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U.S. housing starts near 1-1/2-year low; factory output rebounds

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U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

Asia shares mixed, China cuts rates as data disappoints

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on … Read more

China unexpectedly cuts 2 key rates, withdraws cash from banking system

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China unexpectedly cuts 2 key rates, withdraws cash from banking system

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from … Read more

S&P 500, Nasdaq close up 4th straight week as optimism grows

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S&P 500, Nasdaq close up 4th straight week as optimism grows

Nasdaq, S&P 500 post longest weekly win streaks since November S&P 500 recovers 50% of bear market losses S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market … Read more

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 … Read more

China’s factory inflation hits 17-month low, consumer prices speed up

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China’s factory inflation hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

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Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron falls on lowered revenue forecast Semiconductor stocks drop for third session Novavax tumbles after cutting revenue view by half NEW YORK, Aug 9 (Reuters) – The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await U.S. inflation data that could lead … Read more

Cryptoverse: Blockchain bridges fall into troubled waters

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Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last … Read more

Wall Street closes little changed on Fed policy fears

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Wall Street closes little changed on Fed policy fears

Auto stocks up on Senate approval of bill with EV funding Nvidia slides as slump in gaming demand hits Q2 revenue Dow closes up 0.09%, Nasdaq down 0.1%, S&P 500 0.12% Aug 8 (Reuters) – Wall Street closed mostly flat on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack … Read more

World shares bounce after U.S. jobs report sell-off

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World shares bounce after U.S. jobs report sell-off

Euro STOXX gains 0.8% Wall Street set to gain Markets narrow odds on 75 bp hike ahead of U.S. CPI Dollar falls Oil recoups early losses, tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Shares gained ground on Monday, recovering their footing after a strong U.S. jobs report last week bolstered the case for more … Read more