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Feds Bullard warns of recession risk in raising rates

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The Fed in June raised rates for a second time this year, marking the seventh time it has hiked rates since late 2015. Just this week, a paper by Fed economists warned that even though there is uncertainty about estimates of the natural rate of unemployment, it's still better to set rates based on those than just wait for inflation. Read More »

USA bull market becomes longest in history

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Trump said on Twitter shortly after the closing bell. Now that interest rates have started to tick higher, the rally has continued. The S&P 500 industrial index .SPLRCI rose 0.9 percent. CURRENCY: The dollar gained to 110.80 yen from Wednesday's 110.56 yen. These issues have most recently surfaced with Turkey, which suffered a sudden drop in its currency earlier this month following USA sanctions. Read More »

Australian treasurer Scott Morrison to become new prime minister

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Christopher Pyne, the Defence industry Minister and a Turnbull ally, refused to say he who would be backing and hit out at elements inside his party. Peter Dutton took just a moment to swallow his pride on Friday just hours after losing his second attempt to become Australia's 30th Prime Minister. Read More »

SNP ministers warning over 'nightmare' no deal Brexit

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On Thursday it published the first 25 of more than 70 papers covering "no-deal" planning for sectors including financial services , medicines and nuclear materials. - NHS patients may face delays accessing innovative treatments. Organisations had hoped the Brexit papers would bring some clarity around what happens if there is no deal. Read More »

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case

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The two campaign finance violations Cohen pleaded guilty to this week stem from his role in alleged hush-money agreements with two women, Stormy Daniels and Karen McDougal , who say they had affairs with Trump. He also said Trump had been "completely cleared". In addition to his Trump and taxi work, the court papers say Cohen made $100,000 in 2014 for brokering the sale of a piece of property in a Florida aviation community and $30,000 in 2015 for brokering the sale of a Birkin bag, ... Read More »

Pope Francis meets Irish abuse victims, expresses ‘shame’

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His visit is the first by a pope to Ireland in 40 years and is aimed at showing the church understands the problems of ordinary Catholic families. Francis' trip to Ireland, the first by a pope in 39 years, has been overshadowed by renewed outrage over the Catholic Church's systemic failures to protect children, following revelations of sexual misconduct and cover-up in the USA church hierarchy, a growing crisis in Chile and the prosecutions of top clerics in Australia and France. Read More »

Donald Trump says market would ‘crash’ if he were impeached

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The jury said it was deadlocked on the 10 others. Regardless, Senator Grassley is interested in following Cohen's claim up and has reached out to Cohen's attorney, Lanny Davis . Trump's stewardship of the economy has been a rare bright spot in an administration that has otherwise lurched from crisis to scandal, bleeding staff as it goes. Read More »

US, Mexico move closer to NAFTA consensus, but key hurdles remain

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Mexican Foreign Minister Luis Videgaray, left, and Economy Minister Idelfonso Guajardo leave the Office of the United States Trade Representative Robert Lighthizer in Washington , Friday Aug.10, 2018. The report said the USA and Mexico are closing in on a bilateral deal which would lift the requirement for North American content in regionally made vehicles to at least 70% from the current 62.5%. Read More »

S&P Ties Record High

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Key US economic indicators have been solid as unemployment hit an 18-year low of 3.8 percent in May (before rising slightly ). "It's not any one of those, per se, but it's the fact that all of them are fairly used up", the chief investment strategist at Leuthold Group recently told CNBC . Read More »

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

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President TrumpDonald John TrumpArizona GOP Senate candidate defends bus tour with far-right activist Alyssa Milano protests Kavanaugh in "Handmaid's Tale" costume Bomb in deadly Yemen school bus attack was manufactured by USA firm: report MORE on Monday ramped up his criticism of Federal Reserve Chairman Jerome Powell and the central bank's interest rate hikes in an interview with Reuters . Read More »

Erdogan says Turkey will overcome economic attack

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Highlighting the increased tensions, the USA embassy in the Turkish capital Ankara came under brief gunfire early on Monday by unknown assailants in an attack condemned by Erdogan's spokesman as a bid "to create chaos". Meanwhile on Monday, six gunshots were fired at the US Embassy in Ankara , three bullets hit the iron gate and window wall. "To President Erdogan and the Turkish government, I have a message on behalf of the president of the United States of America - release Pastor ... Read More »

Fed criticism drives dollar to eight-week low against yen

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Trump has departed from this past practice and said he would not shy from future criticism should the Fed keep lifting rates. He was surprised that Powell has continued his predecessor's policy of gradually raising interest rates, according to reports . Read More »

