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Sun Journal in New Bern, North Carolina

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Sun Journal

Location

New Bern, North Carolina, United States of America

Date

Dec 23, 2017

Page

9

Global Markets Mixed As North American Home Sales Rally

Nike slips after solid quarter despite strength in other areas. U.S. new home sales jump 17.5 percent in November to a seasonally adjusted annual rate of 733,000, the fastest pace in over 25 years, with supply shortages persisting. Bitcoin tumbles sharply then recovers. Coinbase halts trading briefly as experts warn of a bubble. Wu Xiangyang sentenced in Guangxi for illegal revenue and unlicensed VPN operation. First Data reports 9.2 percent holiday spending rise through early December driven by online and in-store payments across 1.3 million merchants.

Commerce Department Asia Coinbase CoinDesk Beijing Wu Xiangyang Guangxi Procuratorate Daily First Data

Expanded child tax credit may not be as generous as it seems

The GOP tax overhaul doubles the child credit to $2,000 and raises phaseout thresholds to $200,000 for single filers and $400,000 for married couples, with up to $1,400 refundable. Experts warn lower-income families gain little due to refund rules, while many gains expire in 2026 and new SSN requirements limit eligibility.

Tax Policy Center Rubio Senate Chye-Ching Huang CBPP Huang

Health care and bank stocks pull indexes lower

New York stocks closed modestly down as health care and financial shares weighed. The Dow slipped 28.23 points to 24,754.06 while the S P 500 eased to 2,683.34 and the Nasdaq fell to 6,959.96 amid mixed results and bitcoin volatility. Nike also declined as North American sales lagged.

New York Donald Trump CoinDesk Standard & Poor Nike Wall Street North American Fed DOW Trans S&p Wilshire Russell Atat Inc FCNCA Freds Inc Praent HP Inc Harley Davidson Technologies Home Depot U.S Sas Chase & Co i

Also Mentioned on This Page

Nike Inc North America China The Associated Press Dow SAP NYSE Commodities Review Sarah Skidmore Sell Congress Marco Rubio House Seattle ED S. Warren Money & Markets Foreign Exchange Argent Australia New Britain Chile Ican Rep Hong Kong India Japan Mexico N.zealand Norway Russia Singapore Africa Korea Sweden Switzerland Taiwan
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