Home Prices Jump in October
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Home prices continued to rise in October marking more than 12 consecutive months of growth. The S&P CoreLogic Case-Shiller National Home Price Index, which measures prices for typical single family homes across the country, rose 6.2% in the 12 months ended in October.
U.S. Stocks Little Changed
U.S. stocks wobbled in their first day of trading since the Christmas holiday.
Richmond Fed Says Manufacturing Activity Slowed In December
The Federal Reserve Bank of Richmond said Tuesday that an index tracking manufacturing activity at factories across the central Atlantic states decreased in December as shipments and new orders slowed.
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Can Central Banks Keep Control of Interest Rates?
Investors are elated by a booming global economy and the promise of central banks to tighten monetary policy only gradually. But a question haunts them: Will interest rates develop a mind of their own?
Tax Law Could Slow Down a Bank Favorite: Jumbo Mortgages
The tax-code overhaul eliminates some of the benefits of homeownership, particularly for high-end homes. And the borrowers who buy those homes are exactly whom banks have been targeting.
Investors Diving Into Risky Bank Bonds
Cocos are hot again. The junior bonds that are designed to help shore-up banks during a crisis are ending 2017 with yields near record lows but they can become risky in sudden and unexpected ways.
Bank of Mexico Sells Additional Dollar Hedges to Support Peso
The Bank of Mexico auctioned $500 million in dollar hedging contracts, expanding its existing program from the current $5 billion in response to recent volatility that had sent the peso to a nine-month low against the U.S. dollar.
Exempting Small Banks From Volcker Rule Is Popular, but Not With Their Regulator
A Senate proposal to exempt thousands of small U.S. banks from the Volcker rule restrictions on speculative trading is winning broad support-except from the regulator that oversees most of those banks.
Oil Holds Steady as Traders Monitor Pipeline Outage
Oil prices hovered below a two-and-a-half-year high, with Brent underpinned by the continuing pipeline outage in the North Sea.
Retailers Feel Shoppers' Christmas Cheer
Shoppers of all income levels spent more this holiday season, prompting some Yuletide joy among retailers that struggled through a difficult year.
(END) Dow Jones Newswires
December 26, 2017 11:15 ET (16:15 GMT)