News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Flynn Pleads Guilty to Lying to the FBI

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Mike Flynn, President Trump's former national security adviser, pleaded guilty Friday to lying to the FBI about communications with the Russian ambassador late last year, becoming the senior-most Trump aide to face criminal charges in the sprawling special counsel probe.

U.S. Stocks Slide After Rally

U.S. stocks and government bond yields slid Friday, reversing course after a rally that lifted the Dow Jones Industrial Average to its biggest one-day gain of the year.

GOP Says It Has Enough Votes to Pass Senate Tax Bill

Senate Republican leaders said they were poised to pass their tax bill as soon as today after a flurry of late deal-making won over wavering senators.

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Fed's Bullard Warns More Rate Increases Would Raise Risk of Recession

St. Louis Fed chief warns of a possible inversion of the flattening bond-market yield curve, which often is an indication of impending economic troubles.

Bitcoin Futures Set to Start Trading as Regulator Gives Thumbs Up

The U.S. Commodity Futures Trading Commission said it will allow two major Chicago exchanges, CME Group and Cboe Global Markets, to launch bitcoin futures.

Dudley Suggests Tax Cuts Could Lead Fed to Raise Rates

New York Fed President William Dudley said that he sees a "reasonable case" to raise short-term interest rates next month and that any new fiscal stimulus approved by lawmakers in Washington could shape the central bank's expectations for additional rate increases next year.

Manufacturing Expands at Slower Rate in November

A gauge of U.S. manufacturing activity cooled modestly for the second straight month in November, but the reading still shows a strong factory sector.

Bitcoin Is the World's Hottest Currency, but No One's Using It

As businesses accepting bitcoin payments find few takers, the virtual currency is a long way from its traditional counterparts.

Brazil Growth Slowed Amid Political Upheaval

Brazil's economy slowed to 0.1% growth in the third quarter amid heightened political turmoil, though increases in private consumption and investment suggested that a recovery from the country's longest recession on record is strengthening.

Oil Jumps After OPEC Output Extension

Oil prices rose after the Organization of the Petroleum Exporting Countries and other big producers including Russia agreed to keep limiting their output through the end of 2018.

(END) Dow Jones Newswires

December 01, 2017 13:15 ET (18:15 GMT)