(Reuters) – U.S. President Donald Trump has named five cryptocurrencies he wants to be part of a new strategic reserve – in other words, crypto holdings owned by the U.S. government. In a post on Truth Social on Sunday, Trump announced that his January executive order on digital assets would create a stockpile of XRP, …
Factbox-The five cryptocurrencies Trump wants the US to hold in reserve Read More »
By Johann M Cherian, Sukriti Gupta and Chibuike Oguh NEW YORK (Reuters) -Wall Street’s main stock indexes closed sharply lower on Monday after President Donald Trump announced the start of 25% tariffs on Canada and Mexico, with the S&P 500 posting its biggest daily percentage decline since December 18. Stocks had already slipped after an …
Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips Read More »
By Anuja Bharat Mistry (Reuters) -Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business. Sankaran, who took over the helm in 2019, led the company through its scuttled merger with …
Albertsons appoints insider to top role as CEO Vivek Sankaran to retire Read More »
(Reuters) -Citigroup nearly credited about $6 billion to a customer’s account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter. The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the …
(Reuters) -Wall Street’s main stock indexes tumbled late Monday to end sharply lower after President Donald Trump announced the start of 25% tariffs on Canada and Mexico. Trump said on Monday that there was no chance for Mexico or Canada to prevent 25% tariffs from taking effect on Tuesday. “They’re going to have to have …
Wall Street hit by Trump tariffs on Canada and Mexico Read More »
By Douglas Gillison and Daniel Wiessner (Reuters) – Top officials at the embattled U.S. Consumer Financial Protection Bureau have not allowed staff to resume supervising financial companies despite committing to engage in all legally-required work, according to an internal email seen by Reuters. The apparent decision to keep supervision inert could run counter to claims …
Consumer bureau still blocked from monitoring financial firms, email says Read More »
By Lisa Baertlein LONG BEACH, California (Reuters) – The global ocean shipping industry that handles 80% of world trade is navigating a sea of uncertainty as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies. That is the backdrop for this week’s S&P Global TPM container …
Trump trade threats compound global ocean shipping uncertainty Read More »
(Reuters) -The U.S. Consumer Financial Protection Bureau, a watchdog agency that the Trump administration has largely closed down, asked a federal court on Monday to issue a stay in its enforcement action against Comerica Bank, court papers showed. In the final days of former President Joe Biden’s administration, the agency in December had accused the …
US CFPB asks to pause Comerica enforcement action Read More »
By Kalea Hall General Motors on Monday announced the hiring of its first chief artificial intelligence officer as the automaker looks to use the technology more in its vehicles and in other parts of its business. GM has hired Barak Turovsky, 49, a former head of AI at Cisco and was a leader on the …
WASHINGTON (Reuters) – U.S. President Donald Trump said there was no chance for Mexico or Canada to avert the tariffs that he promised to impose starting Tuesday. “No room left for Mexico or Canada,” Trump said on Monday when asked about whether Canada and Mexico could avert tariffs by reaching a deal on curbing fentanyl …
Trump says ‘no room left’ for Canada, Mexico to avert tariffs Read More »
