Today's Top Story
Bitcoin slips to around $16,300, futures volumes drop
SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. Read More
Trump's push to cut federal jobs has modest impact, mostly in defense
WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.
European property giant makes $16 billion bet on U.S. shopping malls
SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp
for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.
Dow set for higher open, Fed meeting in focus
(Reuters) - The Dow Jones Industrial Average was set to open higher on Tuesday on gains from oil-related stocks and Boeing, while the S&P 500 and the Nasdaq futures pointed to a flat opening ahead of the Federal Reserve's policy meeting.
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U.S. producer prices rise strongly, point to firming inflation
WASHINGTON (Reuters) - U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.
Oil hits two-year-and-a-half year high on pipeline shutdown, stocks take breather
LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.
Dollar holds breath before Fed meeting; sterling, krone rise
LONDON (Reuters) - The dollar drifted in narrow ranges on Tuesday after strong recent gains as the U.S. Federal Reserve geared up for a two-day policy meeting at which it is widely expected to raise interest rates for the fifth time since late 2015.
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The write stuff: Life lessons from author James Patterson
NEW YORK (Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)
AIG launches new cyber threat analysis to gauge companies' risks
(Reuters) - American International Group Inc
has ramped up its analysis for insuring against cyber attacks, using a system that scores a company's risk of having a breach along with safeguards it has in place, the insurer said on Tuesday.
Vanguard looks to blockchain for index data
BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new financial technology.
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