News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Economists See Three Fed Rate Rises Next Year, Lower Unemployment

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Private economists expect the Federal Reserve to raise interest rates after its meeting Wednesday and then lift them three times in 2018 and twice in 2019, amid a strengthening economy and a falling unemployment rate.

U.S. Stocks Buoyed by Gains in Telecoms and Financials

The Dow Jones Industrial Average and the S&P 500 clinched new records Tuesday, buoyed by shares of banks and other financial firms.

Vibrant Holiday Sales Spur Late-Season Surge in Imports

Stronger-than-expected holiday sales have spurred a late-season surge in imports, as retailers restock their warehouses to keep up with e-commerce demand.

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Oil Prices Pull Back After Supply-Driven Rally

Oil prices declined Tuesday after a rally off the shutdown of a key European pipeline prompted investors to take profits.

A Faster Pace of Fed Rate Increases Could Rattle Markets

Investors have greeted the Federal Reserve's string of interest rate increases with some of the most docile market conditions in years, a sign that they could be in for a shock if the central bank decides to ramp up the pace of rate rises next year.

20% vs. 22%: The Tension Over Two Points in the Corporate Tax Rate

As House and Senate lawmakers continue hashing out differences between their tax-overhaul bills, some are pushing a less-drastic cut in the corporate tax rate to find money for a variety of interests.

New York Regulator's Fintech-Charter Lawsuit Dismissed

A federal judge in Manhattan has dismissed a state regulator's lawsuit challenging the Office of the Comptroller of the Currency's federal-fintech-charter effort, finding that legal challenges to the initiative were premature.

The Force Behind Bitcoin's Meteoric Rise: Millions of Asian Investors

Unlike past financial frenzies such as the dot-com bubble of the late 1990s, individual investors have been first to the party, fueling bitcoin's 1,600% rise this year.

Government Cleans House at Audit Regulator

Five new board members were appointed to oversee the Public Company Accounting Oversight Board, a regulator of auditors who examine the books of publicly traded companies.

Blast at Austrian Import Hub Chokes European Natural Gas Supply

An explosion at Austria's largest import hub for natural gas left one dead, a state of emergency in Italy and the highest gas prices in 3 years in the U.K. just as the cold winter months set in.

(END) Dow Jones Newswires

December 12, 2017 19:15 ET (00:15 GMT)