By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday signaled a possible interest rate cut at the U.S. central bank’s meeting next month, saying that risks to the job market were rising but also noting inflation remained a threat and that a decision wasn’t set in stone. …
Powell says Fed may need to cut rates, will proceed carefully Read More »
By Svea Herbst-Bayliss and Ross Kerber BOSTON (Reuters) -BlackRock, the world’s biggest asset manager, recently promoted a senior member of its stewardship team to lead the company’s interactions with thousands of corporations in the Americas as part of a broader series of management changes. Tanya Levy-Odom, a managing director, now leads BlackRock Investment Stewardship Americas …
BlackRock’s Levy-Odom to lead stewardship in Americas Read More »
(Corrects headline, third bullet point and third paragraph to remove mention of halting fighter jet production) By Dan Catchpole (Reuters) -Top machinists union officials and a Democratic congressman joined striking workers outside a Boeing Defense facility near St. Louis on Thursday, pressing the company for a contract closer to an agreement reached with its Seattle-area …
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Canada will remove many retaliatory import tariffs on U.S. goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday. Canadian tariffs on U.S. autos, steel and aluminum will remain for now, he told a …
Canada to remove many retaliatory tariffs on US, Carney says Read More »
By Jarrett Renshaw WASHINGTON (Reuters) -The U.S. Environmental Protection Agency on Friday approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates over a potential hit to demand. The approvals are also a mixed blessing for the cohort of small U.S. refiners who have argued …
US EPA approves biofuel waivers for small refiners, stirring concerns over demand Read More »
By Niket Nishant and Prakhar Srivastava (Reuters) -Payments processor Visa has shuttered its open-banking business in the United States, according to a source familiar with the matter, as tensions mount between banks and fintechs over access to customer data. The unit provides tools to fintechs for easier access to bank data, helping them offer smoother …
Visa closes US open-banking unit as data fight heats up, source says Read More »
By Bo Erickson WASHINGTON (Reuters) -President Donald Trump’s increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget Office estimated on Friday. If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal interest payments …
Trump’s tariffs could reduce US deficit by $4 trillion, CBO estimates Read More »
By Nicholas P. Brown NEW YORK (Reuters) -Nike’s push into the booming outdoor recreation market — which will kick off on Monday with the launch of a new trail running shoe — will test whether it can turn a little-known sub-brand into a meaningful growth engine. The sportswear giant plans to unveil a version of its …
Nike eyes China growth, with outdoor sports revamp at the center Read More »
By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday lowered its 2025 production guidance following a tunnel collapse at its flagship El Teniente mine and said it will revise plans for sectors that were part of an expansion. The state-run miner now expects 2025 production of …
Chile’s Codelco cuts 2025 copper forecast after El Teniente mine collapse Read More »
By Roberto Samora SAO PAULO (Reuters) -The global arabica coffee market has surged in August with prices gaining more than 30% on the ICE exchange, driven mainly by steep tariff hikes from the United States, the head of Brazil’s coffee exporters council, Cecafe, said on Friday. The 50% tariff imposed on Brazilian coffee by the …
US tariffs behind surge in global arabica prices, Brazil exporters group says Read More »
