Wall St. rises on tech gains, trade hopes

(Reuters) – U.S. stocks rose on Wednesday as gains in chipmaker Micron boosted the technology sector and comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. “We were about 90% of the way there (with a deal) and I think there’s a path to complete this,” Mnuchin said […]

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FedEx climbs after beating earnings forecasts as its CEO ramps up criticism of Trump's trade war

FedEx shares rose after the company topped Wall Street’s profit forecast. Still, analysts were wary of the package giant’s tepid guidance due in part to global trade challenges. “We’ve been very disappointed over the last few years with the assumptions that we made on the growth in international trade, particularly with the Trump administration,” FedEx CEO Fred Smith said on […]

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U.S. Goods-Trade Deficit Widens as Levies Rise on Chinese Items

The U.S. merchandise-trade deficit widened in May to a five-month high amid a surge in imports following President Donald Trump’s decision to increase levies on $200 billion of items from China. The gap increased to $74.5 billion from $70.9 billion in the prior month, according to a Commerce Department report Wednesday. That compared with the median estimate for a shortfall […]

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Trump Says Fed Should Have Draghi as Chief Instead of Powell

In this article President Donald Trump said the U.S. should have Mario Draghi, president of the European Central Bank, at the helm of its monetary policy — “instead of our Fed person” — and reiterated that he has the right to demote or fire Federal Reserve Chairman Jerome Powell. “Nobody ever heard of him before, and now I made him […]

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