By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A looming U.S. government shutdown is casting a shadow over the final day of a stellar third quarter for most world markets. However, there appears to be little trepidation apart from fretting over a data …
Morning Bid: Shutdown talks go to the wire as Q3 ends Read More »
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) -The effective federal funds rate – the interest banks charge each other for overnight loans to meet reserve requirements – rose unexpectedly last week ahead of quarter end, mainly on the back of shrinking cash balances at foreign banks, according to market participants. The latest fed …
Foreign bank cash decline lifts fed funds rate ahead of quarter-end Read More »
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Vice Chair Philip Jefferson said on Monday he expects U.S. economic growth to continue at about a 1.5% pace for the rest of the year, with the job market facing potential stress if not supported by the central bank. In remarks prepared for delivery at a Bank …
Fed Vice Chair Jefferson says US job market weakening, could face stress Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Wall Street is set to close one of its calmest quarters in nearly six years, and the lull after a volatile start to 2025 has many market participants increasingly alert for renewed market gyrations. For the third quarter, the S&P 500’s one-month volatility – a gauge of the …
Analysis-After lull, Wall Street eyes volatility pickup as risks build Read More »
(Corrects link in paragraph 7) By Laura Matthews, Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -Wall Street is preparing for disruption to economic data if a looming U.S. government shutdown goes ahead, which could cause investors to rely more on alternative data or take on more defensive positions as they anticipate volatility in asset …
Wall Street left in the dark on US data if shutdown happens Read More »
(Reuters) -Opera on Tuesday launched Neon, an artificial intelligence-powered browser that can execute tasks and run code inside web pages, adding to the intensifying competition among technology firms to make web browsing more agentic. The move underscores the race to transform the browser into a productivity hub that acts on behalf of users rather than …
Opera launches Neon AI browser to join agentic web browsing race Read More »
By Niket Nishant and Manya Saini (Reuters) -Visa said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the …
Visa bets on stablecoins to speed up cross-border payments Read More »
By David Lawder and David Shepardson WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners. The action is the first in three sectors that Trump said …
Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture Read More »
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators urged the automobile safety regulator on Monday to investigate reported failures of Tesla’s Full Self-Driving system to detect and safely respond to railroad crossings, citing risks of “catastrophic” collisions. On its website Tesla says the system allows a vehicle to drive occupants “almost anywhere,” handling everything from …
Two US senators urge probe of Tesla’s Full Self-Driving response to rail crossings Read More »
By Ju-min Park INCHEON, South Korea (Reuters) -From the muddy grounds of a former amusement park on South Korea’s coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help to mitigate the impact of U.S. tariffs on new car sales. Soaked in sweat from the outdoor heat, …
Analysis-South Korea’s booming used car exports cushion impact of US tariffs Read More »
