Treasury Says GOP Economic Agenda Would Pay for Tax Cuts
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Treasury Department said the Republican economic agenda would generate enough economic growth to pay for the tax cuts being considered by Congress, using growth assumptions exceeding the official congressional estimates.
U.S. Bitcoin Futures Climb in First Day of Trade
Trade in the first bitcoin futures sparked a swift run-up in the price of the digital currency, while the exchange provider's website experienced outages from heavy traffic.
Emerging Markets Barrel Ahead Despite Tightening Fed
Emerging markets, long vulnerable to the whims of central banks in the developed world, now seem to be more Fed-proof than ever, as they are enjoying what some analysts call a "Goldilocks" moment.
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HSBC to Be Released From U.S. Deferred Prosecution Agreement
HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.
J.P. Morgan Chase's Sapphire Reserve Card Gets a New Chief
J.P. Morgan Chase is bringing in a new executive to run one of its hottest products, the Sapphire Reserve credit card, at a time when doubts have surfaced within the bank about its financial prospects.
Small Investors Face Steeper Tax Bill Under Senate Proposal
A little-discussed provision in the Senate tax bill may lead to a higher tax bill for millions of small investors and could cause many to unload stocks before year-end to avoid those costs.
Senate Tax Plan Could Also Hit Digital Wealth Advisers
The Senate's proposed tax change could also hurt digital wealth advisers who rely on algorithms to make investment decisions for investors.
New Face of Treasury Auctions
During the financial crisis, the borrowing needs of the U.S. more than tripled, and foreign investors and Wall Street banks bought most of the debt at government bond auctions. But recent years have seen a shift in who is buying Treasurys.
Adrian Orr to Be New RBNZ Governor
The government announced that the current head of New Zealand's sovereign-wealth fund, Adrian Orr, has been selected to lead the country's central bank.
Why Bitcoin? Why Now?
For most of its nine-year history, bitcoin has been a financial-markets sideshow, sneered at as a plaything of criminals. No longer: 2017 is the year the digital currency stole the spotlight.
(END) Dow Jones Newswires
December 11, 2017 11:15 ET (16:15 GMT)