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Wall Street closes little changed on Fed policy fears

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Wall Street closes little changed on Fed policy fears

Auto stocks up on Senate approval of bill with EV funding Nvidia slides as slump in gaming demand hits Q2 revenue Dow closes up 0.09%, Nasdaq down 0.1%, S&P 500 0.12% Aug 8 (Reuters) – Wall Street closed flat on Monday after blockbuster jobs last week reinforced expectations the Federal Reserve will crack down on … Read more

China’s exports gain steam but outlook cloudy as global growth cools

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China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

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Berkshire Hathaway posts massive .8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices … Read more

US labor market failures recession fears as job growth surges in July

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US labor market failures recession fears as job growth surges in July

Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings rise 0.5%; up 5.2% year-on-year Participation rate falls to 62.1% from 62.2% in June WASHINGTON, Aug 5 (Reuters) – US job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring … Read more

Sterling falls as BoE expects recession, US futures up

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Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilizes after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

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Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the US central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable … Read more

Wall Street rallies on economic data, crude falls as stockpiles jump

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Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – US stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that US stockpiles of crude and gasoline unexpectedly surged last week. … Read more

OPEC+ agrees tiny output rise in setback for Biden

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OPEC+ agrees tiny output rise in setback for Biden

OPEC to raise output target by 100,000 bpd from Sept OPEC faces output problems to meet existing targets US seeking higher OPEC production to counter Russia Biden trip, US arms sales failed to persuade DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount … Read more

US job openings fall to nine-month low; labor market holds tight

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US job openings fall to nine-month low; labor market holds tight

Job openings drop 605,000 to 10.7 million in June Retail, wholesale trade account for decline in vacancies Quits little changed at 4.2 million; layoffs decrease WASHINGTON, Aug 2 (Reuters) – US job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade … Read more

Stocks and bond yields fall on Taiwan tensions

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Stocks and bond yields fall on Taiwan tensions

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/ Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register MSCI World Index falls 0.4% Bond … Read more