• Markets welcome Fed speech aimd emerging market jitters
Markets welcome Fed speech aimd emerging market jitters

The Fed is very confident in the US economy and Powell indicated there is no intention of slowing down the Fed's rate hikes, said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina. Not all of the central bank's policymakers, however, are on board with Powell's plans. Trump reportedly has bee...

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  • Stock Market Sets Record for Longest Bull Run in History
Stock Market Sets Record for Longest Bull Run in History

They say this bull market would have to run until June 2021 to set the record, claiming the longest bull market ran 4,494 days between December 4, 1987, and March 24, 2000. At 12:33 a.m. EDT the Dow Jones Industrial Average was up 120.38 points, or 0.47 percent , at 25,879.07, the S&P 500 was up 14.93 points, or 0.52 percent, at 2,871.98 and t...

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  • United States and Mexico postpone Nafta ministerial talks until Wednesday
United States and Mexico postpone Nafta ministerial talks until Wednesday

U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister are meeting again today in Washington . That could mean this country will continue to face US tariffs on steel and aluminum - and possibly on automobiles exported to the States - well after Mexico is freed from the levies, he said.

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  • Erdogan spokesman says U.S. disregard for Turkey's legal process 'unacceptable'
Erdogan spokesman says U.S. disregard for Turkey's legal process 'unacceptable'

Turkey could end the currency crisis "instantly" by freeing the pastor, Trump's national security adviser , John Bolton , told Reuters earlier. He said he had thought Turkey would release pastor Andrew Brunson after the USA helped persuade Israel to free a detained Turkish citizen, BBC reported on Tuesday.

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  • Sears to close 46 unprofitable stores
Sears to close 46 unprofitable stores

The Sears Auto Center will close by the end of the month and liquidation sales will begin as early as August 30. Sears Holdings is set to close dozens of stores nationwide, including several in New England. So far this year, Sears has closed or found unprofitable around 200 Kmart and Sears stores. Store locations have already been notif...

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  • United Kingdom to boost exports to 35% of GDP
United Kingdom to boost exports to 35% of GDP

Fox said Britain's competitors were discussing wider global issues as he laid out a plan to make Britain a "21st century exporting superpower". However, the Confederation of British Industry estimates that that in every region of the country there are around 10 per cent of businesses that could export but are not doing so.

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  • Michael Cohen implicates President Trump in hush money scheme
Michael Cohen implicates President Trump in hush money scheme

That could be legally problematic if a court viewed this as this yet another unreported in-kind contribution to Trump's campaign, this time by a corporation and well above the limit. Yesterday... was not a good day for those formerly in Donald Trump's orbit (for the rest of us, it was glorious). "That's why he's no good - that is Michael Coh...

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  • Fed’s George Calls for More Rate Increases
Fed’s George Calls for More Rate Increases

Most analysts think that Trump's criticism will have little effect on the Fed's rate-hike plans, given the USA central bank's legal independence. Trump told Reuters that he was "not thrilled " with Powell, who he appointed to lead the Fed and that the bank should do "what's good for the country" by holding off on rate hikes.

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  • US, China escalate tariffs on each other amid trade talks
US, China escalate tariffs on each other amid trade talks

The latest action completes the first round of duties on $50 billion in Chinese products that President Donald Trump targeted. Beijing hit back with tariffs on an equal amount of USA goods, targeting iconic products such as Harley-Davidson motorcycles, dump trucks and asphalt, among hundreds of others.

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  • US, China talks raise optimism on eve of new trade tariffs
US, China talks raise optimism on eve of new trade tariffs

US President Donald Trump said he does not expect much progress from trade talks with China this week in Washington . The official declined further comment but pointed out Trump's own pessimistic comments in the Reuters interview. Unlike previous rounds of US tariffs, which mainly targeted Chinese parts, including steel and electronic compon...

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  • Oil stabilises as economic concerns weigh
Oil stabilises as economic concerns weigh

Total S.A., a major oil company from France, has announced they are withdrawing from a massive Iranian gas project because they couldn't get a United States waiver. This is a subtle but telling shift away from Iran's previous argument, that the Organization of the Petroleum Exporting Countries does not have the production capabilities to repl...

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  • 'No-deal' Brexit would threaten European unity for a generation
'No-deal' Brexit would threaten European unity for a generation

But, thanks to a catalogue of errors, and the Government's complete mishandling of the Brexit negotiations from the start, we are now in a position where even key Cabinet ministers admit that crashing out of the European Union with no deal is now the most likely outcome.

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  • Huge Pixel 3 Leak: See It Up Close
Huge Pixel 3 Leak: See It Up Close

Aesthetically, the sides and rear of the handset appear to be near-identical to the second iteration of the device - the Pixel 2 and Pixel 2 XL - with a fingerprint scanner embedded in the aluminum majority of the body while the single camera, flash, and sensors are found in the smaller, glass section at the top.

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  • US Imposes New Sanctions on Russia Over Cyber Activities
US Imposes New Sanctions on Russia Over Cyber Activities

He said Russia's offer of talks still stood however. The Trump administration has imposed new sanctions against two Russian shipping companies and six vessels for violating the UN Security Council resolutions. Kim Hyo-sun tells us more . "We will not hesitate to do so if its conduct does not demonstrably and significantly change". Separately...

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  • S.Africa inquiry opens into alleged graft under former president
S.Africa inquiry opens into alleged graft under former president

Zuma's successor as President, Cyril Ramaphosa , has vowed to crack down on government corruption , which he has admitted was a serious problem. - Thando Kubheka, EWN ReporterThe legal team will also look at other members of the executive whether former President Jacob Zuma acted unlawfully in executing his duties and how ministerial dismis...

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  • Debate over longest bull market centers on rounding
Debate over longest bull market centers on rounding

The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 155 new highs and 29 new lows. Key gainers included retailers Target and Lowe's, which rose 3.2 per cent and 5.8 per cent after reporting strong earnings.

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  • ‘Crazy Rich Asians’ Sequel In Development At Warner Bros
‘Crazy Rich Asians’ Sequel In Development At Warner Bros

Kwan has lived in the USA ever since 1990, and attempted to officially renounce his Singaporean citizenship in 1994, according to Variety . " Crazy Rich Asians " topped the U.S. Chinese actress Jasmine Chen posing at the premiere of the film " Crazy Rich Asians " at the Capitol Theatre in Singapore. The author, riding high on one of the biggest ...

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  • Paul Manafort found guilty on eight counts in U.S. court
Paul Manafort found guilty on eight counts in U.S. court

Attorneys office said in a statement, of Cohen's crimes, "The defendant caused and made payments described herein in order to influence the 2016 presidential election". The president and his associates have been the subjects of a special counsel investigation since last spring to determine if Trump's campaign worked with Russian agents to influ...

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  • USA dollar weakens after Trump slams Fed rate hikes
USA dollar weakens after Trump slams Fed rate hikes

Interest rates have been historically low for the past decade as part of the central bank's effort to help the economy recover from the Great Recession, and the increases are an effort to return to normal levels and ward off inflation. But that stands in contrast with the president's own words, which are often very critical of Powell and suggest th...

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  • Erdogan vows Turkey will not be cowed by US
Erdogan vows Turkey will not be cowed by US

We are telling them: "we've seen your games, and we are challenging you", the Turkish leader told thousands of his supporters during the sixth Congress of the ruling AK Party (AKP) in the capital Ankara on Saturday. Turkey has repeatedly asked Washington to return Gulen, but USA officials have said that Turkey has failed insufficient evidence to ...

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