The Russell 2000 outperformed, while Boeing shares rose after a Korean Air Lines order.
Markets haven't yet grappled with the implications of the president having control over the central bank.
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Australian Inflation Indicator Jumps, Backing RBA Caution on Rate Cuts
Australia's monthly inflation indicator jumped to its highest level in a year in July, affirming the Reserve Bank of Australia's cautious approach to cutting interest rates over recent months.
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Trump Weighs Quickly Announcing Nominee to Replace Lisa Cook on Fed Board
Among the potential candidates the president has discussed are economic adviser Stephen Miran and former World Bank Group President David Malpass.
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Why Trump's challenge to Fed's independence may make gold the 'safe haven of choice' for investors
President Donald Trump made a move to fire a member of the Federal Reserve's Board of Governors. Investors can see that as a threat to the political independence of the central bank, potentially undermining confidence in the U.S. dollar and Treasury bonds - and boosting the appeal of gold and other assets perceived as safe havens.
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Bitcoin, Ethereum, XRP Drop Again. Why Cryptos Are Slumping.
Digital assets have struggled in recent weeks, sliding due to investors taking profit.
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State-Run Investment Funds Don't Tend to Perform Well Even as Trump Creates One
With the exceptions of Norway and Singapore, many sovereign funds are mediocre investors, and poor venture capitalists, studies find.
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U.S. Mid-Atlantic Factory Activity Slows Less Sharply
The Fifth District Survey of Manufacturing Activity index for August rose to minus seven from minus 20 in July, said the Federal Reserve Bank of Richmond.
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Bank of Canada's Policy-Framework Review Won't Revisit Inflation Target
Gov. Tiff Macklem says the 2% target 'has proven its worth in achieving price stability over time.'
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Is It a Good Time to Buy a Home? Prices Are Losing Steam and Mortgage Rates Are Down.
Price gains cooled for their fifth straight month in June.
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Canada Factory, Wholesale Sales Look to Build on Recovery in July
An advance tally of manufacturing sales points to a solid 1.8% improvement in trade in July from a month prior.
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Punishing Droughts Put Fresh Pressure on Meat and Dairy Production
Investors are calling for farm-based businesses to address increasing concerns about their water use.
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The Ukrainian Attacks That Are Forcing Russia to Ration Its Fuel
The late Sen. John McCain once called Russia "a gas station with nukes." Now, because of Ukrainian attacks, it must ration fuel.
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Billions wiped off value of French banks with Bayrou-led government on verge of collapse
French banking giants BNP Paribas and Societe Generale saw billions of euros wiped off their market value on Tuesday as the government of the eurozone's number-two economy was set for collapse.
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Trump Threatens New Tariffs on Countries That Tax Tech Companies
The president vows to retaliate against nations that he views as discriminating against American companies.