News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Rubio Throws a Wrench Into GOP Tax Bill

Continue Reading Below

Sen. Marco Rubio threw a late wrinkle into the GOP's attempt to complete a tax bill, saying he will vote against it unless the final measure further expands the child tax credit for low-income households.

U.S. Stocks Slip as GOP Tax Overhaul Hits Late Obstacle

Stocks edged lower Thursday, as Republicans tried to keep their tax overhaul on track.

FCC Approves Rollback of Net Neutrality

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.

Continue Reading Below

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.

Americans Are Spending More Than Expected as Holiday Season Heats Up

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.

Regulators See Cybersecurity as Top Financial Industry Risk

Cybersecurity remains the top risk to financial sector stability, U.S. policy makers said Thursday in the first Financial Stability Oversight Council risk report under the Trump administration.

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.

Bank of Canada Head Likens Bitcoin Mania to 'Gambling'

Bank of Canada Gov. Stephen Poloz said Thursday that bitcoin's ascent has all "the ingredients of something that could be a significant disturbance" to the financial system.

(END) Dow Jones Newswires

December 14, 2017 17:15 ET (22:15 GMT)