White House Government Agencies

  • Aug 29- Wall Street snapped a three-day losing streak on Monday as financial stocks rose after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened. Vice Chairman Stanley Fischer suggested that a move as soon as next month could be possible. The S&P 500 financial index rallied 1.05 percent, trading at its highest level...

  • Treasury prices rose on Monday as investors bought Treasuries following a market selloff Friday that took yields on benchmark 10- year notes to their highest since Britain's surprise vote to exit the European Union late in June. Comments from Federal Reserve Chair Janet Yellen and Vice Chair Stanley Fischer on Friday, perceived as raising the likelihood of...

  • Aug 29- Wall Street rose on Monday morning, helped by financial stocks that gained a day after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened. Vice Chairman Stanley Fischer suggested that a move as soon as next month could be possible. "It's a delicate yet deliberate delivery of reality," said Andre Bakhos, managing...

  • NEW YORK, Aug 29- The U.S. dollar broadly extended gains on Monday and reached a three-week high against the yen after Federal Reserve officials' hawkish comments on Friday raised expectations that an interest rate hike is more likely in the coming months. At an annual gathering for global central bankers in Jackson Hole, Wyoming, Fed Chair Janet Yellen said the...

  • Aug 29- Wall Street was set to open flat on Monday as investors pondered the timing of the next interest rate hike following comments from top Federal Reserve officials. "It's a delicate yet deliberate delivery of reality," said Andre Bakhos, managing director at Janlyn Capital. A report from the U.S. Commerce Department showed consumer spending, which accounts...

  • *Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. The Commerce Department said on Monday that consumer spending, which...

  • WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could allow the Federal Reserve to raise interest rates this year. The Commerce Department said on Monday that consumer spending, which accounts for more than two-thirds of U.S. economic...

  • *European shares in the red, Wall Street seen unchanged. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards soon. But on Friday, at an annual gathering of global central...

  • Debt, death, heir

    Who's responsible for any debt left behind by your loved ones? That depends on the type of debt, but the answer usually is: Not you.

  • *Fed Chair Janet Yellen said on Friday the case for a rate increase was getting stronger, but provided little detail on when the central bank would next move. *The chances of a rate hike in September jumped to 33 percent from 21 percent, while the measure rose modestly to 44.4 percent from 41.4 percent for December, according to CME Group's FedWatch tool.

  • LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered expectations that U.S. interest rates would rise soon. Treasury yields rose to their highest since June and rate futures indicated the market priced in more than a 30 percent chance of a hike in September, up from 18 percent before Fed...

  • *Locally transmitted cases in Florida are mounting. Through last week, the United States reported 2,517 Zika cases, 29 of which were likely acquired locally in Florida through mosquito bites and the rest brought in by travelers, the U.S. Centers for Disease Control and Prevention said. With FDA approval, Roche's test now can be used to screen patients exhibiting...

  • Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy and the labor market in recent months had boosted the case for hiking rates. The CME Group's FedWatch tool showed the market pricing in more than a 30 percent chance of a hike in September, up from 18 percent before...

  • MILAN, Aug 29 (Reuters)- European shares fell on Monday as top Federal Reserve officials bolstered expectations for a U.S. rate hike this year, while Alstom bucked the weaker trend after a contract win. The pan-European STOXX 600 index fell 0.3 percent, giving back gains seen in the previous session, while a holiday closure of UK markets was expected to keep activity...

  • *European shares in the red, Germany's DAX down 1 percent. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term. But on Friday, at the Fed's annual gathering for...

  • MELBOURNE, Aug 29- Shanghai copper was stuck near two-month lows on Monday, with the dollar pushed up after comments by the Federal Reserve left the door open to a rate hike this year, while a holiday in London drained the market of direction. Shanghai Futures Exchange copper was trading up 0.2 percent at 36,420 yuan a tonne by 0705 GMT. Global copper stockpiles...

  • LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered expectations that U.S. interest rates will rise soon. Treasury yields rose to their highest since June and rate futures indicated the market priced in more than a 30 percent chance of a hike in September, up from 18 percent before Fed...

  • JACKSON HOLE, Wyo., Aug 27- Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market "has strengthened" the case for the first rate increase since last December, Fed Chair Janet Yellen told a central banking conference in Jackson...

  • *Spot gold may drop to $1,308- technicals. Aug 29- Gold edged lower on Monday as the dollar got a boost after hawkish comments from Federal Reserve Chair Janet Yellen left the door open to a U.S. interest rate hike as early as next month. The case for raising U.S. interest rates has strengthened in recent months due to improvements in the labor market and expectations...

  • TOKYO, Aug 29- Japanese stocks surged to 1-1/ 2- week highs on Monday morning as the yen weakened after U.S. Federal Reserve Chair Janet Yellen signalled an interest rate hike remains on the cards this year, lifting insurers and exporters. Exporters also surged after the dollar rose 0.2 percent to 102.03 yen after earlier rising as high as 102.14, its best since Aug....