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US inflation data lifts global stocks, lowers Treasury yields

26 Jul 2024

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an improving inflation landscape, sending Treasury yields lower. The Commerce Department said the personal consumption expenditures (PCE) price index, the Federal Reserve’s …

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US arrests Mexican drug lord ‘El Mayo’ and son of ‘El Chapo’ in Texas

26 Jul 2024

By Drazen Jorgic (Reuters) -Mexican drug kingpin Ismael “El Mayo” Zambada and a son of his former partner, Joaquin “El Chapo” Guzman, were arrested on Thursday in El Paso, Texas, in a major coup for U.S. authorities that may also reshape the Mexican criminal landscape. Zambada is one of the most consequential traffickers in Mexico’s …

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Dollar treads water after tame US inflation report, yen rally stalls

26 Jul 2024

By Alden Bentley NEW YORK (Reuters) -The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the expected September Federal Reserve easing clear. The Commerce Department’s June personal consumption expenditures (PCE) price index nudged up 0.1%, as expected, …

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Obamas endorse Harris’ White House bid, Trump meets with Netanyahu

26 Jul 2024

By Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) -Former President Barack Obama and his wife Michelle endorsed U.S. Vice President Kamala Harris’ presidential bid on Friday, the latest move by top Democrats to unite around a new champion against Republican Donald Trump in the Nov. 5 election. The Obamas’ endorsement came five days after President …

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Russian drone debris found in Romania, NATO says no sign of intentional attack

26 Jul 2024

KYIV (Reuters) -Romania said it found Russian drone fragments on its territory on Thursday and NATO said it saw no sign of an intentional attack on the alliance’s territory after Moscow troops fired 38 long-range drones into Ukraine overnight. Ukraine’s Air Force destroyed 25 Russian drones, its chief said on Telegram. Three drones “were lost …

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Man started California wildfire by pushing burning car into gully, prosecutor says

26 Jul 2024

By Rich McKay (Reuters) – A man was arrested on Thursday on suspicion of starting a wildfire that forced thousands to flee their homes in a fast-moving blaze that is the largest in California so far this year. Butte County District Attorney Mike Ramsey said in a statement that the man, Ronnie Dean Stout II, …

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UK drivers still paying too much for road fuel, says regulator

26 Jul 2024

LONDON (Reuters) -Britain’s competition regulator said on Friday the country’s drivers are still paying too much for road fuel, with increases in retail fuel margins costing them over 1.6 billion pounds ($2.1 billion) in 2023. The Competition and Markets Authority (CMA) said its analysis showed the cost to drivers of weakened competition in the fuel …

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