CEO Stephane Richard will learn on Tuesday whether he has been convicted or cleared of misconduct in a French fraud trial.and her Washington ambassador on Monday, following the leak of confidential memos in which the diplomat called Trump's administration "uniquely dysfunctional" and "inept."despite US and NATO warnings.
Sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit weighed on consumers, a survey showed on Tuesday, according to Reuters. Average sales growth weakened to 0.6% in the 12 months to June, the British Retail Consortium, an industry group, said, the slowest increase since it began its records in 1995.
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US futures lower as Fed rate cut hopes are dashed by strong jobs dataU.S. stock futures are trading lower Monday morning as strong jobs data dampened expectations for a Fed interest rate cut. Bizzaro world
Source: CNBC - 🏆 12. / 72 Read more »
US stocks drop on lower odds for steep Fed rate cutStocks are down on Wall Street in morning trading amid growing speculation among investors that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates How can an economy be strong and the need to cut interest rates exist? Im afraid if we get another recession It’s almost as if they know that a down market increases the likelihood of a rate cut, which then leads to a bigger bump in stock prices. A skeptical, critically thinking individual may think they’re gaming the system. But, of course, Wall Street wouldn’t do that.
Source: ABC - 🏆 471. / 51 Read more »
Now hiring for a Trump-branded Fed: GOP flip-floppers on ratesThe president has one key quality in mind in filling out the central bank: a willingness to cut interest rates in a strong economy, violating years of GOP orthodoxy. Well. If he can't find flip flops theres always sandals, crocs or trainers. Suffice to say, and as usual, Republicans have no idea what they're doing. Hey Trump: NO ONE RAISES RATES IN A STRONG ECONOMY. That's how you crash the economy. And he'll find them, too. The only economic model Republicans follow is the 'sabotage Democratic presidents.' Beyond that, it only matters if the rich get richer in the short term.
Source: politico - 🏆 381. / 59 Read more »