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Saturday, June 6, 2020

Crop prices sag on uncertainty over U.S.-China trade deal

* Trump comments fuel uncertainty about U.S.-China tariffs * Traders expect improved U.S. weather for harvesting * Corn underpinned by USDA’s cut to U.S. crop outlook (Adds start of U.S. trading, changes byline, dateline; previous LONDON) By Tom Polansek CHICAGO, Nov 11 (Reuters) - U.S. grain and soybean...

Donald Trump and Republicans fear revamped Nafta will be stalled

Donald Trump’s administration and its Republican allies in Congress are becoming increasingly anxious that USMCA, the revision of Nafta signed by the US president with Canada and Mexico, could fail to gain congressional approval, amid rising tensions on Capitol Hill over the trade deal’s...

Trump campaign seeks to mobilise women in 2020 battleground states

(Reuters) - President Donald Trump’s re-election campaign is hosting events in 2020 battleground states on Thursday to mobilise and train suburban women, an important voting bloc that defected from Republicans during last year’s congressional contests. The campaign representatives - who include conservative commentators, a...

US may already be in recession, long-time market bear David Tice warns

Long-time market bear David Tice is warning investors a recession is about to bear down on the United States. Tice believes the global economic slowdown is infiltrating the country. “The big question: Is the U.S. in a recession or about to enter one?” the investor told...

Trump looking at possible U.S. tax cuts but not now

WASHINGTON (Reuters) - President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes, but he was not talking about doing anything at this moment. Trump added that he was always looking at a payroll tax cut, and that a lot of...

U.S. senators to unveil carbon tax bill to generate $2.5 tln in 10 years

Timothy Gardner 4 Min Read WASHINGTON, July 24 (Reuters) - Two Democratic U.S. senators will unveil a bill on Thursday to curb climate change by slapping a fee on oil, natural gas and coal and delivering most of the revenues to low- and middle-income Americans, one...

Federal Reserve Will Only Cut Rates Once in 2019 – Fitch

The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the US, Fitch Ratings says. A 25bp cut now appears probable at either the July or September FOMC meeting...

Christine Lagarde: My resignation would expedite the selection for next IMF head

WASHINGTON (Reuters) - International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as European legislators approved a new top bureaucrat. Lagarde said in a statement...

Amazon founder Bezos divorce final with $38 billion settlement

(Reuters) - Amazon.com Inc (AMZN) founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, Amazon, the world's...

Moody’s economist: We’ll see the markets ‘tank’ if the Fed doesn’t cut rates

Meghan Fitzgerald, The U.S. jobs report smashed expectations on Friday with the economy adding 224,000 jobs in June, but Moody's Capital Markets Chief Economist John Lonski still sees several red flags facing the market. “We still have very sluggish wage growth despite the fact that...