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US household wealth eked out record high in fourth quarter on stock gains
March 13 (Reuters) - U.S. household wealth eked out a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks.The net worth of households and non-profit groups rose about $200 billion ...Reuters
Thu, Mar 13
WRAPUP 2-US producer inflation, labor market stable ahead of tariff turbulence
Producer price index unchanged in FebruaryProducer inflation increases 3.2% year-on-yearWeekly jobless claims fall 2,000 to 220,000Continuing claims decline 27,000 to 1.870 millionBy Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. producer prices were unchanged in February for the first time...Reuters
Thu, Mar 13
US stock market pushed household wealth to record high in fourth quarter
March 13 (Reuters) - U.S. household wealth rose to a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks.The net worth of households and non-profit groups rose to $169.4 trillion i...Reuters
Thu, Mar 13
Israel to ease import regulations for US goods
By Steven ScheerJERUSALEM, March 13 (Reuters) - Israel on Thursday further softened regulations on imports to make it easier for goods from the United States to enter the country, aiming partly to lower the cost of living.Until last year, all goods entering Israeli seaports needed to be checked by l...Reuters
Thu, Mar 13
Nigeria's lower house of parliament passes tax reform bills, with some tweaks
ABUJA, March 13 (Reuters) - Nigeria's lower house of parliament passed four tax reform bills proposed by President Bola Tinubu on Thursday, marking progress in the government's efforts to overhaul the country's tax system, but several proposed measures were watered down.Nigeria, Africa&#...Reuters
Thu, Mar 13
US Treasury Secretary Bessent: Maybe inflation is getting under control.
US Treasury Secretary Scott Bessent his the wires on Thursday, touching on a variety of subjects during an interview on CNBC's "Squawk on the Street" segment, shrugging off a multi-week decline in US equity indexes as "recent volatility".Fxstreet
Thu, Mar 13
US President Trump shifts tariff focus on EU, vows steep import fees on EU wine
After flubbing his planned doubling of tariffs on Canada, which saw Canada poised to lash back with stiff increases in the cost of energy exported from the province of Ontario to the US, US President Donald Trump is shifting his tariff focus to the European Union, but maintaining the same playbook.Fxstreet
Thu, Mar 13
Brazil services activity down more than expected in January
SAO PAULO, March 13 (Reuters) - Brazil's services sector fell slightly more than expected in January, data from statistics agency IBGE showed on Thursday, in the latest indication economic activity is slowing.Service sector activity, the main driver of Latin America's largest economy, was do...Reuters
Thu, Mar 13
TREASURIES-Yields rise as trade war escalates, raising inflation fears
Fears of inflation send yields higher as tariffs implementedProducer prices unexpectedly unchanged in FebruaryTreasury to sell $22 bln in 30-year bonds By Karen Brettell NEW YORK, March 13 (Reuters) - U.S. Treasury yields rose on Thursday on concerns about the potential for higher inflation as a ...Reuters
Thu, Mar 13
TREASURIES-Yields rise as trade war escalates, raising inflation fears
Fears of inflation send yields higher as tariffs implementedProducer prices unexpectedly unchanged in FebruaryTreasury to sell $22 bln in 30-year bonds By Karen Brettell March 13 (Reuters) - U.S. Treasury yields rose on Thursday on concerns about the potential for higher inflation as a war over t...Reuters
Thu, Mar 13
Fed seen on course for June start to 2025 rate cuts after data
March 13 (Reuters) - The Federal Reserve is seen restarting interest-rate cuts in June, traders bet on Tuesday, as government data showed U.S. producer prices were unexpectedly flat last month and weekly jobless claims fell.Short-term interest-rate futures after the data were pricing about a 75% cha...Reuters
Thu, Mar 13
US weekly jobless claims fall amid labor market stability
WASHINGTON, March 13 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability.Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjus...Reuters
Thu, Mar 13
