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Beverly Hills Puts Emphasis On Art In BOLD Summer 2019 Plans

The City of Beverly Hills is gearing up for a jam-packed summer of bold events in conjunction with its BOLD (Beverly Hills Open Later Days) summer programming.

Mexico’s Economy Shrinks In First Quarter with New President

Mexican President Andres Manuel Lopez Obrador got two troubling pieces of news Tuesday as the economy registered a surprise contraction in his first quarter in office and state oil company Pemex posted a steep loss.

Venezuelans Brace as Controversial Bank Notes Target Hyper Inflation

Venezuelans reacted nervously on Monday as President Nicolas Maduro rolled out his radical new plan to curb spiraling hyperinflation by slashing five zeros off the oil-rich, cash-poor country's crippled currency.

Tariffs, Tariff Threats, Talks: Trump Faces Key Week on Trade

The United States on Monday launched into a key week for trade policy, with Washington due to slap fresh tariffs on a host of Chinese goods even as it holds hearings to target thousands more.

Stocks Enjoy Global Rally in Wake of UK Johnson’s Resignation

A global stocks rally gathered steam Monday, fueled by economic optimism, while the British foreign minister's sudden resignation over Brexit depressed the pound.

US Federal Reserve Raises Key Interest Rate 1.75-2.0 Percent

 The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation.

Trump Says DC Rained On Military Parade, Will Go To Paris Instead

President Donald Trump said Friday he had cancelled a military parade planned for November due to high costs — hours after the Pentagon indefinitely postponed the much-maligned event — and would instead head to Paris for ceremonies marking the end of World War I.

Trump Threatens to Raise Tariffs on Chinese Goods to 25% from 10%

The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday.

Trump Hails US Economic Growth Spurt, Promises More Ahead

President Donald Trump on Friday hailed roaring US economic growth as a "miracle," and said the quickest expansion in almost four years was a vindication of his economic agenda.

Stocks Enjoy Global Rally in Wake of UK Johnson’s Resignation

A global stocks rally gathered steam Monday, fueled by economic optimism, while the British foreign minister's sudden resignation over Brexit depressed the pound.

US Federal Reserve Raises Key Interest Rate 1.75-2.0 Percent

 The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation.

Hours Ahead of Meeting Kim Jong Un, Trump Tweets About Stock Market

Just hours ahead of his historic summit with North Korean leader Kim Jong Un, US President Donald Trump lauded his economic policy its impact on the American stock market.

Beverly Hills News – Friar’s Club Developers Return for Request Overlay Zone for Luxury Housing at Planning Commission

The applicants for a project located at 9908 South Santa Monica Boulevard will come before the Planning Commission Thursday to request a Residential Overlay Zone have submitted  a modified project for consideration, with 27 luxury condominiums, an increase from 3,541 to 10,500 square feet of ground floor retail in a commercial zone, an FAR increase from 2.59 to 2.87:1, and other changes, many of which are not reflected in the schematic submitted to planning staff. 

US Fed Raises Interest Rates Amid Strong Labor Market

 The US central bank on Wednesday raised the benchmark interest rate for the third and final time this year, and indicated it was not likely to be more aggressive next year, at least for now.

Wall Street Rally Surges S&P,DJI, and Nasdaq

 Wall Street was back in rally mode Monday, with the Dow and S&P 500 finishing at records as Apple, Facebook and other tech shares posted strong gains.

US Feds Raise Key Interest Rates 1/4 Percent

 The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak economic data.
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