Stock futures flat as investors await flurry of data

Commentary, Economy, Stocks, U.S. Infrastructure

A street sign is seen in front of the New York Stock Exchange on Wall Street in New YorkNEW YORK (Reuters) – U.S. stock index futures were flat on Wednesday as investors looked ahead to a flurry of economic data that will be released throughout the morning, which could indicate whether the market's record levels are justified.


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National Guard, police curb Ferguson unrest as protests swell across U.S.

Commentary, Economy, Stocks, U.S. Infrastructure

By Ellen Wulfhorst, Daniel Wallis and Edward McAllister FERGUSON, Mo. (Reuters) – (Please note offensive language in last paragraph) Some 2,000 National Guard troops helped ward off a second night of rampant arson and looting in suburban St. Louis after a grand jury declined to indict a white policeman in the fatal shooting of an unarmed black teenager, and sympathy protests spread to several U.S. cities. President Barack Obama appealed for dialogue, and his attorney general promised that a federal probe into the Aug. …

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IRS workers to receive bonuses of 1 percent

Commentary, Economy, Stocks, U.S. Infrastructure

Commissioner John Koskinen informed IRS employees in an email that they’ll get a bonus next March of 1 percent of their base salary. The performance awards go to most employees.

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China won’t consider further rate cuts, easing until after fourth quarter: official

Commentary, Economy, Stocks, U.S. Infrastructure

A Chinese national flag flutters outside the headquarters of the People's Bank of China in BeijingBEIJING (Reuters) – China's central bank will wait until the fourth quarter economic index is released before considering further rate cuts and easing, a central bank adviser said on Tuesday, adding a decision would depend on U.S. and Japanese monetary policy.


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St. Louis suburb smolders after racially charged riots

Commentary, Economy, Stocks, U.S. Infrastructure

A resident, lying shirtless, keeps warm as another approaches the blazing skeleton of Juanita's Fashions R Boutique after it was burned to the ground in Ferguson, MissouriBy Ellen Wulfhorst, Daniel Wallis and Edward McAllister FERGUSON, Mo. (Reuters) – The St. Louis area was braced for another day of protests on Tuesday after a grand jury cleared a white police officer in the fatal August shooting of an unarmed black teenager, sparking a night of violet and racially charged rioting. About a dozen buildings in Ferguson, Missouri, burned overnight and police fired tear gas and flash-bang canisters at protesters, said St. Louis County Police Chief Jon Belmar Sixty-one people were also arrested, police added. …


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White House pressures Chuck Hagel to resign as Defense secretary

Commentary, Economy, Stocks, U.S. Infrastructure

Defense Secretary Chuck Hagel is stepping down under pressure from President Barack Obama’s Cabinet, senior administration officials said Monday, following a rocky tenure in which he has struggled to break through the White House’s insular foreign policy team. Hagel is the first senior Obama adviser to leave the administration following the sweeping losses for Obama’s party in the midterm elections.

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Stocks grind higher after central bank stimulus signals

Commentary, Economy, Stocks, U.S. Infrastructure

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchangeLONDON (Reuters) – World stocks ground higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and inflation.


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Grand jury expected to resume Ferguson police shooting deliberations

Commentary, Economy, Stocks, U.S. Infrastructure

Protesters, demanding the criminal indictment of a white police officer who shot dead an unarmed black teenager in August, stop traffic during a march through a suburb in St. Louis, MissouriBy Daniel Wallis and Ellen Wulfhorst FERGUSON, Mo. (Reuters) – A St. Louis-area grand jury was expected on Monday to resume deliberations over whether to bring charges against a white policeman who shot and killed a black teenager in a case that has triggered months of demonstrations and set the city on edge. With no one knowing how long that process might yet run, residents are anxious and shop fronts are boarded up in fear of unrest, while students in one school district began an extended early Thanksgiving break. The Aug. …


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