News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Fed's Williams: Economy Heading Into 2018 With Good Momentum

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Federal Reserve Bank of San Francisco President John Williams said if the economy performs as he expects, the central bank is likely to steadily raise interest rates over the next couple of years.

Norway's Central Bank Could Raise Key Rate Before End-2018

The head of Norway's central bank said it would likely follow in the footsteps of the U.S. Federal Reserve and increase its key interest rate toward the end of 2018, despite muted inflation and a cooling in the Norwegian housing market.

Tax Bill Jolts Municipal-Bond Market

December is typically the sleepiest month in an already sedate municipal-bond world. But this year the prospect of a new tax bill roused the market to records.

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Get Ready for Next Year's Big Tax Stimulus

There were several surprises for investors when Republicans unveiled their final tax bill Friday, but the most significant is that they add up to a bigger boost to economic growth next year.

This One Weird Tax Trick Could Shrink the Trade Deficit

The tax bill expected to pass Congress could accomplish President Trump's goal of reducing the U.S. trade deficit, not by increasing productivity or changing other countries' trade practices, but by curbing the incentive for multinational companies to shift profits abroad.

Investors Shell Out $700 Million for Coins With 'No Purpose'

One of the hottest cryptocurrency investments of 2017 comes from a software startup that doesn't plan to sell any software and describes what it is selling-something called a digital token-as having "no purpose."

Exchange Giant CME Launches Bitcoin Futures

CME Group, the world's largest exchange company, launched bitcoin futures on Sunday, seeking to capitalize on the mania for the booming digital currency.

U.S. Insurers Win 'Bermuda Loophole' Fight

Big U.S. property-casualty insurers succeeded in closing what they say is a loophole permitting rivals to rack up profits and move jobs to Bermuda and other low-tax locales, according to lobbyists for both sides.

Anonymous Email to Visa CEO Led to Top Executive's Firing

This fall, Visa CEO Alfred Kelly received a troubling, anonymous email: Jim McCarthy, one of his most senior executives, had been involved in romantic relationships with women at the card giant.

Deutsche Bank Was Asked for Information on Transactions Potentially Linked to Michael Flynn

Deutsche Bank has been asked by U.S. government authorities to hand over information about transactions that could be linked to former national security adviser Michael Flynn or entities connected to him, according to people familiar with the matter.

(END) Dow Jones Newswires

December 18, 2017 11:15 ET (16:15 GMT)