adminA key inflation metric is back to trending below the Fed’s 2% target: Chart of the Week
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we're watching…
VP Harris: ‘As president, I will not ban fracking’
Democratic presidential candidate Kamala Harris wants to make it crystal clear: If she's elected president, she won't put a stop to fracking, the drilling technique she once opposed prior to…
Ship targeted by 2 suspected missiles from Yemen’s Houthi rebels in Gulf of Aden as oil tanker burns
DUBAI, United Arab Emirates (AP) — Two missiles suspected to have been fired by Yemen's Houthi rebels targeted a ship in the Gulf of Aden late Friday, splashing down nearby…
U.S. stock rally broadens as investors await Fed
By David Randall NEW YORK (Reuters) – A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key…
Hunt for Fed-Pivot Winners Sparks a Rush to Indonesia, Malaysia
(Bloomberg) — Global investors are boosting exposure to Indonesia and Malaysia on bets the two markets will benefit more than their developing-nation peers as the Federal Reserve looks set to…
Treasuries End August Sliding as Traders See Gradual Fed Cuts
(Bloomberg) — Treasury yields rose Friday as inflation data reinforced the outlook for a less-aggressive pace of Federal Reserve interest-rate cuts starting next month and investors anticipated an increase in…
Federal agency cracks down on a predatory lending practice that often hurts Somali Muslims
For years, Fartun Weli has been frustrated with the way low-income Somali Muslims in Minnesota have been targeted by shady home sellers edging their way into the community — by…
US consumer spending picks up; inflation rises moderately in July
WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut…
Traders see Fed delivering 25 bps cut in Sept, 100 bps by year-end
(Reuters) – Traders added to bets that the Federal Reserve will start U.S. interest-rate cuts next month with a quarter-point reduction in the policy rate, rather than a bigger half-point…
Gap shares rise after it resumes trading, Q2 results show growing sales and margin
Gap (GAP) is showing signs of a comeback. In Q2, revenue grew 5% to $3.72 billion, compared to estimates of $3.63 billion, while adjusted earnings per share came in at…
