Wednesday 21 August 2019

Daily Investor Update: House panel opens probe into e-cigarette firms

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House panel opens probe into e-cigarette firms

The U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms' research into the public health impacts, marketing practices and promotion of their use by adolescents.

Mexico and U.S. reach deal to end tomato tariff dispute

Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.

Stocks rise with focus on stimulus; U.S. yield curve flat

A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.

Trump: 'I am the chosen one' to take on China over trade

U.S. President Donald Trump on Wednesday said he was "the chosen one" to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020.

U.S. home sales rise, boosted by lower mortgage rates

U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy.

First-time U.S. home buyers face supply struggle as rates fall

Mortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.

Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts

The Federal Reserve debated cutting interest rates more aggressively at its last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.

Instant View: July FOMC minutes - 25 basis points cut seen as a mid-cycle adjustment

The Federal Reserve debated cutting interest rates more aggressively at its July meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, minutes showed.

Target, Lowe's results boost Wall Street; stocks hold gains after Fed minutes

Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and stocks held gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut.

Trade woes are slowing U.S. economy, U.S. budget experts say

Higher trade barriers, including President Donald Trump's tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.

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