U.S. Stocks Hit New Records
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U.S. stocks jumped to fresh records Monday, building on the previous week's rally, as investors extended bets on lawmakers pushing through a historic tax overhaul.
Fed's Kashkari Says It's a Mistake to Raise Rates With Inflation So Low
Minneapolis Fed President Neel Kashkari said his vote against the U.S. central bank's rate rise last week was again driven by his belief that weak inflation argues against any need to boost the cost of borrowing.
Oil Prices Gain After U.S. Rig Decline
Oil prices rose Monday morning following an unexpected fall in the number of U.S. rigs drilling for crude.
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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."
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.
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.
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.
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.
Government Shifts Gears on Fannie Mae, Freddie Mac
Lawmakers in both parties and the Trump administration are negotiating overhauls of the two companies that could keep them at the center of the U.S. mortgage market for years to come, abandoning long-stalled proposals to wind them down.
GOP Tax Bill Would Set Up Years of Challenges
The GOP's historic tax overhaul might usher in a new period of instability in the tax code, because the plan is advancing without bipartisan support and with expiration dates that guarantee it will be revisited for years.
(END) Dow Jones Newswires
December 18, 2017 11:15 ET (16:15 GMT)