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News
China’s Beijing further relaxes home-buying curbs in property boost bid
4+ hour, 37+ min ago (260+ words) BEIJING, Aug 7 (Reuters) – Beijing’s municipal authorities announced on Friday further measures to relax home-buying curbs as they try to prop up flailing home prices in the Chinese capital. China’s housing market slump, now in its fifth year, has been constraining…...
Morning Bid: Hoping for a clean and tidy jobs report
4+ hour, 37+ min ago (371+ words) A look at the day ahead in European and global markets from Stella Qiu Markets are mostly in a holding pattern as traders stayed on the sidelines ahead of the U.S. payrolls report which is getting notoriously difficult to predict month…...
US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%
4+ hour, 37+ min ago (718+ words) WASHINGTON, Aug 7 (Reuters) – U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation. The Labor Department’s closely watched employment report on Friday is…...
Airbnb hits four-year high as investors cheer revenue forecast raise, AI payoff | 92.7 The Van WYVN | Holland's Classic Hits
4+ hour, 37+ min ago (380+ words) Aug 7 (Reuters) – Airbnb shares surged 14% to a more-than-four-year high on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over the fallout on global travel demand from the conflict in the Middle East. As the war in Iran…...
De La Espriella to take office as Colombia president on pledges of security crackdown
4+ hour, 19+ min ago (628+ words) By Julia Symmes Cobb BOGOTA, Aug 7 (Reuters) – Right-wing lawyer Abelardo De La Espriella is set to be sworn in as Colombia’s new president on Friday after pledging a hard line on security, drug trafficking and the economy. De La Espriella,…...
Analysis-Jobs report will offer fresh test of Fed Chairman Warsh’s less-guidance stance
4+ hour, 22+ min ago (781+ words) Aug 7 (Reuters) – Federal Reserve Chairman Kevin Warsh wants the bond market to take the wheel, contending it should do more of the work of setting the price of money in America. The latest response to this question will come on…...
Inflation data to test record-setting US stocks, Fed rate views
4+ hour, 36+ min ago (770+ words) NEW YORK, Aug 7 (Reuters) – A sharp technology-led rally that has lifted the U.S. stock market to record peaks will be tested next week by fresh inflation data, which could build the case for the Federal Reserve to raise interest rates....
Trump signs orders to limit US birthright citizenship, despite Supreme Court ruling
17+ hour, 43+ min ago (784+ words) By Kristina Cooke and Andrew Chung Aug 6 (Reuters) – U.S. President Donald Trump signed two executive orders on Thursday in a new but narrower attempt to curtail birthright citizenship, renewing his challenge to a provision of the U.S. Constitution after the…...
Pacific ministers fail to agree on China missile response
17+ hour, 43+ min ago (372+ words) SUVA, Fiji, Aug 7 (Reuters) – Pacific Island foreign ministers failed to agree on Friday to a joint response to China’s missile launch in July, with further discussions expected at the Pacific leaders meeting at the end of August, New Zealand’s foreign…...
US scrutinizes more schools over admissions practices, diversity and pro-Palestinian protests
17+ hour, 43+ min ago (465+ words) WASHINGTON, Aug 6 (Reuters) – President Donald Trump’s administration targeted more universities on Thursday over issues like race and diversity in admissions and pro-Palestinian protests, marking the federal government’s latest crackdown against U.S. schools. The Department of Justice alleged admissions practices…...