News Highlights: Top Global Markets News of the Day
Traders Want to Know What Exchanges Earn From Market Data
Some of Wall Street's biggest banks, asset managers and high-speed trading firms have united in a battle over a shared adversary: stock exchanges and the profit they earn from selling market data.
Trump Says U.S. Recognizes Jerusalem as Israel's Capital
President Donald Trump officially recognized Jerusalem as the capital of Israel on behalf of the U.S. on Wednesday and directed the State Department to begin moving the American Embassy to the holy city, in a White House speech that threatened to spark protest across the Middle East.
Bitcoin Tops $13,000 Hours After Passing $12,000
The price of bitcoin crossed $13,000 on Wednesday afternoon, the latest milestone in the cryptocurrency's massive rise.
U.S. Stocks Little Changed as Global Rally Stalls
In a listless day of trading for U.S. stocks, the S&P 500 wavered between slight gains and losses before narrowly notching its longest losing streak since March.
U.S. Productivity Rebounds, Though Wages Lag
U.S. worker productivity rebounded in the third quarter while hourly wages rose moderately, further signs the economy is strengthening.
Brazil's Central Bank Cuts Benchmark Rate to Record Low 7%
Brazil's central bank cut its benchmark interest rate to a record low as subdued inflation allowed policy makers to focus on shoring up the economy after an unexpected slowdown in the third quarter.
Bank of Canada Stands Pat, but Signals Higher Rates Ahead
The Bank of Canada kept its policy rate unchanged at 1% Wednesday, but signaled rate increases eventually would be required as economic conditions continue to improve.
U.S. Health Spending Rose at a Slower Pace in 2016
The pace of U.S. health-care spending grew in 2016 at a slower tempo than in previous years, in part because coverage gains under the Affordable Care Act that had propelled the faster rate leveled off.
House Republicans Seek to Link Debt Ceiling Increase to Spending Bill
A group of House Republicans is considering pushing to raise the government's borrowing limit as part of the next long-term spending bill, a move that could help dispatch one of the thorniest issues for GOP lawmakers before next year's primary elections intensify.
Mexico's Auto Production and Exports Having a Record Year
Mexico's production and exports of light vehicles this year through November have already surpassed the record levels set in 2016 as demand increases from the U.S. and Canada, auto industry officials said Wednesday.