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

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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.

U.S. Stocks Rise to Records

U.S. stocks climbed toward new closing highs Monday, building on the previous week's gains, as investors extended bets on lawmakers pushing through a major tax overhaul.

Tax Plan Strikes at Tech Giants' Foreign Profits

While most U.S. businesses would pay lower taxes under congressional Republicans' proposed tax overhaul, some of the world's richest tech companies might actually see their rates rise.

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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.

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."

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.

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 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.

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.

India's Ruling Party Wins State Election, but Rival Makes Gains

Prime Minister Narendra Modi's Bharatiya Janata Party won a closely watched regional election in his home state of Gujarat, a surprisingly hard-fought victory that should keep the government's economic reforms on track though the party saw some of its core support erode.

(END) Dow Jones Newswires

December 18, 2017 15:15 ET (20:15 GMT)