News
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US court skeptical of ruling that reinstated thousands of federal workers
By Daniel Wiessner Aug 19 (Reuters) - Judges on a U.S. appeals court panel on Tuesday said a lower court judge who ordered the administration of President Donald Trump to reinstate 17,000 fired federal workers likely lacked the ability to hear the case at all.A three-judge 9th U.S. Circuit Court ...Reuters
Tue, Aug 19
TREASURIES-US yields recede as investors prep for Fed outlook at Jackson Hole event
Investors await Fed Chair Powell's speech at Jackson HoleUS housing starts send mixed signalsRate futures market shows 85% chance of Fed easing in SeptemberBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 19 (Reuters) - U.S. Treasury yields slipped on Tuesday, after those on most maturities rose for...Reuters
Tue, Aug 19
PREVIEW-Walmart's earnings report will test investor confidence in US market
Walmart's stock up 37% over past year, outperforming S&P 500July retail sales data boosts investor optimismAnalysts expect cautious tone due to tariff impactsBy Siddharth Cavale NEW YORK, Aug 19 (Reuters) - Investors expect Walmart's WMT.N management to strike a cautious tone on custo...Reuters
Tue, Aug 19
Bessent says US tariff revenues to rise 'substantially,' focus on reducing debt
Bessent says he and Trump 'laser-focused' on reducing debt Rebates for Americans would come later, Bessent saysCut in interest rates could reduce housing inflation later, Bessent says By Andrea Shalal WASHINGTON, Aug 19 (Reuters) - U.S. Treasury Secretary Scott Bessent said he expects a b...Reuters
Tue, Aug 19
India plans to ban online games played with money, citing addiction risks
By Aftab Ahmed and Aditya Kalra NEW DELHI, Aug 19 (Reuters) - India's government plans to ban online games played with money, a proposed bill showed on Tuesday, in what would be a heavy blow for an industry that has attracted billions of dollars of foreign investment.Citing psychological and ...Reuters
Tue, Aug 19
TREASURIES-US yields pull back as investors await Fed outlook at Jackson Hole event
Investors await Fed Chair Powell's speech at Jackson HoleUS housing starts send mixed signalsRate futures market shows 84% chance of Fed easing in SeptemberBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 19 (Reuters) - U.S. Treasury yields slipped on Tuesday, in rangebound trading overall, as inves...Reuters
Tue, Aug 19
Canada's annual inflation rate eases to 1.7% in July boosting some hopes of rate cut
Drop in inflation rate aided by lower gasoline pricesFall in CPI rate offset partly by food, shelter costsShare of CPI basket above 3% is at 37.3%, StatsCan saidBy Promit MukherjeeOTTAWA, Aug 19 (Reuters) - Canada's annual inflation rate eased to 1.7% in July from 1.9% in the prior month as lowe...Reuters
Tue, Aug 19
US housing starts tick higher in July, led by apartment construction
Single-family housing starts rise 2.8% in July, Census Bureau reportsThirty-year fixed-rate mortgages hit lowest level since October, according to Freddie MacResidential investment contracts, impacting US economic outputBy Dan Burns Aug 19 (Reuters) - Groundbreaking for new U.S. single-family hom...Reuters
Tue, Aug 19
US Treasury chief Bessent accuses India of profiteering on Russian oil purchases
By Andrea Shalal WASHINGTON, Aug 19 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.Bessent told CNBC in an interview th...Reuters
Tue, Aug 19
Foreign investors stock up on euro zone debt in June
FRANKFURT, Aug 19 (Reuters) - Foreign investors added to their stock of euro zone debt in June, European Central Bank data showed on Tuesday, in a tentative sign the bloc was becoming more popular at a time of financial upheaval in the United States.The ECB has talked up the euro's prospect as a...Reuters
Tue, Aug 19
INSTANT VIEW-Canada's annual inflation rate eases to 1.7% in July
TORONTO, Aug 19 (Reuters) - Canada's annual inflation fell to 1.7% in July from 1.9% in the prior month as lower year-on-year gasoline prices kept the consumer price index low, data showed on Tuesday. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/daily-quotidien/250819/dq2508...Reuters
Tue, Aug 19
US single-family starts, permits rise in July
By Dan Burns Aug 19 (Reuters) - Groundbreaking for new U.S. single-family homes and permits for future construction rose in July even as high mortgage rates and economic uncertainty continued to hamper home purchases.Single-family housing starts, which account for the bulk of homebuilding, increa...Reuters
Tue, Aug 19