Russian Federation vows response to latest United States sanctions

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During his visit to Washington this week, Mr. Hunt is expected to meet with Secretary of State Mike Pompeo and other senior USA officials to discuss a long list of foreign policy concerns. Russian Federation has denied any involvement in the attacks. "A country which is leaving the European Union in the framework of Brexit is trying to dictate foreign policy to the European Union itself". Read More »

Trump ‘not thrilled’ with Fed chairman over interest rate hikes

USA presidents rarely criticise the Fed , whose independence is considered essential to economic stability. Trump told Reuters in an interview on Monday that he was "not thrilled" with Jerome Powell's rate hikes and said the US central bank should do more to help him to boost the economy. Read More »

Flushing Your Contact Lenses Contributes to Water Pollution, Study Says

Study co-author Charlie Rolsky said contact lenses are different than short-use plastics like straws, plastic bags or styrofoam because they are so important to people who wear them. Halden, Rolsky and a third member of the team, Varun Kelkar, are at the Biodesign Institute's Center for Environmental Health Engineering at Arizona State University (ASU). Read More »

Turkey detains two men over shooting at U.S. embassy in Ankara

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Meanwhile, the U.S. Embassy in Turkey thanked the Turkish police and government for its efforts in nabbing the suspects. Ankara and Washington have been locked in an increasingly acrimonious diplomatic dispute over Turkey´s detention of an American pastor on terror-related charges. Read More »

Gatwick flight information screens fail

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Being in the entrance way of the departures it got incredibly busy, people were agitated, yelling for them to tell them their flight info and to get more boards for the South Terminal. The airport set up whiteboards to direct passengers to their gates because sometimes low tech is the best solution to high-tech problems. Their statement also said "tens of thousands" of people still managed to depart on time. Read More »

PepsiCo buys Israel's SodaStream for $3.2 billion

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SodaStream Chief Executive Daniel Birnbaum said the deal would open new markets to his company through PepsiCo's global distribution and marketing network, adding that the company would keep its operations in Israel. The offer represents an 11% premium to the Friday closing price of SodaStream's US -listed stock and is 32% higher than the company's 30-day volume weighted average price . Read More »

Elon Musk says 'the worst is over' for Tesla

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Tesla shares plummeted a day after an interview with CEO Elon Musk painted a picture of an exhausted leader struggling to handle one of the company's most hard periods. "The worst is over from a Tesla operational standpoint. There's a reason for the word 'stoned.' You just sit there like a stone on weed", he said. 'This has really come at the expense of seeing my kids. Read More »

Trump asks SEC to study six-month reporting system for public firms

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Some market commentators believe the pressure to meet targets every 90 days causes executives to make decisions based on short-term thinking to satisfy the market at the expense of the long-term viability of their companies . Nooyi confirmed on Friday she had made suggestions on how to encourage companies to have a more long-term view. Investor reaction to the idea was mixed. Read More »

Death toll in Italy bridge collapse rises to 42

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Doctors had described him as the most severely injured of the survivors of Tuesday's collapse of the Morandi Bridge, a key artery in Genoa. A funeral for four friends who died in the bridge collapse took place on Friday. Prosecutors say 10 to 20 people might be unaccounted-for and the death toll is expected to rise. Ilaria Caprioglio, the mayor of the nearby town of Savona, said: "Now it is the time of grief... Read More »

White House Calls On Turkey to Release American Pastor Andrew Brunson

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United States sanctions and the declining lira created panic in the markets but on the streets, many Turks appeared to support the government's retaliatory measures. Turkey is calling for the U.S.to extradite a Pennsylvania-based Muslim cleric accused engineering a 2016 coup attempt. The US has refused to extradite Fethullah Gulen, who lives in Pennsylvania. Read More »

SpaceX could fund bid to take Tesla private

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The most recent headache came from Musk's now-infamous declarations about taking Tesla private . "If there was a way that I could not eat, so I could work more , I would not eat", Elon Musk once famously told a friend. To add to Musk's troubles, his rash tweets - that even surprised the company's board and made stocks go insane before they were frozen - landed him in hot water with the U.S. Read More »

China Files Complaint to WTO Over New US Measures

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Previously, the United States took safeguard measures on imports of some photovoltaic products with additional tariffs of up to 30 percent. "The above-mentioned violations by the United States have seriously distorted the worldwide market for products such as photovoltaics and seriously damaged China's trade interests". Read More »

Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

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President Trump has repeatedly demanded that Turkey free Andrew Brunson, who has been detained on espionage and terrorism-related charges. The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a worsening commercial and political standoff with North Atlantic Treaty Organisation ally the United States. Read More »