Breaking business news: Dow ends above 25,000; Wall St extends new year's rally

Click to View in Browser Thursday, January 4, 2018 Dow ends above 25,000; Wall St extends new year's rally NEW YORK (Reuters) - The Dow industrials broke above the 25,000 level for the first time on Thursday and other major indexes hit closing record highs again, propelled by strong global economic data that extended the new year's rally for the stock market. Sears Holdings to close 103 Kmart and Sears stores CHICAGO (Reuters) - Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses. Intel shares fall as investors worry about costs of chip flaw (Reuters. - Intel Corp shares fell nearly 2 percent on Thursday as investors worried about the potential financial liability and reputational hit from recently disclosed security flaws in its widely used microprocessors. Tesla Model 3 delay raises cashflow risks, but analysts upbeat (Reuters) - Tesla Inc shares recouped some of their losses on Thursday after falling as much as 3.6 percent, a day after it pushed back a production target for its much-anticipated Model 3 sedan yet again. Federal Reserve seeks to clarify big bank risk management expectations WASHINGTON (Reuters) - The Federal Reserve proposed new guidance Thursday that would clarify the regulator's expectations for how senior managers at large banks handle risk at their respective institutions. Canadian marijuana producers end rally as U.S. set to tighten enforcement TORONTO (Reuters) - Canadian cannabis stocks fell on Thursday after the U.S. government said it would resume enforcement of federal laws banning marijuana in states that had legalized pot, disrupting a seven-day rally that boosted shares to record highs. Brookfield Business Partners to buy Westinghouse for $4.6 billion (Reuters) - A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp , for $4.6 billion. U.S. derivatives regulator to review bitcoin futures risks WASHINGTON (Reuters) - The U.S. derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures, it said on Thursday, amid rising concerns over the risks bitcoin poses to the financial system. Oil at highest since 2015 on inventory drawdown, Iran unrest NEW YORK (Reuters) - Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit a 12-year high. SEC warns bitcoin, cryptocurrency investors at risk WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission warned Thursday that investors should "exercise caution" with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors. Related Video Rising gas, tortilla prices unnerve Mexicans Dow breaks 25,000 milestone in global stock surge Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook