U.S. stocks slide most in three weeks as dollar rallies

By Tanya Agrawal (Reuters) – U.S. stocks were recording their steepest fall in three weeks in midday trading on Tuesday, as a host of positive economic data increased the likelihood of a rate hike in the near term and sent the dollar soaring. The dollar was hovering at a one-month peak against a basket of […]

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Yellen tone suggests choppiness for markets ahead

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on […]

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Fed on track to hike rates as economic headwinds wane

By Jonathan Spicer and Michael Flaherty PROVIDENCE, R.I. (Reuters) – Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned. Yellen […]

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Fed sees June rate hike as ‘unlikely,’ minutes indicate

(Adds details and quotes from minutes, market reaction) By Michael Flaherty and Howard Schneider WASHINGTON, May 20 (Reuters) – U.S. Federal Reserve officials believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data, according to minutes from […]

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Stocks extend gains after Dow, S&P 500 hit records; Apple up 1%

U.S. stocks traded higher on Monday after closing near highs last week, as investors awaited the bulk of the week’s housing data and mostly shook off earlier concerns about Greece’s ability to pay back its creditors. (Tweet This) “The decision today by markets is the path of least resistance is up and today’s data didn’t […]

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Stocks extend gains after Dow, S&P 500 hit records; Apple up 1%

U.S. stocks traded higher on Monday after closing near highs last week, as investors awaited the bulk of the week’s housing data and mostly shook off earlier concerns about Greece’s ability to pay back its creditors. (Tweet This) “The decision today by markets is the path of least resistance is up and today’s data didn’t […]

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Greek PM warned lenders of not repaying IMF debt in May: report

ATHENS (Reuters) – Greece’s Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros due to the IMF in May unless they provided it with immediate liquidity, the Kathimerini newspaper reported on Saturday. Athens ultimately made the May 12 payment by emptying an International Monetary Fund […]

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U.S. stocks zoom higher, S&P 500 eyes fresh record close

U.S. stocks advanced, with the Standard Poor’s 500 Index trading above its record close, as technology shares rallied for a second day and the dollar earlier fell to a four-month low. Microsoft Corp. and Apple Inc. added at least 2.1 percent, while the Nasdaq Internet Index jumped 1.6 percent. Computer Sciences Corp. gained 3.7 percent […]

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Can Tesla’s battery hit $1 billion faster than the iPhone?

Tesla’s new line of big, stackable batteries for homes and businesses started with a bang. The reservations reported in the first week are valued at roughly $800 million, according to numbers crunched by Bloomberg. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could measure up as one of the […]

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Can Tesla’s battery hit $1 billion faster than the iPhone?

Tesla’s new line of big, stackable batteries for homes and businesses started with a bang. The reservations reported in the first week are valued at roughly $800 million, according to numbers crunched by Bloomberg. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could measure up as one of the […]

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