News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

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

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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."

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.

Warren Buffett's Berkshire Hathaway Hits $300,000 a Share

Fifty-five years to the day after Warren Buffett bought his first shares of Berkshire Hathaway Inc., the company he built into a global powerhouse entered the $300,000 club. Membership: one.

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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.

Fed's Kashkari Warns Rate Rises Could Drive Economy Into Recession

Minneapolis Fed President Neel Kashkari warned that bad things may lie ahead for the economy if his colleagues at the U.S. central bank press forward with interest-rate increases.

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

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.

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 Raise GDP, 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.

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.

(END) Dow Jones Newswires

December 18, 2017 16:15 ET (21:15 GMT)