News Highlights: Top Global Markets News of the Day

12/07/17 01:15 PM EST
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.

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.

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

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

U.S. Jobless Claims Fall 

The number of Americans filing applications for new unemployment benefits fell last week, signaling a strong labor market that's continuing to tighten.

Fed Report Says Total Household Net Worth Rise 

The total net worth of U.S. households climbed further into record territory in the third quarter of 2017, reaching $96.939 trillion as stock markets and property prices boosted Americans' wealth.

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.

Value Stocks Over Growth Stocks? Fat Chance 

Lower taxes should be a boon for less-desirable "value" stocks. But a closer look shows why it won't last for long.

U.S. Hospitals, Schools Rush to Raise Tax-Free Funds 

Hospitals, universities and nursing homes across the U.S. are rushing to borrow money tax-free as Congress debates whether to do away with long-held tax exemptions on these bonds beginning Jan. 1.

Oil Edges Up After Stockpiles-Driven Fall 

Oil prices rose Thursday from a three-week low, helped by a reduction in U.S. crude stockpiles.

U.S. Panel Locks in Final Tariffs on Canadian Softwood Lumber 

The U.S. locked in final tariffs on softwood lumber from Canada, ratcheting up economic pressure with a top trading partner and showing the Trump administration's determination to punish what it sees as unfairly traded imports.


(END) Dow Jones Newswires

December 07, 2017 13:15 ET (18:15 GMT)

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