Wednesday 21 August 2019

Farmer's threat prompts USDA to pull staff from crop tour

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Farmer's threat prompts USDA to pull staff from crop tour

The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer.

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

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.

Nordstrom misses quarterly revenue estimates

Department store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores.

Fannie Mae names former FDIC chair Sheila Bair to board

U.S. mortgage financing agency Fannie Mae said on Wednesday it named former Federal Deposit Insurance Corp chair Sheila Bair to its board.

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump.

Target shares surge on same-day delivery boost

Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher.

Wall Street rises as Target, Lowe's results point to consumer confidence

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

San Francisco crowdfunder Kiva sets up Sierra Leone credit database

Kiva, a San Francisco-based tech charity, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.

E-cigarette firms probed over health concerns by U.S. House panel

Four dominant e-cigarette manufacturers face a probe into the health impacts of their products, as the U.S. House Energy and Commerce Committee asked on Wednesday about the firms' research and marketing practices.

Ryanair fails to stop UK pilots' strike but wins case in Ireland

An Irish court granted an injunction on Wednesday to prevent Ryanair's Dublin-based pilots from going on strike, but the airline suffered a setback hours later when a London court rejected a similar application for its British pilots.

Illinois corn yields seen below average but improve as tour scouts go West

Corn farmers in west-central Illinois are facing potentially smaller corn yields this fall in what has been a challenging growing season after extreme weather and heavy rains delayed plantings across much of the U.S. Midwest, scouts on an annual tour said on Wednesday.

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