Wall St. sinks on trade jitters ahead of Powell speech

NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. Technology companies led all three major U.S. stock indexes into the red ahead Powell’s speech and the question-and-answer […]

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Wall St. moves higher; Fed policy meeting on the horizon

(Reuters) – U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates. The central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but market expectations are for a rate cut as early as July. […]

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United Technologies, Raytheon slip after Trump comments on mega deal

(Reuters) – Shares of defense contractor Raytheon Co and United Technologies Corp pared gains on Monday after U.S. President Donald Trump said he was a “little concerned” about their $121 billion merger to create a new aero-defense company. Trump said the merger would harm competition and make it more difficult for the U.S. government to negotiate defense contracts. “I want […]

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U.S. pushes Mexico for more in talks over tariffs and border

WASHINGTON (Reuters) – Mexican and U.S. officials resumed talks on trade and migration on Thursday, with the Trump administration resisting calls from U.S. businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on its southern neighbor. Vice President Mike Pence, who led an initial round of negotiations in Washington on Wednesday, said talks were […]

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Canada moves to ratify North American trade deal ahead of visit by U.S. vice president

OTTAWA (Reuters) – The Canadian government formally presented draft legislation to ratify the new North American Trade deal to parliament on Wednesday, less than 24 hours ahead of a visit by U.S. Vice President Mike Pence. Prime Minister Justin Trudeau presented the bill to the House of Commons, confirming a Reuters story from Tuesday that said the legislation would officially […]

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Boeing faces SEC probe into disclosures about 737 MAX problems: Bloomberg

(Reuters) – The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday. The SEC declined to comment and Boeing was not immediately available for comment. Source: Read Full Article

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