko Kuroda defended the drastically expanded monetary stimulus he has overseen, saying it is working to stimulate inflation and will not cause problems for his successor.
Japan's Abe: China Has Pivotal Role to Play on North Korea
Japanese Prime Minister Shinzo Abe called for further efforts from China to tackle the rising threat from North Korea after its latest missile launch.
Nasdaq Composite Hits Another Record
The Nasdaq Composite rose 0.3%, notching its 33rd record close of the year, as the Dow Jones Industrial Average and the S&P 500 edged slightly lower.
Oil Prices Slip on Fears of Lingering Oversupply
Oil prices flipped to small losses Tuesday with concerns about strong imports to the U.S. erasing earlier gains tied to optimism about extended production cuts from the world's biggest exporters.
U.S. Industrial Production Surged in April
U.S. industrial production rose sharply in April, a sign of underlying strength in the economy.
U.S. Housing Starts Fell in April for Third Time in Four Months
U.S. new-home construction in April declined modestly for the third time in four months, a trend that is likely to worsen supply shortages and push prices higher at a time of swelling demand.
(END) Dow Jones Newswires
May 16, 2017 21:15 ET (01:15 GMT)