(Corrects source of news report to iPolitics from Politico paragraph 4) By David Ljunggren OTTAWA (Reuters) -Canada will soon unveil a series of promised measures to help the steel and aluminum sector deal with U.S. tariffs, and will also aid canola farmers, government officials said on Thursday. Industry Minister Melanie Joly told reporters in Toronto …
Canada to unveil promised aid for aluminum, canola sectors soon Read More »
By Ankita Yadav (Reuters) -Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy. Trump’s persistent criticism of the Fed board and Chair Jerome Powell for not lowering interest rates, his attempt …
Markets brace for volatility amid Trump’s Fed maneuvers Read More »
By Kanchana Chakravarty (Reuters) -American Eagle is proving that there’s no such thing as bad publicity. The company’s shares jumped 33% on Thursday, fuelled by a flurry of interest in the retailer, thanks to a controversial ad campaign featuring “Euphoria” actor Sydney Sweeney. “‘Sydney Sweeney Has Great Jeans’ (the ad campaign) is not going anywhere. …
American Eagle rides high on Sydney Sweeney ad buzz Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased more than expected last week, while hiring by private employers slowed in August, offering further evidence that labor market conditions were softening. The reports were released a day after government data showed there were more unemployed people than positions …
US jobless claims rise, private payrolls growth slows Read More »
(Reuters) -California lawmakers on Wednesday voted to allow the sale of a higher-ethanol gasoline blend that could help bring down fuel prices in the largest U.S. auto market. The sale of E15, a blend containing 15% ethanol, would be allowed immediately once the bill is signed by Governor Gavin Newsom. California had been the only …
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By Jaspreet Singh (Reuters) -U.S. chipmaker Texas Instruments said demand has cooled after a spike in April that was driven by customers rushing to place orders to get ahead of the “Liberation Day” tariff announcement. Shares of the company fell nearly 4% on Thursday. Speaking at the Citi Global TMT Conference, TI finance chief Rafael …
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(Reuters) -Gap said on Thursday it would expand into the fast-growing beauty and personal care segment this fall season, including some sold under the Old Navy brand. The move by the Banana Republic parent marks a shift in strategy to diversify revenue streams beyond its core apparel business at a time of tariff costs and …
Gap to offer beauty and personal care products this fall Read More »
(Reuters) -Avride said on Thursday it is scaling up the testing of its vehicles in Dallas, as the autonomous technology startup prepares to launch robotaxis on Uber. Autonomous technology companies have been entering into partnerships with ride-hailing and delivery startups to commercialize robotic food deliveries. Avride had announced a broader partnership with Uber in October …
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By Niket Nishant and Manya Saini (Reuters) -The U.S. Treasury yield curve, a crucial barometer of how the economy is doing, has steepened on fears of mounting public debt, President Donald Trump’s attempts to exert control over the Federal Reserve and his aggressive tariff policies. The shift has direct implications for banks’ net interest income …
Explainer-What does a steep US yield curve mean for banks and the economy? Read More »
By Isla Binnie (Reuters) -Carlyle Group said on Thursday it had raised $20 billion to buy second-hand private equity stakes from investors looking to offload assets that built up during a downturn in public listings and acquisition deals. The investment firm’s AlpInvest unit, operating in the secondary market, raised $15 billion for its latest flagship …
Carlyle raises $20 billion to buy second-hand private equity stakes Read More »
