US Business Activity Picks Up; Factories Lead the Way
U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed Thursday.
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Unemployment Claims Rise to Highest Since June
The number of Americans filing new applications for jobless benefits rose by the most in about three months last weekin an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.
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US, EU Lock in Trade Deal; US Official Sees Auto Tariff Relief in Weeks
The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber. In a 3-1/2-page joint statement, the two sides listed the...
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Fed Dissenters Appeared Alone in Favoring Rate Cut at July Meeting, Minutes Show
The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting, a readout of the gathering...
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Digital Euro: ECB Pushes Hard for Control Currency
During an appearance on the talk show Maischberger, ECB President Christine Lagarde emphasized the importance of the digital euro for the future of the Eurozone. One wonders: why the sudden urgency?
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Powell's Last Jackson Hole Speech Could Pack a Punch
Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair.
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