Breaking Stock Market and Financial News

Israeli forces raid home of Palestinian attacker, arrest brother

Top Reuters News - Sat, 07/22/2017 - 05:25
JERUSALEM (Reuters) - Israeli security forces on Saturday raided the home of the Palestinian attacker who stabbed to death three Israelis and restricted movement for Palestinians from his West Bank village, the military said.

Iraqi bridge is sole link for Mosul residents rebuilding lives

Top Reuters News - Sat, 07/22/2017 - 02:55
MOSUL, Iraq (Reuters) - On a pontoon bridge connecting East and West Mosul, residents of a city shattered by the battle to expel Islamic State cross back and forth trying to rebuild their lives from the rubble.

Trump's new hire Scaramucci makes conciliatory debut with media

Top Reuters News - Fri, 07/21/2017 - 23:41
WASHINGTON (Reuters) - If President Donald Trump, who refers to the media as "fake news," wants his staff to use a more conciliatory approach with journalists, new communications director Anthony Scaramucci may be implementing such a shift - for now.

Senate rule deals setback to Republican healthcare bill

Top Reuters News - Fri, 07/21/2017 - 20:50
(Reuters) - Republicans in the U.S. Senate were dealt another blow in their effort to repeal Obamacare on Friday when the keeper of the Senate's rules said certain provisions in their healthcare bill, such as defunding Planned Parenthood, could not be included.

Minneapolis police chief resigns after Australian woman's shooting

Top Reuters News - Fri, 07/21/2017 - 20:41
(Reuters) - Minneapolis police chief Janee Harteau resigned on Friday at the request of the city's mayor, who said that she had lost confidence in Harteau following the fatal police shooting of an unarmed Australian woman.

Russian envoy overheard saying he discussed campaign with Sessions: Post

Top Reuters News - Fri, 07/21/2017 - 20:40
WASHINGTON (Reuters) - Russia's ambassador to Washington was overheard by U.S. spy agencies telling his bosses that he had discussed campaign-related matters, including issues important to Moscow, with Jeff Sessions during the 2016 presidential race, the Washington Post reported on Friday, citing current and former U.S. officials.

Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

Top Reuters News - Fri, 07/21/2017 - 20:36
HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.

Trump warns of 'serious consequences' unless Iran releases detained Americans: White House

Top Reuters News - Fri, 07/21/2017 - 18:02
WASHINGTON (Reuters) - U.S. President Donald Trump warned that Iran would face "new and serious consequences" unless all unjustly detained American citizens are released and returned, the White House said in a statement on Friday.

Qatar's ruler says time to resolve differences in talks

Top Reuters News - Fri, 07/21/2017 - 17:48
DOHA (Reuters) - Qatar's emir called on Friday for dialogue to resolve a political crisis pitting his country against four Arab states, saying any talks must respect national sovereignty, but the call was unlikely to end the rift.

Six dead in worst Israeli-Palestinian bloodshed for years

Top Reuters News - Fri, 07/21/2017 - 17:22
JERUSALEM (Reuters) - Six people were killed on Friday in the bloodiest spate of Israeli-Palestinian violence for years, prompted by new security Israeli measures at Jerusalem's holiest site.

Trump administration seeks to sidestep border wall environmental study: sources

Top Reuters News - Fri, 07/21/2017 - 17:12
NEW YORK (Reuters) - The U.S. Customs and Border Patrol plans to use a 2005 anti-terror law to sidestep an environmental impact study for a section of President Donald Trump's border wall that will pass through a Texas national refuge for endangered ocelots, according to two government sources familiar with the matter.

Wall Street's 'fear gauge'--the VIX--just logged its second-lowest close in history

MarketWatch Market Pulse - Fri, 07/21/2017 - 17:06

One measure of fear on Wall Street on Friday booked its second-lowest finish ever, according to FactSet data. The CBOE Volatility Index, or VIX, wrapped up the session down 2.3% at 9.36, marking the lowest close since the so-called "fear gauge" ended at 9.31 in December 1993 at 9.31. The gauge flirted with the lowest reading in history at 9.30, before bucking up a touch. The VIX is based on options contracts on the S&P 500 30-days in the future. The metric's historical average is 20 and it has continued to mostly slump in 2017, with the majority of its readings below 10 being put in this year, as stocks have reached repeated records since President Donald Trump's Election Day victory in November. That dynamic, lower readings for VIX and elevated stock prices, have suggested to market participants that investors are becoming increasingly complacent. Friday's VIX slide came as many major equity benchmarks closed lower, but not far from records, including the Dow Jones Industrial Average , the S&P 500 index , and the Nasdaq Composite Index , which all finished less than 1% shy of all-time closing highs.

