Dow slides 300 points to cap off first weekly decline in a month amid inflation worries

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Andrew Kelly/Reuters US stocks dropped on Friday as investor concerns about rising inflation continued to linger.A better-than-expected June retail sales report was unable to move stocks higher.US consumers spent $621 billion at…

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Biden hails jobs numbers, gets testy with questions

President BidenJoe BidenConsultants found extensive concrete deterioration at Surfside building in 2020: report Arkansas coronavirus cases reach new high for second day since the winter Emergency physician gathering photos among wreckage of Surfside building collapse MORE on Friday hailed a new report showing the U.S. added 850,000 jobs in June, describing it as “historic progress”…

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Dollar edges lower ahead of U.S. inflation data

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoGraphic: World FX rates https://tmsnrt.rs/2RBWI5ELONDON, June 25 (Reuters) – The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead…

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U.S. jobless claims dropping faster in states ending federal benefit

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. REUTERS/Andrew KellyWASHINGTON, June 24 (Reuters) – Ongoing claims for U.S. unemployment insurance have dipped faster in recent weeks in states ending federal benefits this summer than in states keeping the $300 weekly supplement…

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U.S. fed funds futures raise odds of rate hike in early 2023 after Fed statement

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisNEW YORK (Reuters) -Futures on the federal funds rate, which track short-term interest rate expectations, on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least…

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