Dow Tops 25000, but Individuals Sit It Out
Continue Reading Below
The Dow Jones Industrial Average closed above 25000 for the first time. Yet throughout the nearly nine-year surge in share prices, individual investors have continued to yank money out of funds that own U.S. stocks.
CFTC Moves to Address Industry Concerns Over Virtual Currencies
The top U.S. derivatives regulator is moving to address financial-industry concerns over its oversight responsibilities for virtual currencies and related futures products.
Trump Administration Proposes Massive Expansion of Oil Drilling
The Trump administration proposed opening up nearly all the country's offshore areas for oil drilling, a move that would touch every coastal state, some that have been off limits to drillers for decades.
Continue Reading Below
Blizzard Conditions Slam East Coast
A severe winter storm hammered the East Coast Thursday, bringing blizzard conditions from Virginia to Maine and flooding parts of downtown Boston and other coastal cities.
Proposal Exempts Small Businesses From ACA Health-Insurance Rules
The Trump administration is proposing changes that would let millions of small businesses and the self-employed buy health-insurance plans that don't comply with all Affordable Care Act requirements, part of an aggressive move to undo the health law through regulatory action.
Bullard Warns Fed Could Send Economy Into Recession
St. Louis Fed President James Bullard warned that U.S. central bankers should be wary that projected short-term interest-rate increases this year could cause a recession.
U.S. Jobless Claims Rose Last Week
The number of Americans filing applications for new unemployment benefits rose last week.
Oil Reaches Three-Year Highs As Stockpiles Drop
Oil prices hit a three-year high, with ongoing protests in major producer Iran adding a geopolitical risk premium to the market.
Fewer Listed Companies: Is That Good or Bad for Stock Markets?
As the Dow Jones Industrial Average broke through 25000 and other stock market indexes continue rising to new highs, the number of publicly traded U.S. companies keeps shrinking.
U.S. Oil Supplies Fall But Fuel Inventories Surge
U.S. inventories of crude oil fell by 7.4 million barrels for the week ended Dec. 29, more than expected, while supplies of gasoline and diesel fuels exploded higher, according to EIA data.
(END) Dow Jones Newswires
January 04, 2018 21:15 ET (02:15 GMT)