News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Iceland's Central Bank Leaves Rates Unchanged as It Upgrades Economic View

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celand's central bank left its key interest rate unchanged, pointing to stronger-than-expected economic activity over the course of 2017.

Federal Reserve Expected to Raise Rates

The Federal Reserve is likely to raise short-term interest rates after its policy meeting concludes Wednesday, the fifth such increase since the Fed began raising rates from near zero two years ago.

In Tax Plan's Fine Print, Banks Find a Problem

As the U.S. Congress attempts to hammer out a final tax plan, Wall Street is fighting to limit the scope of a provision meant to discourage companies from sending money overseas to avoid taxes.

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As Other Markets Stall, Traders Rush Into Bitcoin Boom

Traders weary of modest returns in commodity markets are now rushing into the booming world of bitcoin, seeking to mint money in one of the riskiest assets.

After Bitcoin Futures, an ETF Could Be Next

The debut of bitcoin futures trading this week is rejuvenating efforts to list the first exchange-traded fund linked to the cryptocurrency.

Bitcoin Mania Comes to the Stock Market

Investors are flinging cash at The Crypto Company because bitcoin is going up. At its peak on Monday, Crypto was worth more than a quarter of the companies in the S&P 500.

HFR Launches Cryptocurrency Index as Fund Managers Eye Red-Hot Sector

Chicago-based data group HFR is launching an index of hedge funds that invest in cryptocurrencies, in a sign of how managers are increasingly eyeing these assets as a way of boosting flagging returns.

What Car Insurers Can't Ask You When Setting Your Rates

New York financial regulators have banned the use of education and occupation as factors in setting auto-insurance premiums, pushing back on insurers' efforts to use increasingly personal data in determining rates people pay for their policies.

Bulldozer Dealers to Congress: Don't Tax Us Like Tractor Dealers

Construction-equipment dealers are lobbying lawmakers crafting a final tax bill to keep them out of an exception sought by farm-equipment dealers, underscoring how a tweak for one industry can prove problematic for another.

Economists See Three Fed Rate Rises Next Year, Lower Unemployment

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.

(END) Dow Jones Newswires

December 13, 2017 11:15 ET (16:15 GMT)