City National Bank reaches settlement of redlining allegations with Justice Dept

By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with the U.S. Justice Department, the agency said on Thursday. A complaint filed in federal court on Thursday alleged that from 2017 through at least 2020, the Los Angeles-based bank received fewer applications in majority-Black and …

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U.S. inflation retreating as consumer prices fall; labor market still tight

By Lucia Mutikani WASHINGTON (Reuters) – U.S consumer prices fell for the first time in more than 2-1/2 years in December as gasoline and motor vehicles prices declined, offering hope that inflation was now on a sustained downward trend, though the labor market remains tight. Americans also got more relief at the supermarket last month, …

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Dólar cae a mínimo de casi nueve meses frente al euro por los datos de inflación en EEUU

Por John McCrank NUEVA YORK, 12 ene (Reuters) -El dólar estadounidense cayó el jueves a mínimos de casi nueve meses frente al euro, después de que datos de inflación en Estados Unidos indicaron que los precios seguían una tendencia a la baja sostenida, lo que elevaba las expectativas de que la Reserva Federal sea menos …

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Zelenskiy: Ukraine forces are holding Soledar positions, inflicting big losses

(Reuters) -Ukrainian forces in the eastern city of Soledar are holding their positions and inflicting significant losses on Russia troops, President Volodymyr Zelenskiy said in a video address on Thursday. A Russian-installed official in Ukraine’s Donetsk region earlier said “pockets of resistance” remained in Soledar, undermining claims that the town had been captured. Zelenskiy thanked …

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Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets

By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset prices, allowing the Federal Reserve to bring down consumer prices without badly damaging growth. U.S consumer prices unexpectedly fell last month for the …

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