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  • Business
    MarketWatch

    How much longer this stock-market bull lasts may depend on Fed’s next move

    Wall Street investors have shrugged off recent worries to propel stocks to fresh all-time highs, but this week’s meeting of Federal Reserve policy makers might provide investors the clearest sign yet about the health of the U.S. economy and how the central bank is construing stubbornly low inflation. The Fed gathering set to conclude Wednesday comes against the backdrop of a host of recent events that market participants are anticipating will factor in policy maker’s decision making: The economic impact of Hurricanes Irma and Harvey, sluggish inflation, the outlook for fiscal stimulus out of Washington, may be a just a few of the topics that are broached. Although Janet Yellen’s Fed isn’t expected to make any change to interest rates, it is anticipated that it will lay the groundwork for unwinding its $4.5 trillion balance sheet, if not announce its start.

  • Kingfisher climbs as FTSE edges higher
    Business
    BBC News

    Kingfisher climbs as FTSE edges higher

    Shares in retail group Kingfisher outperformed the market in morning trading, despite the firm's reporting of a 5.9% fall in half-year profits. The B&Q and Screwfix owner was the FTSE 100's biggest riser, adding 6.7%. Overall, the benchmark index was up 2.6 points or 0.04% at 7,277.85. Drinks maker Diageo was the biggest faller, shedding 2.1% after warning that its revenues could be hit by a ban on selling alcohol along national and state highways in India. On the currency markets, the pound was up 0.17% against the dollar at $1.3534 and was up 0.07% against the euro at 1.1275 euros.

  • Amazon Is a Lifeline for Retail Workers. (If They Live in the Right City.)
    Business
    Bloomberg

    Amazon Is a Lifeline for Retail Workers. (If They Live in the Right City.)

    Elijah Hahe spent years toiling in retail—supermarket cart boy, gas station attendant—with little to show for it but low pay, inconsistent hours and skimpy benefits. So when Hahe heard a radio ad for positions at a new Amazon.com Inc. warehouse near Columbus, Ohio, he applied immediately. "I knew Amazon was an up-and-coming company, so I figured I'd  give it a shot," says Hahe, who’s 25. "It was definitely scary. Once I got here, I realized it was a good fit." A year later, Hahe is training new hires and aspires to run his own warehouse. He has steady full-time work, health benefits and is saving for a three-week vacation to Ireland, something he never considered while working retail. For many