News Highlights: Top Global Markets News of the Day

12/07/17 03:15 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.

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.

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

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

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.

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.

Ireland Forces U.K. to Confront Brutal Brexit Trade-Offs 

This week's row over the Irish border marks a significant moment in the progress of Brexit: It is the first time since the referendum that the British political system has been forced to confront a genuine trade-off.

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.

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.

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.


(END) Dow Jones Newswires

December 07, 2017 15:15 ET (20:15 GMT)

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