Key Words: The focus on nationality of next ECB chief is ‘completely absurd,’ says top candidate

German Bundesbank President Jens Weidmann, a leading but controversial candidate to take the helm of the European Central Bank, pushed back in a Financial Times interview on the idea that the nationality of the institution’s head is an important consideration. ‘This discussion about a candidate’s nationality is ‘completely absurd. I mean, would you have asked … Read more

The Wall Street Journal: Casino billionaire Adelson may help fund U.S. embassy in Jerusalem

WASHINGTON—The State Department will open its embassy in Jerusalem in May and is entertaining an unusual offer from Sheldon Adelson, Republican Party donor and casino magnate, to help pay for a new facility after an initial move from Tel Aviv, U.S. officials said. Secretary of State Rex Tillerson late Thursday signed off on security plans … Read more

CryptoWatch: Bitcoin bounces but gains could be limited

iStockphoto / MarketWatch photo illustration After a two-day selloff, major cryptocurrencies saw moderate gains Friday as they looked to claw back losses in what’s been a tumultuous few days for crypto investors. The 48-hour slide saw the No. 1 digital currency, bitcoin BTCUSD, +2.37%  lose as much as $2,000, trading below $9,600 late Thursday. Bitcoin … Read more

NewsWatch: There’s a new volatility ‘witching hour’ puzzling stock traders

MARKETWATCH FRONT PAGE Recent trading trends in equities markets have proved quizzical for some market participants, leading to a few theories about what’s at hand. See full story. Warren Buffett’s letter to investors: 5 things to watch Warren Buffett releases his annual letter to Berkshire Hathaway shareholders Saturday. Here are some likely highlights. See full … Read more

Bond Report: Treasurys draw buying as rate hike fears recede from monetary policy report

Treasury prices rose, pulling yields lower, on Friday after the Federal Reserve, in a report to Congress, gave little indication it plans to raise interest rates more aggressively in 2018. What are bonds doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.84% slipped 5.1 basis points to 2.866%, retracing the weeklong climb that saw the yield … Read more

Emotional support dog injures young girl on Southwest flight

There was yet another mishap involving an emotional support animal and travel — and this time someone was hurt. A young girl was injured by an emotional support dog while boarding a Southwest Airlines LUV, +1.17%  flight from Phoenix to Portland, Ore., the airline confirmed. Southwest said its initial reports indicate that the dog’s teeth … Read more

Did Kylie Jenner’s tweet cause Snapchat stock to plunge $1.3 billion? Here are 5 of the costliest tweets ever

Sticks and stones may break bones, but 280 characters can do a whole lot more damage. On Wednesday, Kylie Jenner, start of E!’s “Keeping Up with the Kardashians,” and a fashion empire mogul in her own right, tweeted that she was over Snapchat SNAP, -0.34% “Sooo does anyone else not open Snapchat anymore? Or is … Read more

Capitol Report: Elizabeth Warren and Mick Mulvaney trade barbs over payday lenders, arbitration

Getty Images Sen. Elizabeth Warren and Acting CFPB Director Mick Mulvaney have different views on payday lending and mandatory arbitration. The driving force behind the creation of the Consumer Financial Protection Bureau and the person revamping that institution right now traded barbs in a series of letters on payday lenders and arbitration. At the end … Read more

The Wall Street Journal: Gothamist and related sites to be reborn after purchase by public-radio consortium

Gothamist Gothamist on Friday celebrates its comeback. Gothamist is being resuscitated nearly four months after it was abruptly shuttered by its owner, billionaire TD Ameritrade AMTD, +1.41% founder Joe Ricketts. The assets of Gothamist, DCist and LAist were purchased by a group of three public radio stations in a joint deal, the organizations announced Friday. … Read more

Economic Preview: Fed and new boss Jerome Powell are on inflation watch as anxious investors look on

Getty Images Chairman Jerome Powell, President Donald Trump’s choice to run the Federal Reserve, has a big choice to make: How much to raise U.S. interest rates in 2018. The entire financial world will be watching new Federal Reserve boss Jerome Powell like a hawk this week when he testifies in Congress, but Powell himself … Read more