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US judge rejects Trump administration challenge to Illinois E-Verify law
By Daniel Wiessner Aug 20 (Reuters) - A federal judge in Chicago has dismissed a bid by the administration of Republican President Donald Trump to bar Illinois from restricting employers' use of a federal program that electronically verifies eligibility to work in the United States.U.S. Distr...Reuters
Wed, Aug 20
TREASURIES-US yields drift lower as investors brace for Fed Chair Powell's speech
Some investors see dovish tilt from Powell in Jackson Hole Fed funds futures show 83% chance of rate cut in SeptemberYield curve remains unchanged, steepening trend intactUS 20-year has mixed results, but good overallBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 20 (Reuters) - U.S. Treasury yields fe...Reuters
Wed, Aug 20
Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show
Fed minutes show 'almost all' officials preferred leaving rates unchangedLabor data supports concerns of Bowman and Waller on job marketInflation concerns persist amid Trump's tariff policiesBy Dan Burns and David Lawder WASHINGTON, Aug 20 (Reuters) - The two Federal Reserve polic...Reuters
Wed, Aug 20
QUOTES-Nasdaq drops for 2nd day as AI jitters rattle tech investors
NEW YORK, Aug 20 (Reuters) - Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st.The semiconductor index was down 1.4% .SOX, while the information technolog...Reuters
Wed, Aug 20
QUOTES-Nasdaq slides again as AI jitters rattle tech investors
NEW YORK, Aug 20 (Reuters) - Tech stocks are leading declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite is down around 2.4% over the last two days, the worst two-day fall since April.The semiconductor index was down 1.5% .SOX, while the information...Reuters
Wed, Aug 20
US retailers split on holiday prospects amid consumer caution
By Juveria Tabassum and Savyata Mishra Aug 20 (Reuters) - Mixed sales and profit forecasts from major U.S. retailers such as Target TGT.N and Home Depot HD.N have prompted investors to question if this year's crucial holiday season will yield the windfall typically associated with a year-end...Reuters
Wed, Aug 20
European bond yields dip ahead of Jackson Hole summit
Fed Chair Powell due to speak at Jackson Hole on FridayMoney markets price in quarter-point Fed rate cutAnticipate ECB will hold rates steadySpread between French and Italian 10-year yield narrowsBy Joice Alves LONDON, Aug 20 (Reuters) - Euro zone government bond yields dropped on Wednesday, movi...Reuters
Wed, Aug 20
Crude inventories see sharp decline as exports rise, EIA says
By Liz Hampton and Arathy SomasekharAug 20 (Reuters) - Crude inventories fell sharply last week amid lower imports and a jump in exports, the U.S. Energy Information Administration said on Wednesday. Crude oil stockpiles fell by 6 million barrels to 420.7 million barrels last week, the EIA said, com...Reuters
Wed, Aug 20
TREASURIES-US yields flat to slightly lower as market speculates on Fed's Powell's speech
Some investors anticipate dovish tilt from Powell at Jackson HoleFederal funds futures show 83% chance of rate cut in SeptemberYield curve remains unchanged, steepening trend intactTreasury to sell 20-year bondsBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 20 (Reuters) - U.S. Treasury yields were lit...Reuters
Wed, Aug 20
Trump may try to fire Fed's Cook, WSJ reports
Aug 20 (Reuters) - U.S President Trump has told aides he is considering attempting to fire Federal Reserve governor Lisa Cook after one of his housing officials accused her of mortgage fraud, the Wall Street Journal reported on Wednesday, citing a senior White House official and another person famil...Reuters
Wed, Aug 20
South Korea: BoK likely to stay on hold – Standard Chartered
BoK to hold the rate but it will be a close call for a cut. KTBs have been range-bound lately; a BoK terminal rate of c.2.15% is priced in for this cycle. KTB demand/supply dynamics are less favourable in the long end; CD seasonality turns negative.Fxstreet
Wed, Aug 20
Crude and gasoline inventories fall, distillates rise, EIA says
Aug 20 (Reuters) - Crude inventories fell by 6 million barrels to 420.7 million barrels last week, the U.S. Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI ...Reuters
Wed, Aug 20
US Justice Department taking referral for Fed's Cook very seriously, official says
Aug 20 (Reuters) - The U.S. Department of Justice has received the criminal investigation referral for a probe into mortgages taken out by Federal Reserve Governor Lisa Cook and is taking it very seriously, a department official told Reuters on Wednesday.U.S. Federal Housing Finance Agency Director ...Reuters
Wed, Aug 20
QUOTE BOX-Target's new CEO faces uphill task to gain investor confidence
Aug 20 (Reuters) - Target's TGT.N appointment of company veteran Michael Fiddelke as CEO did little to enthuse Wall Street analysts as they were pinning their hopes on an outsider to put the struggling retailer back on track. Shares of Target tumbled nearly 11% on Wednesday afte...Reuters
Wed, Aug 20
