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HONG KONG (AP) — Most world stock markets posted modest gains today as healthy U.S. and European economic reports bolstered investor optimism while the dollar strengthened and oil hovered near a three-month high. U.S. stocks are poised to open slightly higher. Dow futures were up 0.1 percent to 18,211.00 and broader S&P 500 futures crept up less than 0.1 percent to 2,153.80.
WASHINGTON (AP) —There are two major economic reports due out today. The Labor Department will release the weekly jobless claims number. Also, Freddie Mac, the mortgage company, will release the weekly mortgage rates.
WASHINGTON (AP) — President Barack Obama says breaking up the nation's biggest banks or erecting steep tariffs on imports may sound appealing. But in an essay for The Economist, Obama says the economy cannot be redesigned and put back together again without harmful consequences for many Americans. He's urging less dramatic steps.
LONDON (AP) — Britain's Treasury chief has a message for major bankers in New York: London will keep its leading position on the financial stage even after it leaves the European Union. Chancellor of the Exchequer Philip Hammond intends to meet with the chiefs of Citigroup, Morgan Stanley, Goldman Sachs and other major players in New York today.
PALO ALTO, Calif. (AP) — Embattled blood testing company Theranos says it will shut down its clinical labs and wellness centers and lay off more than 40 percent of its full-time employees. The move comes nearly three months after federal regulators banned CEO Elizabeth Holmes from owning or running a medical laboratory for two years.
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