NEW YORK (Reuters) -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This would put the terminal rate at between 3% and 3.25%, down from the current 4.25%-4.50% level. The Goldman note followed data on …
Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026 Read More »
By Nicole Jao and Arathy Somasekhar NEW YORK (Reuters) -Enterprise Products Partners said on Wednesday it was responding to a crude oil leak from the company’s oil terminal in southeast Houston. Crude oil flows on the Seaway pipeline, which runs from Cushing, Oklahoma, to the Freeport, Texas, area and connects to the Enterprise Crude Houston …
Enterprise Products responding to crude oil leak from Houston terminal Read More »
By Maggie Fick, Andrea Shalal and Dave Graham WASHINGTON (Reuters) -The announcement by President Donald Trump’s administration of the results of a probe into pharmaceutical imports and new sector-specific U.S. tariffs likely remains weeks away, four official and industry sources said, later than initially promised as he focuses on other matters. Commerce Secretary Howard Lutnick …
Exclusive-US pharma tariffs likely weeks away as Trump plans for Alaska, sources say Read More »
(Reuters) -The Trump administration is proposing nearly $1 billion in funding to speed the development of U.S. critical minerals and materials, used in everything from electric vehicle batteries to semiconductors, the Energy Department said on Wednesday. The department intends to offer funding to advance and scale up mining, processing and manufacturing technologies in the critical …
US proposes nearly $1 billion in funds for critical minerals, materials Read More »
By Karen Freifeld, Arsheeya Bajwa and Alexandra Alper (Reuters) -U.S. President Donald Trump upended decades of U.S. national security policy, creating an entirely new category of corporate risk, when he made a deal with Nvidia to give the U.S. government a cut of its sales in exchange for resuming exports of banned AI chips to …
(Reuters) -Engineering contractor KBR said on Wednesday it had secured a $2.46 billion contract from the National Aeronautics and Space Administration to support astronaut and worker health and safety during space missions. Shares of KBR rose 2.7% in extended trading. The five-year agreement, starting November 1, includes two optional extensions potentially extending the contract until …
KBR secures NASA contract worth up to $3.6 billion for astronaut health support Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Stocks rose around the world on Wednesday, and bond yields and the dollar fell, as comments from U.S. Treasury Secretary Scott Bessent fueled traders’ bets that the Fed will cut interest rates next month, …
Trading Day: Is the only Fed doubt now a 25 or 50 bps cut? Read More »
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday he is uneasy assuming that tariffs will not push up inflation and is unconvinced that the U.S. labor market is deteriorating. Those premises have been cited by a few of his colleagues for supporting interest rate cuts by the U.S. central …
Fed’s Goolsbee signals door open to rate cut in fall Read More »
By Arriana McLymore NEW YORK (Reuters) -Subscribers to Amazon.com’s Prime service can now get strawberries, milk, meats and frozen dinners on the same day they order them as the company expands its fast-delivery option to perishable food items, Amazon said on Wednesday. It is the latest move by Amazon to compete with delivery services offered …
Amazon adds perishable foods to same-day delivery to take on Instacart, Walmart Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face greater hurdles in finding alternative markets. U.S. President Donald Trump hiked duties on several goods from Brazil to 50% from 10% …
Brazil unveils aid package for exporters hit by US tariffs Read More »
