Reuters US Business

SAO PAULO – Brazil’s real closed trading on Monday stronger versus the U.S. dollar for the 11th consecutive session, marking its longest streak of gains since April 2005. The Brazilian currency closed at 5.8159 reais per greenback, the strongest since Nov. 26, when it closed at 5.8096 reais per dollar.  It weakened more than 1% …

Brazil’s real sets longest streak of gains in 20 years Read More »

By Michael S. Derby and Howard Schneider (Reuters) -The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest-rate cuts than otherwise. Trump on Saturday slapped across-the-board tariffs on the three largest U.S. trade …

Fed officials see inflation risks from Trump’s tariffs Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing grew for the first time in more than two years in January, but the durability of the recovery was in doubt after President Donald Trump slapped tariffs on goods from three major trade partners at the weekend. While Trump on Monday said he would pause the 25% tariffs …

US manufacturing rebounds, tariffs could derail tentative recovery Read More »

By Nicolás Misculin VEINTICINCO DE MAYO, Argentina (Reuters) – Standing in his fields among tall, dry corn plants, farmer Dario Sabini inspects the smaller-than-usual corn cobs before taking the yellowing leaves of the crop that should be green at this time of the season, to crinkle them between his fingers. “We are seeing here corn …

Wilted leaves on Argentina’s farms signal bigger hit to soy, corn harvest Read More »

By Arsheeya Bajwa (Reuters) -Palantir recommends its clients steer clear of Chinese startup DeepSeek’s AI models, a senior executive of the data analytics company said on Monday, days after doubts were raised about the United States’ lead in AI technology. “We would strongly discourage it (DeepSeek) and don’t think any customer in the U.S. government …

Palantir advises clients against using DeepSeek’s AI tech; forecasts upbeat 2025 revenue Read More »

By Douglas Gillison (Reuters) – U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump’s new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau, including investigations, rule making, litigation and public communications, according to an email seen by Reuters. The Day One …

Trump’s consumer watchdog freezes CFPB activity on first day of job Read More »

By David Ljunggren OTTAWA (Reuters) -The Canadian province of Ontario on Monday said it was pausing a number of planned retaliatory measures against the United States, including the cancellation of a C$100 million ($68.12 million) contract with Elon Musk’s Starlink. Premier Doug Ford made the announcement after U.S. President Donald Trump said he was postponing …

Ontario postpones threat to cancel Starlink deal after Canada tariffs reprieve Read More »