By Howard Schneider WASHINGTON (Reuters) -Having railed against the “revolving door” between the executive branch and the U.S. Federal Reserve, Council of Economic Advisers Chair Stephen Miran may now be walking through it after President Donald Trump nominated him to the Board of Governors of an institution Miran would like to radically overhaul. In a …
Trump’s Fed pick wanted to upend its protection from politics Read More »
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase denied it closed an account linked to former Kansas Governor Sam Brownback on religious grounds, and did not receive information it requested from him before shutting the account, according to a letter seen by Reuters. Brownback, a Republican who chairs the National Committee for Religious Freedom, claims …
By Erwin Seba HOUSTON (Reuters) -More than 300 United Steelworkers union (USW) refinery and chemical plants workers meeting in Pittsburgh approved on Thursday proposals for labor negotiations set to begin early in 2026 with energy companies, said Mike Smith, chair of national oil bargaining for the union. The current four-year contract covering 30,000 workers expires …
United Steelworkers union sets proposals for next refinery worker contract Read More »
(Reuters) -A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was …
Competing bid received in US auction of shares in Citgo’s parent Read More »
By Neil J Kanatt (Reuters) -Under Armour said on Friday its sales decline would worsen this quarter and warned of soft demand as well as $100 million more in tariff-related costs for the year, sending the sportswear maker’s shares down about 20%. The company has struggled to drive up demand in the past two years …
Under Armour expects sales to fall more as US tariffs could hit demand Read More »
By Manya Saini (Reuters) -Firefly Aerospace shares fell 11% in morning trading on Friday, in what was perceived as a normal market swing, but the space tech firm’s robust debut highlighted renewed investor appetite for high-growth listings. After nearly three years of a dryspell in new listings, a resurgence in high-risk sectors such as space, …
Firefly Aerospace sputters a day after stellar Nasdaq debut Read More »
(Reuters) -Shares of cloud-based ad tech firm Trade Desk were set for their biggest single-day decline on record on Friday, after CEO Jeff Green warned about ongoing tariff uncertainty pressuring some of the world’s largest advertisers. Trade Desk’s stock move looked set to wipe out nearly $16 billion from the company’s market valuation, if losses …
Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers Read More »
SAO PAULO (Reuters) -Brazil’s government believes the economy is starting to feel the effects of high interest rates and will closely monitor data to see if those impacts are “wider than initially expected,” Economic Policy Secretary Guilherme Mello said on Friday. Brazil’s central bank last week held its benchmark rate at 15%, the highest in …
Brazil economy starting to see impact of high rates, official says Read More »
By Zaheer Kachwala (Reuters) -Take-Two Interactive Software shares rose 3.5% on Friday as the Zynga owner’s strong forecast signaled a rebound in the mobile gaming industry following a years-long post-pandemic slump. Once seen as the video-gaming industry’s next big growth driver, the mobile market sputtered over the past few years as people spent more time …
Take-Two soars after forecast signals mobile gaming rebound Read More »
(Reuters) -MP Materials shares hit record high on Friday, after the U.S. rare earths miner posted higher output, a smaller-than-expected quarterly loss and forecast further production gains. Shares of the company jumped 10.45% to $78.50 in early trading. Las Vegas-based MP operates the only U.S. rare earths mine and has seen its stock more than …
MP Materials hits record high after smaller loss, Pentagon and Apple boost Read More »
