Commodities

Wall Street at record as data dulls rate hike chances

U.S. stocks were slightly higher at the open on Friday as June consumer price index data indicated benign inflation that could test the Federal Reserve's resolve to raise interest rates for a third time this year, while investors parsed earnings reports from big banks.

Cautious Fed sends stocks to record highs, dollar dips

Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.

Business Highlights

___ Federal regulator moves to mostly ban arbitration clauses NEW YORK (AP) — Consumers could band together to sue their banks or credit card companies under a federal rule issued Monday that's likely to face resistance from Congressional Republicans and the White House.

Wall St edges up ahead of Yellen's Day-2 testimony

U.S. stocks were slightly higher in early trading on Thursday, ahead of Federal Reserve Chair Janet Yellen's second day of testimony and a day after she signaled a dovish stance on interest rates.

Yellen remains the driver and the focus in markets

Shares edged higher in early European trading Thursday, tracking gains in Asia after Federal Reserve Chair Janet Yellen told Congress the central bank may slow the pace of its interest rate increases if inflation remains below its target level.