Bloomberg “Janet Yellen Says Low Inflation Still Major Source of Uncertainty.” Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing the Fed is monitoring too-low inflation. U.S. stocks opened higher while Treasury yields fell....
BBC “Jordan soldier who killed US trainers jailed for life” A Jordanian soldier has been sentenced to life in prison with hard labor for killing three US military trainers last year. Marik al-Tuwayha, who pleaded not guilty to premeditated murder, attacked the men as their vehicles approached al-Jafr airbase in November. One was killed at....
Bloomberg “Morgan Stanley Traders Top Goldman’s for Second Straight Quarter” For a second straight quarter, Morgan Stanley posted more fixed-income revenue than its bigger competitor in one of Wall Street’s most hotly contested arenas, reporting the smallest drop among top U.S. investment banks on Wednesday. Equities trading also outperformed Goldman Sachs, as did the firm’s....
CNN “Kushner confirms Russia meetings, says ‘I did not collude’” Jared Kushner, the President’s son-in-law and senior adviser, said in a statement Monday to the Senate and House intelligence committees that he had no additional contacts with individuals who were or may have been Russian government representatives, beyond those that have already been publicly disclosed.....
BBC “Russia sanctions: EU vows to retaliate over US measures” The European Union has expressed concern about US plans to impose fresh sanctions on Russia, amid concern they could hurt energy companies. The EU Commission sounded the alarm after the US House of Representatives voted in favor of the measures, despite opposition from Donald Trump.....
Bloomberg “Dow Tops 22,000 as Apple Rallies; Euro Strengthens: Markets Wrap.” The Dow Jones Industrial Average rose past 22,000 for the first time as Apple Inc. pushed to a record, while renewed strength in the euro dragged down European equities. Oil fluctuated after retreating from its brief rise above $50 a barrel. The Nasdaq 100....
Bloomberg “U.S. Stocks Drift Higher, Energy Weighs on Indexes: Markets Wrap” U.S. stocks were slightly higher Monday, continuing their record run, despite a decline in energy stocks. Crude dropped as major oil producers gathered to discuss participation in output cuts. The dollar continued to climb, while the euro also rose. The greenback initially struggled to....
Bloomberg “Stocks Bounce and Havens Drop as Korea Fears Abate: Markets Wrap.” Stocks around the world advanced and volatility gauges fell as the prospect of war between the U.S. and North Korea appeared to recede. Havens including gold, Treasuries and the yen fell. U.S. stock opened higher, with the S&P 500 Index and Dow Jones....
Reuters “Wall Street opens higher; investors eye Fed minutes.” U.S. stocks opened higher on Wednesday morning ahead of the latest Federal Reserve’s minutes, which will offer investors clues on future interest rate hikes this year. The central bank will release the details of the July policy meeting at 1400 ET (1800 GMT). A slide in....
New York Times “Stocks Drop as Attacks in Spain Push Investors to Safe Havens.” Stocks in the United States opened lower on Friday, following declines in Europe and Asia after terrorist attacks in Spain added to the issues concerning investors, spurring them to park their money in traditional safe havens. Both the Standard & Poor’s....
New York Times “Trump Settles on Afghan Strategy Expected to Raise Troop Levels” President Trump, who has been accused by lawmakers of dragging his feet on Afghanistan, has settled on a new strategy to carry on the nearly 16-year-old conflict there, administration officials said Sunday. The move, following a detailed review, is likely to open....
Reuters “Wall Street drops on Trump’s threats of government shutdown, NAFTA end.” U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada. The....
Bloomberg “U.S. Second-Quarter Growth Revised to 3% in Momentum Boost.” U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday. The revisions indicate greater momentum going into the second....
Reuters “U.S. job growth slows in August; wage growth retreats.” U.S. job growth slowed more than expected in August after two straight months of hefty gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming the massive bond portfolio it built to support....
Bloomberg “Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal.” China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said on its website Monday that....