Like the weeble toy of old, the Dow Jones wobbles but does not fall down for long, as Wall Street bounced back from the prior session's losses to record another new high on Thursday ahead of bank earning season the next day and as the dollar took a bruising.
Blockchain company Ripple announced on Thursday that it had finalised an agreement with Texan funds transfer giant MoneyGram that would see Ripple's digital currency XRP, which had soared in value since the beginning of December despite questions regarding its practical uses, be used to provide liquidity to financial institutions.
Google parent Alphabet has acquired a Cambridge startup that develops technology to turn surfaces, such as screens, into speakers.
European stocks closed lower on Thursday as retail stocks pulled indices lower after gloomy Christmas trading updates.
US stocks rose in early trade on Thursday, recovering from the previous session's losses as the Dow and Nasdaq hit fresh intraday highs.
The number of Americans filing for unemployment benefits unexpectedly rose last week, according to figures from the Labor Department.
Canada has filed a complaint with the World Trade Organization against the US, claiming it has broken international trade rules.
The euro has snapped higher after rate-setters in Frankfurt dropped a hint that they might harden their so-called 'guidance' for their policy settings.
US futures pointed to a slightly higher start on Wall Street on Thursday following a negative close in the previous session as investors digested the latest news out of China and looked ahead to the start of earnings season.
Eurozone industrial production jumped more than expected in November and the bloc headed into 2018 on the front foot.