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  • MARGATE CAPITAL MANAGEMENT'S SAMANTHA GREENBERG SAYS VALUATIONS TO RISE FOR TAKE-TWO INTERACTIVE SOFTWARE- DELIVERING ALPHA CONFERENCE.

  • Treasury yields were little changed on Wednesday with the yield curve remaining near its flattest in nearly 11 years as Federal Reserve Chairman Jerome Powell stayed on message about a healthy economy before a U.S. House of Representatives committee. "He's been constructive on the economy and downplayed the risk of a recession," said Jonathan Cohn, interest...

  • NEW YORK, July 18- The S&P 500 hit a five-month high on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season. As earnings season ramps up, analyst optimism has grown; S&P 500 earnings are now seen to have increased 21.4 percent in the quarter ended June 30, up from 20.7...

  • CAPE CANAVERAL, Fla.— Jeff Bezos' Blue Origin rocket company has shot a capsule higher into space than it's ever done before. The company's New Shepard rocket blasted off Wednesday on a test flight from West Texas. Once the booster separated, the capsule's escape motor fired, lifting the spacecraft to an altitude of 389,846 feet.

  • NEW YORK, July 18- Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed. Those five Wall Street banks generated roughly $44 billion in trading revenue during the first half of the year, a seven-year high when adjusting for one-time...

  • WASHINGTON, July 18- A government audit released on Wednesday faulted the National Highway Traffic Safety Administration's oversight of auto safety recalls and said its "delayed action" may have delayed the expansion of a record-setting callback of millions of vehicles for Takata air bag inflators. The U.S. Transportation Department's Office of Inspector...

  • WASHINGTON— Federal Reserve Chairman Jerome Powell says that the central bank has tools it could use to cushion the adverse effects a trade war might have on the economy. But he tells Congress the effort could be challenging if higher tariffs push inflation up too sharply. Powell says if the retaliatory tariffs imposed by other countries caused the U.S. economy...

  • *S&P 500 at five-month peak as earnings roll in. NEW YORK, July 18- A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies. Federal Reserve Chairman Jerome Powell, whose upbeat remarks about...

  • NEW YORK, July 18- U.S. Treasury yields were little changed on Wednesday with the yield curve remaining near its flattest in nearly 11 years as Federal Reserve Chairman Jerome Powell stayed on message about a healthy economy before a House of Representatives committee. Powell's answers to questions from members of the House Financial Services Committee...

  • TREASURY YIELDS HOLD NEAR SESSION HIGHS AFTER LATEST FED'S BEIGE BOOK; 10- YEAR YIELD LAST AT 2.871 PCT.

  • July 18- Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash. The company's Class A shares climbed $14,470, or 5 percent, to $302,970 in afternoon trading, while its Class B shares rose $10.32, or...

  • WASHINGTON, July 18- The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros. Speaking at a hearing in Capitol Hill, FTC Chairman Joseph Simons said he had spoken on Tuesday with EU...

  • DENVER— Visitors appear to be steering clear of some U.S. national parks or cutting visits short because of pollution levels that are comparable to what's found in major cities, according to a study released Wednesday. Researchers at Iowa State and Cornell universities looked at more than two decades of data on ozone pollution at 33 parks— from Shenandoah to...

  • WASHINGTON, July 18- Manufacturers in every one of the Federal Reserve's 12 districts worried about the impact of tariffs, a Federal Reserve report said on Wednesday, even as the U.S. economy continued to expand at a moderate to modest pace. The latest snapshot of the health of the economy, derived from the central bank's discussions with business contacts around...

  • WASHINGTON, July 18- U.S. Senate Democrats on Wednesday lashed out at Republican President Donald Trump's tax overhaul of December 2017, warning that it contains "gigantic loopholes" that could encourage companies to move plants and jobs abroad. Analysts expect multinational corporations to make similar arguments in coming months to urge Congress to...

  • July 13- Morgan Stanley's better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks. The U.S. banking industry has benefited from a cut in corporate tax rates, interest rate hikes and a strengthening economy. Volatility caused by escalating trade tensions and central bank policy changes also boosted...

  • NEW YORK, July 18- Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed. Those five Wall Street banks generated roughly $44 billion in trading revenue during the first half of the year, a seven-year high when adjusting for one-time...

  • WASHINGTON, July 18- Reaching a denuclearization deal with North Korea "may take some time," U.S. President Donald Trump, Pompeo, who held inconclusive talks in North Korea earlier this month, said progress had been made on some issues. Pompeo said North Korea had reaffirmed its commitment to give up its nuclear weapons and that progress had been made on arranging...

  • July 18- Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews. The showroom will operate through Amazon Vehicles, a platform the world's biggest online retailer launched in 2016, for users to research on cars, auto parts and accessories.

  • July 18- Uber Technologies Inc appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokesman told Reuters on Wednesday. The ride-hailing company has had a rough history when it comes to protecting driver and passenger data, even while it gears up for a public listing next year. Zefo, who will start in her new job from...