By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed’s upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal …
Fed’s Waller, leaning against March cut, sees easings later in year Read More »
By David Lawder and Ann Saphir NEW YORK (Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday strongly defended the Trump administration’s campaign to tear up global trade norms with tariffs and vowed to roll back regulations on American banks and crush Iran’s economy with sanctions. In his first major speech to Wall Street executives, Bessent …
US Treasury’s Bessent defends Trump tariff upheaval, vows ‘maximum sanctions’ Read More »
By David Shepardson WASHINGTON (Reuters) -The Government Accountability Office said on Thursday the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 is not subject to review and potential repeal by Congress. Last month, the U.S. Environmental Protection Agency under President Donald Trump sent the approval to Congress …
US agency blocks vote to repeal California EV rules Read More »
By Emily Green, Jarrett Renshaw and David Ljunggren MEXICO CITY/WASHINGTON/OTTAWA (Reuters) -Mexican and Canadian officials are increasingly frustrated by tariff negotiations with the Trump administration, with a lack of clarity over exactly what the U.S. wants making any resolution seem impossible, sources from both countries told Reuters. After implementing across-the-board 25% tariffs on goods from …
‘Psychodrama’ tariff negotiations frustrate Mexico and Canada Read More »
(Reuters) – Las Vegas Sands CEO Robert Goldstein intends to step down from the position when he transitions to a senior adviser role on March 1, 2026, the casino operator said on Thursday. The Las Vegas, Nevada-based company said it intends to name its Chief Operating Officer, Patrick Dumont, as chairman and CEO upon Goldstein’s …
Las Vegas Sands CEO to step down in 2026, transition to adviser role Read More »
By Abigail Summerville, Milana Vinn and Svea Herbst-Bayliss NEW ORLEANS (Reuters) – Facing unexpected market volatility and geopolitical uncertainties, normally optimistic dealmakers are sounding a more cautious note for the coming weeks and months but are confident the pace of mergers and acquisitions will pick up later this year. “Our clients are waiting and seeing …
Dealmakers in wait and see mode, expect M&A pace to pick up later in 2025 Read More »
(Reuters) – Canada will delay a planned second wave of retaliatory tariffs on C$125 billion of U.S. products until April 2, Finance Minister Dominic LeBlanc said in a post on X on Thursday. President Donald Trump signed an executive order earlier in the day exempting goods from both Canada and Mexico under a North American …
Canada will delay second wave of retaliatory tariffs, finance minister says Read More »
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump’s trade policy may have on companies and the broader economy, while Marvell Technology’s revenue forecast sparked concerns about spending on artificial intelligence infrastructure. The Nasdaq Composite ended down 10.4% from its record high close on …
Wall Street sells off as tariff concerns mount, Nasdaq confirms correction Read More »
By Jiaxing Li HONG KONG (Reuters) – Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage raised its 12-month target for MSCI Emerging Markets Index by 3%, reaching 1,220 from 1,190, indicating an 11% potential upside …
Goldman Sachs raises emerging markets’ target on AI-driven China rally Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) – A Delaware judge is willing to consider allegations in a class action lawsuit that Paramount Global’s $8 billion sale to Skydance Media should be blocked from closing because it short-changes public shareholders, according to a Thursday court filing. Paramount’s controlling shareholder, Shari Redstone, struck a two-step deal in …
Judge may consider blocking Paramount-Skydance deal Read More »
