Monday, May 1, 2017

Public investments in Trump-operated hotel set dangerous precedent – U.S. senators

WASHINGTON (Reuters) - U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators.

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Budget deal may map U.S. Congress road ahead, via Trump bypass

WASHINGTON (Reuters) - The U.S. Congress, bitterly divided for years along party lines, may be mapping a bipartisan path forward that skirts around President Donald Trump when he refuses to engage constructively with lawmakers, Democrats and some lobbyists said on Monday.

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U.S. factory activity slows; inflation pressures subside

WASHINGTON (Reuters) - U.S. factory activity slowed in April while consumer spending was unchanged in March and a key inflation measure recorded its first monthly drop since 2001, but economists still expect an interest rate increase in June as the labor market tightens.

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Trump says actively considering breaking up big banks: Bloomberg TV

WASHINGTON (Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.

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Mnuchin sees U.S. growth reaching 3 percent in time, tax cuts to help

BEVERLY HILLS (Reuters) - U.S. Secretary of the Treasury Steve Mnuchin said on Monday that it could take up to two years to have economic growth reach three percent and that tax cuts and regulatory relief will help get there.

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Wall St. opens higher as government shutdown averted

(Reuters) - Wall Street opened higher on Monday after U.S. Congress negotiators averted a government shutdown later this week by hammering out a federal funding deal late on Sunday.

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Dish reports 6 percent fall in quarterly profit

(Reuters) - Dish Network Corp reported a 6 percent drop in quarterly profit on Monday as the U.S. satellite TV provider added fewer-than-expected pay-TV subscribers.

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