News Highlights: Top Global Markets News of the Day

12/07/17 07:15 PM EST
Congress Passes Spending Bill to Avoid Government Shutdown 

The House and Senate passed a two-week stopgap spending bill, deferring until later in the month a bigger fight over what issues should be resolved before Congress adjourns for the year.

Bitcoin's Wildest Ride: Up 40% in 40 Hours 

Bitcoin mania reached new highs as the price of the digital currency jumped about 40% in about 40 hours, smashing through five separate $1,000-barriers and surging past the $16,000 mark.

Fed Plans to Disclose More About Big-Bank Stress Tests 

The Federal Reserve proposed disclosing more about its big-bank stress tests, in response to criticism from bankers who have said the exams' results are hard to understand.

U.K., European Union Move Closer on Divorce Terms 

The U.K. government and the European Union appeared close to a breakthrough on Brexit divorce terms on Thursday night, with EU officials saying British Prime Minister Theresa May could come to Brussels as early as Friday morning.

U.S. Stocks Climb as Boeing, Industrial Shares Rise 

Rising shares of Boeing and other industrial companies pushed major indexes higher Thursday.

Wall Street Banks Hit Pause Button on Bitcoin 

As investors rush into bitcoin, some big Wall Street banks are hitting the brakes ahead of the launch of the first bitcoin futures market, which is set to go live on Sunday.

5 Things to Watch in the November Jobs Report 

November's jobs report should provide a clearer look at the labor market's health following two hurricane-influenced months.

U.S. Consumer Credit Increased by $20.52 Billion in October 

Outstanding consumer credit rose by $20.52 billion in October from the prior month, climbing at a 6.51% seasonally adjusted annual rate, the Federal Reserve reported.

Global Bank Battle Over Basel III Finally Concludes 

Global finance officials on Thursday agreed on long-awaited banking rules that reach a compromise between opposing European and U.S. views about how to measure the riskiness of lenders.

World's Largest Money-Market Fund Caps Daily Investment 

The world's largest money-market fund is limiting the daily amount individuals can invest in it, taking further steps to slow inflows after Chinese regulators raised concerns about its rapid growth.


(END) Dow Jones Newswires

December 07, 2017 19:15 ET (00:15 GMT)

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