U.S. consumer prices rise solidly, but underlying trend tame

WASHINGTON (Reuters) – U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. The mixed report from the Labor Department on Wednesday was broadly supportive of the Federal Reserve’s decision last month to suspended its three-year campaign to raise interest rates. The U.S. central […]

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Stocks rise on trade optimism, pound strengthens

NEW YORK (Reuters) – Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European Union. U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested […]

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U.S. weekly jobless claims point to strong labor market

WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further ease concerns about the economy’s health. The report from the Labor Department on Thursday followed data last week showing employers hired the most workers in 10 months in December and increased wages for […]

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U.S. weekly jobless claims point to strong labor market

WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further ease concerns about the economy’s health. The report from the Labor Department on Thursday followed data last week showing employers hired the most workers in 10 months in December and increased wages for […]

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Tech stocks pull Wall St. lower, offseting jobs data bump

(Reuters) – A drop in technology stocks weighed on Wall Street on Friday, offseting strong oil prices and a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes without fanning fears of an economic slowdown. Nonfarm payrolls increased by 155,000 last month, but missed economists expectation of 200,000, a Labor Department report showed. […]

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Trump considering U.S. State Department spokeswoman for U.N. ambassador

WASHINGTON (Reuters) – President Donald Trump on Thursday said he was seriously considering naming U.S. State Department spokeswoman Heather Nauert to succeed Nikki Haley as U.S. ambassador to the United Nations, adding he would make a decision on the posting soon. “She is under very serious consideration,” Trump told reporters at the White House after announcing planned changes to U.S. […]

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State Department spokeswoman Nauert offered U.S. ambassador to U.N. job: ABC News

WASHINGTON (Reuters) – U.S. State Department spokeswoman Heather Nauert has been offered the job of U.S. ambassador to the United Nations, ABC News reported on Thursday, citing an unnamed senior White House official. ABC News said it was not clear Nauert had agreed to accept the nomination from President Donald Trump. A source familiar with the selection process told Reuters […]

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