Can the Bond Market’s Message Get Any Clearer? – Bloomberg

The divide between the Federal Reserve and the bond market is getting wider by the day. Policy makers discount the recent weakening trend in inflation as fleeting, expecting the tight labor market will soon unleash animal spirits among consumers in the form of spending. “It’s important not to overreact to a few readings, and data [...]

US jobless claims fall 8000 to 237000 – MarketWatch

Getty Images Americans are hard at work and in many fields such as construction it’s hard to find qualified employees. That’s why companies aren’t laying off many employees. The number of Americans applying for and receiving benefits after losing their jobs keeps [...]

China insurance mogul tied to Kushner reportedly detained – CBS News

BEIJING — The Chinese insurer that owns New York City’s Waldorf Astoria Hotel said Wednesday its chairman is “temporary unable to perform his duties” amid reports he had been detained by regulators.  Anbang Insurance Group chairman Wu Xiaohui, who had tried to create a business relationship with President Trump’s son-in-law, has turned over his duties [...]

Drop in US Retail Sales Signals Uneven Consumer Spending – Bloomberg

U.S. retail sales fell in May by the most since the start of 2016, reflecting broad declines in categories including motor vehicles and electronics, Commerce Department figures showed Wednesday. Key Takeaways The May figures highlight a cautious consumer. While the value of gasoline service-station receipts dropped the most since February 2016 and weighed on overall [...]

What to Expect in the Federal Reserve’s Interest Rate Announcement Wednesday – Fortune

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m [...]

The Finance 202: Treasury’s rollback of financial rules does not totally gut Dodd-Frank – Washington Post

THE TICKER Treasury Secretary Steven Mnuchin. (Reuters/Patrick Doyle) The Treasury Department is calling for a sweeping rollback of the rules governing the finance industry in a long-anticipated report it released Monday night.  The report, reflecting months of consultations with industry and other stakeholders, calls for streamlining rules to ease regulatory burdens on Wall Street powerhouses and [...]

Jeffrey Immelt Set to Retire as General Electric Chief – New York Times

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Morning Agenda: Time for a Break for Travis Kalanick? – New York Times

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London-bound flight evacuated over ‘terror-related’ talk; 3 Brits arrested – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. London-bound flight evacuated over ‘terror-related’ talk; 3 Brits arrested – CNN

Tons of prepared foods recalled for potential milk contamination – MassLive.com

Dave Canton | dcanton@repub.com  Several million pounds of prepared foods from well over a dozen manufacturers have been recalled by the USDA Food Safety and Inspection Services after one or more suppliers of bread crumbs may have allowed milk products to be added without proper labeling. The products listed were sold in many states across [...]

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