Trump policy doubts, weak inflation to weigh on Wall Street

(Reuters) – Wall Street was set to open lower on Thursday as minutes from the Federal Reserve’s July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump’s ability to pursue his pro-growth policies. Indexes closed off their highs on Wednesday following Trump’s decision to More...

by admin | Published 19 hours ago
By admin On Wednesday, August 16th, 2017

Wall Street rises as consumer stocks gain; Fed minutes eyed

(Reuters) – The S&P and the Dow rose higher in late morning trading on Wednesday on gains from consumer discretionary stocks, with investors awaiting the minutes on the latest Federal Reserve meeting. More...

By admin On Tuesday, August 15th, 2017

Americans' debt level notches a new record high

NEW YORK (Reuters) – Americans’ debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, More...

By admin On Monday, August 14th, 2017

Merck CEO resigns from Trump council over Charlottesville

(Reuters) – Merck & Co Inc Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, saying he was taking a stand against intolerance and More...

By admin On Sunday, August 13th, 2017

Asian shares bounce after losses, dollar sags on weak U.S. CPI

TOKYO (Reuters) – Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by weak U.S. inflation data which dampened prospects of another More...

By admin On Saturday, August 12th, 2017

North Korea factories humming with 'Made in China' clothes, traders say

DANDONG, China (Reuters) – Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told More...

By admin On Saturday, August 12th, 2017

After a long drought, bear market funds attract buyers

NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in More...

By admin On Friday, August 11th, 2017

Saudi Arabia favors New York for Aramco listing despite risks: sources

DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic More...

By admin On Thursday, August 10th, 2017

U.S. producer prices record biggest drop in 11 months

WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest More...

By admin On Wednesday, August 9th, 2017

Wall Street slips as rising North Korea tensions rattle investors

(Reuters) – U.S. stocks were lower on Wednesday as investors scurried to safe-haven assets after President Donald Trump’s “fire and fury” warning to North Korea escalated tensions with the More...