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U.S. to drop charges against ex-J.P. Morgan traders in London Whale case

MarketWatch Market Pulse - Fri, 07/21/2017 - 16:41

The U.S. government on Friday dropped charges against two former derivatives traders at J.P. Morgan Chase & Co. --Javier Martin-Artajo and Julien Groupt--in the London Whale case, according to a statement from the U.S. Attorney for the Southern District of New York. The U.S. decided not to pursue the charges after it determined that it can no longer rely on the testimony of Bruno Iksil, a former colleague of the defendants. Iksil was one of the several at J.P. Morgan that were involved in a trading debacle that resulted in over $6 billion in losses for the bank. London Whale was a nickname given to Iksil by his competitors.

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Exclusive: U.S. immigration raids to target teenaged suspected gang members

Top Reuters News - Fri, 07/21/2017 - 16:31
WASHINGTON (Reuters) - U.S. immigration agents are planning nationwide raids next week to arrest, among others, teenagers who entered the country without guardians and are suspected gang members, in a widening of President Donald Trump's crackdown on illegal immigrants.

U.S. stocks close lower as shaky GE outlook ends week

MarketWatch Market Pulse - Fri, 07/21/2017 - 16:07

U.S. stocks closed lower Friday, with the Dow industrials finishing lower for the week, as General Electric Co.'s outlook cast a cloud over earnings season, which is just getting started. The Dow Jones Industrial Average fell 31.71 points, or 0.2%, to close at 21,580.07, with shares of GE falling 2.9% and shares of Chevron Corp. and Goldman Sachs Group Inc. helping to lead blue chips lower. For the week, the Dow finished 0.3% lower, snapping a two-week win streak. The S&P 500 index declined 0.91 point to close at 2,472.54, with five out of 11 sectors finishing lower, led by declines in energy and industrials. The index logged a 0.5% gain for the week, for a third week of gains. The Nasdaq Composite Index closed down 2.25 points at 6,387.75. The tech-heavy index finished up 1.2% for the week for a third week of gains.

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Democrats in U.S. Congress urge review of Amazon's Whole Foods deal

Top Reuters News - Fri, 07/21/2017 - 15:25
WASHINGTON (Reuters) - A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Inc's plan to buy grocer Whole Foods Market Inc.

Venezuela opposition congress names alternative Supreme Court judges

Top Reuters News - Fri, 07/21/2017 - 15:15
CARACAS (Reuters) - Venezuela's opposition-led congress on Friday appointed alternative judges to the country's Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Nicolas Maduro.

San Francisco seeks court order to force Uber, Lyft to disclose records

MarketWatch Market Pulse - Fri, 07/21/2017 - 14:38

San Francisco City Attorney Dennis Herrera said Friday his office is seeking a court order to force ride-hailing companies Lyft and Uber to comply with the office's subpoenas, filed in June, that seek records on the companies' driving practices, disability access, and services in the city. Petitions in the San Francisco Superior Court "are aimed at ensuring Uber and Lyft's estimated 45,000 drivers in San Francisco do not create a public nuisance," according to a statement. The companies were given "multiple opportunities" to comply with subpoenas but haven't done so. Lyft wanted "unreasonable provisions" to comply and Uber objected to the subpoenas and refused to produce documents or data, according to the statement.

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India to quiz Philip Morris on marketing of Marlboro

Top Reuters News - Fri, 07/21/2017 - 14:33
NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.

Gold marks highest settlement in a month, up over 2% for the week

MarketWatch Market Pulse - Fri, 07/21/2017 - 13:48

Gold prices settled Friday at their highest level in four weeks, with investment demand for the precious metal getting a boost from turmoil in the White House and weakness in the U.S. dollar. August gold added $9.40, or 0.8%, to settle at $1,254.90 an ounce. Prices stretched their streak of gains to a sixth-straight session, tallying a climb of about 2.2% for the week.

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