Fed Raises Rates, Sticks to Forecast for 2018 Increases
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The Federal Reserve said it would raise short-term interest rates for the third time this year and remained on track to chart a similar path next year, signaling continuity as the central bank enters a leadership reshuffle.
Nearly 5 Million Americans in Default on Student Loans
The number of Americans severely behind on payments on federal student loans reached 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth.
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.
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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.
Bitcoin Made This Man (Briefly) One of the Richest People in America
The stock of an obscure pink-sheet company attempting to make money out of cryptocurrencies skyrocketed earlier this month, making CEO Michael Poutre a paper multibillionaire-before it plunged by three-quarters.
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.
China's HNA Group Seeks to Reassure Lenders, Investors
Chinese conglomerate HNA Group is working to persuade lenders and investors that it is financially sound following sharp declines in the prices of bonds and shares of some of its units.
What Car Insurers Can't Ask You When Setting Your Rates
New York regulators banned the use of education and occupation as factors in setting auto-insurance premiums, pushing back on insurers' efforts to use personal data in determining policy rates.
Bitcoin: Electrifying Investment, Lousy Currency
It's too soon to know whether bitcoin is a bubble ready to burst, but not too soon to conclude that it has failed in its mission to be a viable alternative to sovereign currencies like the dollar, Greg Ip writes.
(END) Dow Jones Newswires
December 13, 2017 16:15 ET (21:15 GMT)