News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Washington Tumult Jolts Stocks, Sends Dollar Lower

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Turbulence in Washington jolted markets out of an extended period of calm. Stocks, the U.S. dollar and government bond yields fell as investors pulled back from bets on the swift passage of the Trump administration's agenda.

How the Dollar Rally Unraveled

The U.S. dollar is set to erase the postelection rally that sent the currency to its highest level since 2002, one of the clearest signs that investors have lost faith in the so-called Trump trade. Here's a look at the evolution of the dollar's reversal.

U.S. Household Debts Hit Record High in First Quarter

The total debt held by American households reached a record high in early 2017, exceeding its 2008 peak after years of retrenchment in the face of financial crisis, recession and modest economic growth.

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New Threats Fuel Fears of Another Global Cyberattack

Days after WannaCry ransomware swept the globe, a new computer attack hit thousands of machines world-wide and a hacking group said it would release a fresh trove of stolen attack software.

Trump Trade Reboot Spurs U.S. Push by China Investment Corp

China's massive sovereign-wealth fund aims to significantly increase its direct investments in the U.S. in the next few years, the fund's president said in an interview.

Fed's Kashkari: Boosting Bank Capital Key to Combating Bubbles

Minneapolis Fed President Neel Kashkari said taking steps to make the financial sector more resilient is perhaps the best way to deal with the ever present and hard-to-detect threat of asset price bubbles.

Oil Prices Gain as U.S. Stockpiles Continue to Fall

Crude oil prices edged higher after U.S. data showed that stockpiles of oil and fuel continued to drop and oil production fell for the first time since February.

Wall Street Regulator Says Giving Brokers Report Cards Leads to Drop in Fraud Patterns

Wall Street is cracking down on a common, manipulative trading technique after its self-regulatory organization began grading brokers on how much bad behavior flows through their systems.

Trump Asked Comey to Drop Flynn Investigation, According to Memo

The president told James Comey that he hoped the director could find a way to drop the FBI's probe of former National Security Adviser Michael Flynn, according to people who saw a memo written by Mr. Comey that documented his encounter with Mr. Trump.

FCC's Internet-Rules Revamp Likely to Bring Big Changes Online

U.S. regulators are set to move forward Thursday with a plan that would blow up the rules that have governed the internet in recent years and essentially start anew, opening the door to fundamental shifts in consumers' online experiences.

(END) Dow Jones Newswires

May 17, 2017 15:15 ET (19:15 GMT)