Business

S&P 500, Nasdaq Hit Records; Dow Falls On Banks, ACA Repeal Failure

Wall Street also turned its eyes towards Washington, after two more Republican senators announced Monday that they would oppose the current Republican health care bill. Banks were pressured by diminished hopes of an interest rate hike by the Fed before the end of the year. The consumer-price-index, meanwhile, was unchanged last month.

Business

Rapper posts ransom video demanding $20K, then returns Lucky Whitehead's dog

Blitz was adopted by Whitehead back in May. "I've taken some time to collect my thoughts on this subject matter, and it's very heartbreaking to say that Blitz has been stolen from my home last Sunday", Whitehead wrote on Instagram Monday.

Business

Trump Recertifies Iran Nuclear Deal: Ways Iran Is Working Against US Interest

The White House is required to notify congress every three months on whether Iran is in compliance with the nuclear agreement. It has been a longstanding complaint that the previous administration allowed the nuclear deal to be the "tail that wags the Iran policy dog", the official said , adding that the Trump administration is determined to not repeat that mistake.

Business

Amazon or Blue Apron? Tech giant could soon deliver meal-kits — GeekWire

The Seattle-based company wants to trademark the logo "We do the prep. You be the chef", according to the U.S. Patent and Trademark Office records. The trademark describes a service that provides "prepared food kits" that can be ready-made into a meal out of the box.

Business

Fed's Yellen: Further Gradual Interest Rates Increases Likely Warranted

It would be "quite challenging" for the USA to reach the 3% growth target set by President Donald Trump , Yellen told a Senate committee today. The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth and, potentially, preparing for a pause in interest rate increases.

Business

China's economy grew 6.9% in second quarter

China's gross domestic product (GDP) for the second quarter continued its pace in the first quarter as industrial output and strong consumption lifted the country's factories. Debt-fueled investment in infrastructure and real estate has underpinned China's growth for years. Steel rebar margins were nearly 1,000 yuan ($147.77) per tonne in June, enticing mills to increase output, said Bai Jing, analyst at Galaxy Futures.


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