By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell across the board on Tuesday after data showed that U.S. consumer prices increased moderately in July, leaving intact the case for a Federal Reserve interest-rate cut next month. The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department’s Bureau …
Dollar slips as US inflation data backs September rate cut Read More »
By Dan Burns (Reuters) -The White House on Tuesday said it is “the plan” that the Bureau of Labor Statistics will continue to publish its closely watched monthly employment report after President Donald Trump’s pick to head the agency proposed suspending its release while it addresses problems that resulted in historically large revisions to recent job …
US plans to keep publishing monthly jobs report, White House says Read More »
By Davide Barbuscia NEW YORK (Reuters) -Investors are betting harder on a September Federal Reserve interest rate cut after last month’s mild inflation bump, which indicated the pass-through from President Donald Trump’s sweeping import duties to goods prices has so far been limited. July inflation numbers released on Tuesday came in largely within expectations, strengthening …
Investors double down on September Fed cut after CPI Read More »
By Dan Burns and Lucia Mutikani WASHINGTON (Reuters) -U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as the new Bureau of Labor Statistics commissioner, 10 days after firing the agency’s previous leader following a weak scorecard of the job market, accusing her without evidence of manipulating the figures. Antoni is …
Trump picks Heritage economist Antoni to lead US labor statistics agency Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased marginally in July, though rising costs for services such as airline fares and some tariff-sensitive goods like household furniture caused a measure of underlying inflation to post its largest gain in six months. The mixed report from the Labor Department’s Bureau of Labor Statistics on Tuesday …
Cheaper gasoline restrains US consumer prices; worries about data quality rise Read More »
By Manya Saini (Reuters) -Stock and crypto trading platform eToro’s CEO said on Tuesday that retail investors seized opportunities to buy stocks during the April market dip caused by tariffs, after the fintech firm exceeded second-quarter profit estimates. Markets saw sharp swings after U.S. President Donald Trump announced new tariffs early in the quarter, yet …
Trading platform eToro’s CEO highlights retail investor surge as profit beats estimates Read More »
WASHINGTON (Reuters) -Texas Attorney General Ken Paxton on Tuesday sued U.S. drugmaker Eli Lilly for allegedly “bribing” providers to prescribe its medications. The attorney general’s office said in a statement that the company bribed and illegally induced medical providers to prescribe its most profitable drugs, including the GLP-1 medications Mounjaro and Zepbound, used for weight …
Texas sues Eli Lilly for allegedly bribing providers to prescribe its medications Read More »
By Hannah Lang (Reuters) -Paxos Trust Company, the cryptocurrency firm behind PayPal’s stablecoin, said it is applying to create a national trust bank in the U.S., joining a raft of digital asset companies looking to gain a larger foothold in the traditional financial system. If the charter is granted by the U.S. Office of the …
Exclusive-Paxos joins spate of crypto companies applying for US trust bank licenses Read More »
By Niket Nishant (Reuters) -Stablecoin giant Circle surpassed expectations for second-quarter revenue in its maiden quarterly results since going public, sending its shares up 5% on Tuesday. Higher circulation of its USDC stablecoin and stronger subscription services helped the New York-based company cement a rally that has pushed its stock to more than five times …
Stablecoin issuer Circle tops revenue estimate in first quarterly result since IPO Read More »
(Refiles to fix typo in paragraph 22) By Hannah Lang (Reuters) -Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens now that a new U.S. law has established the first-ever rules for stablecoins, but experts warn the path forward could be anything but simple. U.S. President Donald …
Companies plan stablecoins under new law, but experts say hurdles remain Read More »
