News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

FCC Approves Rollback of Net Neutrality

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The Federal Communications Commission on Thursday rolled back far-reaching rules governing how internet-service providers treat traffic on their networks, a move that is likely to empower cable and wireless providers and transform consumers' online experience.

U.S. Stocks Slip Despite Gains in Media Companies

U.S. stocks slipped, as declines in health-care stocks offset gains in shares of Walt Disney and other media companies.

Mexico's Central Bank Raises Rates as Inflation Concerns Mount

The Bank of Mexico raised interest rates by a quarter percentage point after a six-month pause, as policy makers have grown increasingly worried about high inflation.

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Bank of Canada's Poloz Defends Risk-Management Approach to Policy

Bank of Canada Governor Stephen Poloz said he is willing to keep rate policy "quite stimulative" and let upside inflation risks build until there is evidence spare labor capacity has evaporated and economic uncertainties have faded.

Americans Spending More as the Holiday Season Continues

Americans are spending more this holiday season than analysts expected, fueled by income gains, confidence in the economic outlook, buoyant financial markets and modest inflation.

The Fed Isn't the Tax Cut's Enemy

Comments by Federal Reserve officials suggest they aren't standing in the way of any boost that the Republicans' $1.4 trillion tax cut delivers.

U.S. Jobless Claims Fell Last Week

The number of Americans filing new applications for unemployment benefits fell last week, a sign the tight labor market is making firms reluctant to dismiss workers.

Fed Should Improve Orientation for New Governors, Report Finds

The Federal Reserve could do a better job at showing the ropes to new members of its board of governors, the central bank's Office of Inspector General said.

World Oil Supply Hits Year High, Boosted by U.S. Shale Surge

Shale producers are roaring back to life, pushing the global oil supply to its highest level in a year and undermining OPEC's efforts to rebalance the market, the International Energy Agency said.

Oil Prices Wavering Prices Thursday

Oil prices wavered between gains and losses on Thursday, as traders weighed higher oil output against a major pipeline outage.

(END) Dow Jones Newswires

December 14, 2017 15:15 ET (20:15 GMT)