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Stocks, dollar rise on Fed, US tax plans; bonds fall

Bloomberg US stocks advanced as President Donald Trump prepares to lay out his tax-cut plan, while the dollar extended gains and bonds fell after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December. The S&P 500 Index was near record levels in early trading. The Bloomberg dollar index headed for a six-week peak and Treasury yields ...

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Car rental firms surge on Saudi bourse on women driving news

Reuters Shares of car insurance and rental companies rallied on the Saudi Arabian stock market on Wednesday after news that women would be allowed to drive, although the broader market was flat. Qatar’s stock market fell sharply, ending a six-day winning streak. Saudi King Salman issued a royal decree lifting the driving ban; it will be implemented by June 24, ...

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JPMorgan loses ‘probate case’ ordered to pay $4bn in damage

Bloomberg JPMorgan Chase & Co. was ordered by a Dallas jury to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive, but the verdict will probably be knocked down on appeal. Jo Hopper and two stepchildren won the probate court verdict over claims that JPMorgan mismanaged the administration of the estate of ...

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