The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* Australian dollar sheds 1 pct after softer CPI
* U.S. dollar within a whisker of 22-month high
* Swiss franc pulls away from 2019 lows on euro weakness
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
LONDON, April 24 (Reuters) - Australia's dollar dropped one percent on Wednesday after weaker-than-expected inflation numbers heightened the prospect of an interest rate cut, while the U.S. dollar held firm within a whisker of the previous session's 22-month high.
The greenback was propelled higher by strong U.S. housing data - the latest indicator to suggest the American economy is outgrowing rivals, encouraging investors to snap up the U.S. currency in recent weeks.
Data on Wednesday showed Australia's headline consumer price index was flat in the January-March quarter, below forecasts and the lowest since early 2016.
"Given the large decline over the last 24 hours, I could see AUD bouncing back later today just on profit-taking, but I think in general it's likely to be weak for some time," said Marshall Gittler, currency strategist at ACLS Global, noting that the market expectations for a rate cut in May had grown.
He also noted data indicating currency managers were long the Aussie. "That means there are plenty of sellers of AUD left in the market," he said.
The Aussie was the biggest mover among the main currencies, falling to a 1-1/2 month low of $0.7027.
The dollar index, which measures the U.S. currency versus a basket of six major rivals, stood at 97.660 after rising to 97.777 overnight, its highest since June 2017.
Data on Tuesday showed sales of new single-family homes in the U.S. jumped to a near 1-1/2-year high in March.
The euro weakened 0.2 percent to $1.1202 but held above Tuesday's lows of $1.1192.
"The European economy looks particularly weak relative to the U.S. economy and this highlights the euro's weakness," said Takuya Kanda, general manager at Gaitame.Com Research.
"The United States is now expected to have experienced firm growth in the first quarter, reinforcing the dollar's strength relative to the euro."
U.S. first quarter GDP data on Friday could strengthen the case that while the current period of global expansion is in its late stages, the United States is on a firmer footing.
The weakness in the euro allowed the Swiss franc to strengthen from six-month lows.
The franc, which has been hit hard as investors dumped safe-haven currencies during this year's rally in risk assets, rose 0.2 percent to $1.1425 francs.
Sterling extended recent losses to hit another two-month low of $1.2915, as pressure grows on Prime Minister Theresa May to come up with a Brexit plan amid stalled negotiations with the opposition Labour party. (Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Kirsten Donovan)