U.S. Stocks Set Fresh Records; Nasdaq Crosses 7000 Intraday
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U.S. stocks climbed to fresh records Monday, pushing the Nasdaq Composite above 7000 for the first time in intraday trading, as investors extended bets on lawmakers pushing through a major tax overhaul.
GOP Gets a Key 'Yes' Vote for Its Tax Bill
Republican leaders planning to put their tax package to a vote in coming days got a boost late Monday when Sen. Susan Collins of Maine, who had yet to commit to backing the proposal, said she would be a "yes."
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.
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Bitcoin Futures Prices Fall in CME Debut
CME Group's new bitcoin futures fell on their first day of trading, as the Chicago-based exchange giant pushed forward into the rapidly expanding market for cryptocurrency derivatives.
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.
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.
Activist Investors' Role Needs More Transparency, SEC Nominee Says
Robert Jackson, a Democratic nominee to join the Securities and Exchange Commission, called for the Wall Street regulator to wade more aggressively into the fights between activist shareholders and the companies they target.
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 Reverses Gains as Nigeria Strike Is Called Off
Oil prices settled lower, reversing gains after a potential oil worker strike in Nigeria was called off, easing supply concerns.
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.
(END) Dow Jones Newswires
December 18, 2017 21:15 ET (02:15 GMT)