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White House Government Agencies

  • WASHINGTON, July 14- U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reserve this year. "Today's reports imply that the Fed will go very slowly normalizing rates, but it also means that...

  • *STOXX 600 up 0.1 pct. LONDON, July 14- European shares had their strongest week in more than two months as investors piled back into equities on signs that the world's major central banks would likely not tighten monetary policy as quickly as some had feared. "In Europe, we're still not dealing with any higher interest rates, which should be benefiting the U.S....

  • NEW YORK, July 14- The U.S. dollar weakened and government bond yields fell to multi-week lows on Friday after a benign reading of U.S. inflation in June and soft retail demand raised doubts the Federal Reserve would increase interest rates later this year. The U.S. consumer price index increased 1.6 percent, the smallest gain since October 2016, after rising 1.9...

  • WASHINGTON, July 14- U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reserve this year. The Labor Department said the unchanged reading in its Consumer Price Index came as the cost of...

  • NEW YORK, July 14- The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about U.S. economic growth and whether the Federal Reserve would raise interest rates again in 2017.. "The CPI data begs the question, at what point does transitory...

  • WASHINGTON, July 14- U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation that could diminish prospects of a third interest rate increase from the Federal Reserve this year. The Labor Department said on Friday that the unchanged reading in its Consumer Price Index came as the cost of gasoline...

  • WASHINGTON— Lower costs for gas, airline tickets, new and used cars and wireless mobile phone plans kept U.S. consumer prices flat in June, evidence that inflation remains muted. The unchanged reading followed a drop of 0.1 percent in May, the Labor Department said Friday. Federal Reserve Chair Janet Yellen hinted on Wednesday that the Fed could slow its rate hike...

  • *Wall Street to open flat. LONDON, July 14- Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Wall Street was set for a broadly flat open, with shares in JP Morgan and Wells Fargo dipping in pre-market trade after the U.S. banks released mixed earnings reports,...

  • Wells Fargo said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business. The Federal Reserve has raised interest rates three times since December, which lets banks charge more money for lending, and Wells Fargo said its net interest income climbed 6 percent to $12.5...

  • OMB Mick Mulvaney: At the end of the day, GOP health care bill will be passed

    Mick Mulvaney, Office of Manaagement and Budget director, talks about the struggle to replace Obamacare and pass the Republican's health-care legislation.

  • Executives at big banks warned in recent weeks that trading revenue for the quarter would be down from a year earlier, when client trading surged around UK's Brexit vote. The bank's net income rose 13.4 percent to $7.03 billion in the second quarter ended June 30. 1/ 8 http://bit.ly/2tQ630n 3/ 8. Excluding a gain from a legal settlement, the company earned $1.71 per...

  • The Federal Reserve chair's second day of testimony to Congress generated little market-moving news. KEEPING SCORE: Britain's FTSE 100 dipped 0.1 percent at 7,410.07 but France's CAC 40 added 0.1 percent to 5,240.62 while Germany's DAX was nearly unchanged at 12,643.09. ASIA SCORECARD: Japan's Nikkei 225 added 0.1 percent to 20,118.86 and South Korea's...

  • *Global stocks hit all-time high; Asia ex- Japan, Nikkei rise. SINGAPORE, July 14- Global stocks scaled record highs on Friday, with Asian equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate tightening path and hopes of a strong earnings season lifted appetite for risk assets. MSCI's broadest index of Asia-Pacific...

  • *Global stocks open at all-time high; Asia ex- Japan, Nikkei rise. SINGAPORE, July 14- Global stocks scaled record highs on Friday, with Asian equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate tightening path and hopes of a strong earnings season lifted appetite for risk assets. MSCI's broadest index of...

  • TOKYO, July 14- The dollar trod water against a group of peers early on Friday, as currency investors remained cautious ahead of U.S. inflation data due later in the session, which is expected to set the greenback's near-term direction. The U.S. currency's recent advance, notably against the yen, has stalled towards the end of this week as Federal Reserve Chair Janet...

  • NEW YORK, July 13- The dollar was steady against a basket of major currencies on Thursday, as investors turned their attention to Friday's economic data, a day after Federal Reserve Chair Janet Yellen signaled the Fed's rate hikes could be gradual. The U.S. economy is healthy enough for the Fed to raise rates and start winding down its massive bond portfolio, but low...

  • WASHINGTON, July 13- The U.S. State Department will require all nations to provide extensive data to help it vet visa applicants and determine whether a traveler poses a terrorist threat, according to a cable obtained by Reuters. The memo lays out a series of standards the United States will require of other countries, including that they issue, or have active...

  • WASHINGTON, July 13- FanDuel Chief Executive Nigel Eccles said on Thursday his company and DraftKings would terminate a planned merger after a legal challenge by U.S. antitrust enforcers. The U.S. Federal Trade Commission said in June that it would seek to stop the deal because the combined company would control more than 90 percent of the U.S. market for paid...

  • Magellan's devices are the only lead testing products cleared by the FDA and account for about half of all lead tests in the United States. In its report, the FDA listed certain observations that may be in violation of federal law, including concerns that design validation studies on some devices did not ensure they work the way they are intended to.

  • WASHINGTON, July 13- Federal Reserve Chair Janet Yellen said on Thursday the central bank was prepared to act against directors of Wells Fargo if an investigation deems it appropriate. Under questioning by Democratic Senator Elizabeth Warren of Massachusetts about the bank's creation of millions of fake accounts, Yellen said she would not comment on...