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...
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...
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...
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...
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...
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...
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...
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...
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...
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...