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TOKYO: U.S. crude futures fell in early Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with a quarter of U.S. refining capacity offline.
WASHINGTON: U.S. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishing expectations of an interest rate increase in December.
WASHINGTON: In an economy growing at a moderate pace at best, the US job market keeps on shining.
NEW YORK: Wall Street gained modestly on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note.
SAN FRANCISCO: Samsung Electronics has joined the self-driving car race in California with a permit from the state to test the technology on the home turf of Tesla, Google, and Apple.
Comment by JAMES SAFT
IF the United States does more than flirt with a government shutdown and technical default, old assumptions about the safe-haven status of Treasury debt and the dollar will face unprecedented threats.
NEW YORK: A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government's borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index.