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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
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Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
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Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
The dollar gained against most currencies on Thursday as traders pared their bets of an interest rate cut from the Federal Reserve following Fed Chairman Jerome Powell's comment about U.S. inflation.
The pound slipped after the Bank of England lifted its growth forecasts but warned that Brexit continued to cloud the outlook for monetary policy. Trading volume picked up as some European markets reopened after closing for May Day on Wednesday.
Chinese and Japanese markets will remain closed for domestic holidays the rest of the week.
The greenback proved resilient since Powell said at a news conference on Wednesday that the factors dragging on inflation might be "transitory" and he saw no case for a rate move in either direction.
"That took some of the air out of the rate-cut talk," said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. "Still the market is biased toward a rate cut as the Fed's next move."
Interest rate futures implied traders see about a 53% chance the Fed would lower key lending rates at year-end, down from 61% late on Wednesday, according to CME Group's FedWatch program.
At 3:00 p.m., an index that tracks the greenback against the euro, yen, sterling and three other currencies was up 0.14% at 97.83.
The greenback erased initial losses against the euro, which rose earlier after German retail sales contracted by less than expected while PMI surveys from Germany to Spain were broadly within expectations. The single currency was 0.19% lower at $1.1173.
Meanwhile, sterling retreated from a two-week high against the dollar as the BOE's decision to leave rates unchanged at 0.75% reinforced the view that UK policymakers are in no hurry to raise rates amid concerns about ongoing Brexit negotiations.
The pound was down 0.18% at $1.3025.