News Highlights: Top Global Markets News of the Day
Saudi Arabia Clamps Down as Prince Consolidates Power
Saudi Arabia is stamping out traces of internal dissent in a far-reaching campaign targeting influential clerics, liberal thinkers and even princes as Crown Prince Mohammed bin Salman moves to consolidate power ahead of his expected accession to the throne.
Venezuela Stops Accepting Dollars for Oil Payments Following U.S. Sanctions
Oil-rich country, looking for ways to circumvent U.S. sanctions, is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy have told The Wall Street Journal.
SEC Chairman Says Midwest Could Use More VCs
Memo to venture capitalists: the Securities and Exchange Commission wants to know why you don't have an Indianapolis branch office.
U.S. Had $108 Billion Budget Deficit in August, Treasury Says
The U.S. government ran a $108 billion budget deficit in August ahead of a late September deadline for Congress to raise the federal borrowing limit and authorize new spending to keep the government open.
There's Never Been a Hotter Time to Freeze Your Credit
Until the Equifax data breach, many consumers didn't know what a credit freeze was. Now, people are discovering the tool in a move that could have unintended effects for consumers and the financial industry.
U.S. Stocks Close at Records for Second Straight Day
The Dow Jones Industrial Average notched its 37th record of the year, boosted by shares of energy companies. The blue-chip index added 0.2%.
GOP to Release Tax Overhaul as Trump Says Rich Won't Benefit
Republicans plan to show more details about their tax plans during the week of Sept. 25, as they prepare for a legislative sprint toward one of their top priorities.
Emerging Markets Are Rallying, and It's Mostly About the Dollar
The U.S. dollar's nose dive is fueling a rally in emerging-market assets.
EU to Champion Free Trade in Wake of Trump's 'America First'
The European Union's top executive called for the bloc to expand its economic links from Asia Pacific to Latin America, highlighting its ambition to champion free trade in light of President Donald Trump's "America First" policies.
Canadian Exchange Weighs Risks in Trading U.S. Marijuana Stocks
The parent company of the Toronto Stock Exchange is working with Canada's provincial and territorial securities regulators to examine whether trading in shares of marijuana companies with U.S. operations is lawful.