Today's Top Story
Trump says would intervene in arrest of Chinese executive
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing. Read More
Business News
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Exclusive: Trump says Fed shouldn't hike rates, but calls Powell 'a good man'
WASHINGTON (Reuters) - President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.
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Stocks cheered by Trump trade talk; sterling plagued by politics
SYDNEY (Reuters) - Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.
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Exclusive: Trump says China 'back in the market' for U.S. soybeans
WASHINGTON (Reuters) - President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials.
- More Business News»
Economic News
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Trump says would intervene in arrest of Chinese executive
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing.
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Exclusive: Trump says Fed shouldn't hike rates, but calls Powell 'a good man'
WASHINGTON (Reuters) - President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.
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Stocks cheered by Trump trade talk; sterling plagued by politics
SYDNEY (Reuters) - Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.
- More Economic News»
Money News
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DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.
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Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever
LONDON (Reuters) - Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger dollar.
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Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell
WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co
must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. - More Money News»
