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.
Tech Companies Weigh Down Some Asia-Pacific Markets
Most Asia-Pacific stocks started higher as changes to the tax code in the U.S. inched closer to completion, though Japan and Korean indexes gave up early gains.
RBA Sees Significant Risk Around Consumer Spending
Australia's economy is growing at a faster clip, bringing new jobs with it, but serious concerns remain about how consumers will stand up in 2018 given anemic wages growth and soaring debt, the RBA said.
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U.S. Stocks Set Fresh Records; Nasdaq Crosses 7000 Intraday
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."
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."
(END) Dow Jones Newswires
December 19, 2017 03:15 ET (08:15 GMT)