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Divided Fed set to cut interest rates this week, but then what?

16 hours ago DieselGasoil Comments Off on Divided Fed set to cut interest rates this week, but then what?
SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Read More

Wall Street set to open slightly lower as Fed policy meeting looms

17 hours ago DieselGasoil Comments Off on Wall Street set to open slightly lower as Fed policy meeting looms
(Reuters) – Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, Read More

Futures tick lower as Fed policy meeting looms

18 hours ago DieselGasoil Comments Off on Futures tick lower as Fed policy meeting looms
(Reuters) – U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia’s main oil refinery to the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street

1 day ago DieselGasoil Comments Off on JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street
Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department, which appears to be signaling a crackdown. Current and former JP Morgan precious metals traders Gregg Smith, Michael Nowak, and Christopher Jordan engaged in “a massive, multiyear scheme to manipulate Read More

U.S. utilities file legal challenge to Trump power plant rule

1 day ago DieselGasoil Comments Off on U.S. utilities file legal challenge to Trump power plant rule
FILE PHOTO: Steam rises from the coal-fired Jim Bridger power plant outside Rock Springs, Wyoming, U.S. April 5, 2017. REUTERS/Jim Urquhart (Reuters) – Con Edison and eight other U.S. utilities mostly from Democratic-led states have filed a legal challenge to the Trump administration’s plan to cut carbon emissions from power plants, which replaces a much Read More

Exclusive: Cities to step up at U.N. to push climate fight, sustainable development

1 day ago DieselGasoil Comments Off on Exclusive: Cities to step up at U.N. to push climate fight, sustainable development
UNITED NATIONS (Reuters) – As some world leaders question whether the world is facing a climate emergency, more than a dozen cities are stepping up to tackle global warming and sustainable development and will next week pledge to report their progress to the United Nations. People take part in a bicycle demonstration on a highway Read More

Workers picket GM plants as UAW contract talks resume

2 days ago DieselGasoil Comments Off on Workers picket GM plants as UAW contract talks resume
DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

Paris’ justice minister backs accepting Snowden, who floats taking refuge in France

2 days ago DieselGasoil Comments Off on Paris’ justice minister backs accepting Snowden, who floats taking refuge in France
Shortly after Edward Snowden flagged France as a place where he would want to live, the country’s justice minister said she personally supports granting asylum to the renowned whistleblower still in exile in Russia. Justice Minister Nicole Belloubet said France should stick “to our strong principles on immigration,” meaning that “we must accept asylum seekers,” Read More

UAW workers head for picket lines in first national strike against GM since 2007

2 days ago DieselGasoil Comments Off on UAW workers head for picket lines in first national strike against GM since 2007
DETROIT/WASHINGTON (Reuters) – The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday. U.S. labor contract talks reached an impasse on Sunday, the and the UAW called for Read More

Trump faces tough choices after blaming Iran for Saudi oil attack

2 days ago DieselGasoil Comments Off on Trump faces tough choices after blaming Iran for Saudi oil attack
By Jordan Fabian, Nick Wadhams, David Wainer and Glen Carey on 9/15/2019 WASHINGTON (Bloomberg) – The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who Read More