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Wall Street sinks as hopes fade for rate cuts, trade progress

3 hours ago DieselGasoil Comments Off on Wall Street sinks as hopes fade for rate cuts, trade progress
NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

Fed pushes back on aggressive U.S. rate cut views

3 hours ago DieselGasoil Comments Off on Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome Powell defended the central bank’s independence from President Donald Trump and financial markets, Read More

Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)

4 hours ago DieselGasoil Comments Off on Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)
Palestinians in the Israeli-occupied West Bank marched and clashed with police to protest a US-brokered conference in Bahrain, where business delegations from the Middle East and beyond discuss Washington’s plan for Palestine. Thousands took to the streets to condemn the conference, which began in the city of Manama on Tuesday with a workshop dubbed ‘Peace Read More

Powell says Fed insulated from politics, wrestling with rate cuts

4 hours ago DieselGasoil Comments Off on Powell says Fed insulated from politics, wrestling with rate cuts
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

5 hours ago DieselGasoil Comments Off on Wall Street drops on trade worries, Fed Chair Powell’s speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING

6 hours ago DieselGasoil Comments Off on Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING
Washington’s fuzzy and high-drama “maximum pressure” approach to Iran has no realistic endgame – but is good for making the world a more unstable place for both America’s adversaries and allies. National Security Advisor John Bolton’s Tuesday claim that US diplomats are “surging” across the Middle East in search of a “path to peace” only Read More

Wall St. sinks on trade jitters ahead of Powell speech

7 hours ago DieselGasoil Comments Off on Wall St. sinks on trade jitters ahead of Powell speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

India to ‘make clear’ to US that S-400 deal with Moscow ‘can’t be wished away’ – report

7 hours ago DieselGasoil Comments Off on India to ‘make clear’ to US that S-400 deal with Moscow ‘can’t be wished away’ – report
New Delhi plans to convince the US to grant it a waiver on buying the S-400 air defense missile systems from Moscow, a report says. “We have a longstanding defense relationship with Russia we cannot wish away,” a diplomatic source told NDTV ahead of US Secretary of State Mike Pompeo’s visit to New Delhi on Read More

Gold soars to six-year high as trade, Iran tensions mount

10 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, Iran tensions mount
LONDON (Reuters) – Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar. FILE PHOTO: The German share price index DAX graph is pictured Read More