News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

SEC Chairman Warns Investors Against Bitcoin

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Wall Street's top regulator on Monday raised alarms about the money flooding into bitcoin trading and other cryptocurrency markets, warning the red-hot corner of less-regulated finance is burning with risk for retail investors.

Forties Pipeline System Carrying Brent Crude to Be Shut for Weeks

One of Europe's most important oil pipeline systems will be shut down for a "matter of weeks," said owner Ineos, sending a jolt into international oil prices as traders contemplated the loss of some North Sea oil supplies.

Oil Prices Rise on Pipeline Shutdown News

Oil prices rose and the global benchmark hit its highest level since 2015 Monday after the owner of a major European pipeline said it is shutting the system down for a period of weeks.

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Global Markets Pull Back, Weighed by Tech

Asian stocks pulled back Tuesday after broad gains on Monday as tech stocks weakened again and oil prices jumped.

U.S. Stocks Rise

Rising technology and energy shares pushed the S&P 500 higher Monday ahead of a series of central bank meetings around the world this week.

Botched Suicide Bombing Jolts New York, Injures 4

A 27-year-old immigrant from Bangladesh tried to set off a homemade pipe bomb strapped to his body as he blended into rush-hour commuters in one of New York City's busiest transit hubs. But the explosive fizzled, burning him instead and slightly injuring three others.

Treasury Says GOP Economic Agenda Would Pay for Tax Cuts

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. Tax Plan Draws Ire Abroad, Prompts Calls for Cuts in Response

The Trump administration's planned overhaul of U.S. corporate tax law came under attack Monday from finance ministers of Europe's five largest economies, voicing the growing anxiety among foreign executives and officials that the proposals would give American firms unfair tax advantages.

A Late 2017 Tax Plan Could Spell Trouble for Your 2018 Paycheck

The largest payroll group in America is raising a big concern about the new tax plan: There simply isn't enough time to figure out withholding for 2018.

As the Fed Deliberates, Amazon Is Making Its Job More Difficult

Web-driven comparison shoppers are keeping a lid on inflation and weakening retailers' pricing power, complicating the Federal Reserve's deliberations on how much and how fast to raise interest rates.

(END) Dow Jones Newswires

December 12, 2017 03:15 ET (08:15 GMT)