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“Long Magnificent 7” once again world’s most crowded trade, BofA survey finds

11 Aug 2025

LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA’s monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August’s survey, who have $413 billion in assets under management, said they thought …

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Bessent says new Fed chair should be someone who can examine organization, Nikkei reports

11 Aug 2025

By Leika Kihara TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone “who can examine the whole organization” as the Fed’s mission has included so many things outside of monetary policy and has put its independence at risk, Japan’s Nikkei newspaper reported. “It’s someone who has to have …

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Air Canada flight attendants to picket at four Canadian airports

10 Aug 2025

By Nicole Jao and Rajveer Pardesi (Reuters) -Air Canada flight attendants plan to picket at four airports on Monday to highlight their pay demands in contract negotiations with Canada’s largest airline, but its operations will not be affected, the union said. The Canadian Union of Public Employees said in a statement on Sunday that the …

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Mexico sets minimum export prices for fresh tomatoes

10 Aug 2025

By Brendan O’Boyle MEXICO CITY (Reuters) -Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico’s economy and agriculture ministries said in a joint statement on Sunday. The decision follows Washington’s withdrawal in July from a 2019 deal …

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Investor Bill Ackman proposes combining Fannie Mae and Freddie Mac

10 Aug 2025

(Reuters) -Billionaire investor Bill Ackman in an X post on Sunday suggested merging U.S. government-sponsored enterprises Fannie Mae and Freddie Mac, saying the move would help reduce mortgage rates and achieve huge synergies both in their operations and in the trading price. U.S. President Donald Trump’s administration has been eying an initial public offering of …

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Chile’s Codelco gets approval from labor inspector to restart El Teniente operations

10 Aug 2025

SANTIAGO (Reuters) – Copper miner Codelco received authorization from Chile’s labor inspector office to begin resuming certain operations at its flagship El Teniente copper mine, it said on Saturday, after more than a week of suspended operations following a deadly collapse that killed six workers. In a statement, Codelco said operations can resume in areas …

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White House crypto adviser Bo Hines announces departure

10 Aug 2025

By Kanishka Singh WASHINGTON (Reuters) -Bo Hines, who headed Republican President Donald Trump’s Council of Advisers on Digital Assets, said on Saturday he was leaving his current role and returning to the private sector. Late last month, a cryptocurrency working group led by Hines and including several administration officials outlined the Trump administration’s stance on …

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Trump’s environment agency terminates contract with unionized employees

9 Aug 2025

By Courtney Rozen and Valerie Volcovici WASHINGTON (Reuters) – The U.S. Environmental Protection Agency moved to end its contract with unionized employees, according to the union’s president, the latest action in President Donald Trump’s push to weaken collective bargaining across the federal government. The union, which represents 8,000 EPA employees, is planning a legal response to …

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US Fed’s Bowman: Latest jobs data stiffens support for three rate cuts in 2025

9 Aug 2025

By Ann Saphir (Reuters) -The Federal Reserve’s vice chair of supervision, Michelle Bowman, on Saturday said recent weak job data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest-rate cuts will likely be appropriate this year.  Bowman was one of two Fed governors to dissent last …

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