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RPT-US single-family housing starts, permits decline in June
WASHINGTON, July 18 (Reuters) - U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter.Single-family housing starts, whi...Reuters
Fri, Jul 18
US single-family housing starts, permits decline in June
WASHINGTON, July 18 (Reuters) - U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter.Single-family housing starts, whi...Reuters
Fri, Jul 18
Fed's Waller says would accept job as chair if Trump asks, but so far no contact
WASHINGTON, July 18 (Reuters) - Federal Reserve governor Chris Waller said he would accept the job as Fed chair if asked by President Donald Trump, but so far the president has not contacted him about it."In 2019 the president contacted me and said, 'Would you serve?' And I said yes,"...Reuters
Fri, Jul 18
Mexico's economy grew 1.3% y/y in June, preliminary estimate shows
MEXICO CITY, July 18 (Reuters) - Mexico's economy likely expanded 1.3% in June from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Friday.Compared with the previous month, activity was likely slightly up 0.2%, the agency added.Reuters
Fri, Jul 18
Before the July FOMC: Fed Officials Remain Divided — Is Tariff-Driven Inflation or Labor Market Weakness the Bigger Threat?
TradingKey - While the Federal Reserve is widely expected to hold rates steady at its July 30 meeting, internal disagreements among policymakers over the tariff impact on inflation and the deteriorating labor market remain unresolved. As the meeting approaches, hawks and doves are still locked inTradingKey
Fri, Jul 18
REFILE-American Express surpasses profit expectations on robust spending
July 18 (Reuters) - American Express AXP.N exceeded estimates for second-quarter profit on Friday, fueled by resilient spending by its affluent cardholders.The beat underscores how the credit card giant's focus on wealthy customers has helped insulate it from the effects of waning consumer confi...Reuters
Fri, Jul 18
Trump blames Federal Reserve board on Powell, interest rates
WASHINGTON, July 18 (Reuters) - U.S. President Donald Trump on Friday blamed U.S. Federal Reserve officials as he reiterated his criticisms of Fed Chair Jerome Powell and again called for lower interest rates."And the Fed Board has done nothing to stop this 'numbskull' from hurting so ma...Reuters
Fri, Jul 18
3M lifts 2025 profit forecast on cost-cutting, margin expansion efforts
July 18 (Reuters) - Industrial giant 3M MMM.N on Friday raised its full-year profit forecast, as cost-cutting measures and efforts to focus on high-margin products are paying off. The industrial giant now expects a full-year adjusted profit between $7.75 and $8 per share, compared with $7.60 to $7.9...Reuters
Fri, Jul 18
Economists urge Chinese local govts to target consumption to drive growth
Economists suggest officials boost consumption, disposable incomeOld drivers of infrastructure, land sales face constraintsDeflation continues to weigh on economyBy Ellen Zhang and Kevin Yao BEIJING, July 18 (Reuters) - Chinese economists urged local governments to focus on consumption to support...Reuters
Fri, Jul 18
Tariff agreement with US will be 'asymmetrical,' says Germany's Merz
BERLIN, July 18 (Reuters) - Any tariff agreement between the United States and the European Union will be "asymmetrical," German Chancellor Friedrich Merz said on Friday."If the service sector were included, the trade balance between America and Europe would look very different - but the...Reuters
Fri, Jul 18
