Washington Financial News

By David Shepardson

Cresset Capital CIO and founding partner Jack Ablin discusses higher interest rates and offers his market outlook on 'Barron's Roundtable.'

By Richard Cowan and Sarah N. Lynch

By Lucia Mutikani

TOKYO—Huawei, China’s rival to Apple in smartphones and the world’s leading provider of telecoms infrastructure, is out to prove it isn’t just surviving Washington’s campaign to crush it, but is in the vanguard of Beijing’s drive for self-reliance in technology. After the buzz around Huawei’s new high-speed smartphones, which appeared to show that China can swerve around U.S. efforts to block its access to cutting-edge technology, the company on Monday unveiled its latest tablets, smartwatches and earphones—supported by a homegrown challenger to Bluetooth and Wi-Fi, global standards in wireless communication.

WASHINGTON (Reuters) — U.S. Democratic Senator Bob Menendez on Monday denied wrongdoing and vowed to stay in Congress on Monday after prosecutors charged him and his wife with taking bribes from three New Jersey businessmen.

Canadian Prime Minister Justin Trudeau has announced several support measures for Ukraine including military, economic and humanitarian assistance

Speaker Kevin McCarthy has turned to a strategy that so far has preserved his tenuous hold on House leadership, but also marked his tenure by chaos

The Food and Drug Administration meets this week to consider a much-debated treatment for Lou Gehrig’s disease

The Biden administration has awarded $1.4 billion to projects improving railway safety and boosting rail capacity

The federal government is heading toward a shutdown at month's end that will disrupt many services, squeeze workers and roil politics

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

By Gram Slattery, James Oliphant, Nathan Layne

WASHINGTON (Reuters) — U.S. House Speaker Kevin McCarthy said on Monday the House of Representatives will vote on an appropriations measure on Tuesday that would open debate on four fiscal 2024 spending bills, after some holdouts on defense appropriations were apparently willing to work now.

By Howard Schneider

Investing.com -- Stocks point into the red to begin the final trading week of September, as equities are feeling the pressure from the Federal Reserve's hawkish policy stance. Elsewhere, traders are cautiously gauging the progress of a budgetary stand-off in Washington, while a tentative deal is reached in the protracted negotiations between Hollywood writers, film studios and streaming services.

A string of inflationary shocks has challenged the Federal Reserve’s effort to control price increases. Investors are worried the latest could be $100-a-barrel oil. Crude’s march closer to that mark has made Americans’ commutes more expensive.

Trump is way ahead of his other Republican rivals in the party's presidential race. The GOP's formal nomination process will begin with the Iowa Caucus and the New Hampshire Primary in January, PTI reported. In recent weeks, two of the Indian-American Republican presidential aspirations — former South Carolina governor Nikki Haley and entrepreneur Vivek Ramaswamy — have gained momentum.

Nord Stream pipelines, cutting off a major route for Russian gas exports to Europe and reports allege that Ukrainians may have played a role in this. The blasts occurred in the economic zones of Sweden and Denmark, so both countries launched investigations into the incident. So far, they say the explosions were deliberate, but they have yet to single out who was behind the blasts, according to a report in Aljazeera. On September 26, 2022, several underwater blasts ruptured three of the four pipelines comprising Nord Stream 1 and Nord Stream 2, throwing vast amounts of gas into the Baltic Sea near Bornholm, Denmark. “Dutch military intelligence warned the CIA of a Ukrainian plan to blow up the pipelines three months before the attack, Dutch broadcaster NOS and Germany’s Die Zeit and ARD reported in June.

Gold steadied on Monday after eking out a narrow 0.1% gain last week, as investors assessed U.S. Federal Reserve officials' warning of further interest rate hikes ahead of a consumer inflation gauge due later this week.FUNDAMENTALS * Spot gold was mostly unchanged at $1,924.54 per ounce by 0051 GMT, while U.S.

yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen fell to a more than 10-month low of 148.49 per dollar and remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year's. The Japanese currency had fallen more than 0.5% on Friday after the BOJ maintained ultra-low interest rates and stuck to its dovish stance, while Governor Ueda similarly stressed the need to spend more time assessing data before raising interest rates. «I don't think the level matters that much and will be the trigger (for intervention).