By Echo Wang (Reuters) -Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center assets as part of that strategy. The strategy reflects a broader shift among tech …
Meta to share AI infrastructure costs via $2 billion asset sale Read More »
By Davide Barbuscia NEW YORK (Reuters) -Sharp downward revisions to past jobs data on Friday, followed by Trump’s sudden order to fire the head of the Bureau of Labor Statistics, stoked investor fears about the integrity of economic data and the Fed’s ability to read the true state of the economy. News of a surprise …
Data credibility fears fueled after Trump orders firing of labor official Read More »
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) -The Trump administration’s push to discourage the use of foreign feedstocks in domestic biodiesel could lead to higher energy prices for U.S. consumers and restricted domestic production, according to some refining and biofuel trade groups. The warning reflects ongoing friction between President Donald Trump’s Environmental Protection …
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. The biggest U.S. oil producer made clear that it is ready to take advantage of lower oil prices and make acquisitions, but …
Exxon beats profit estimates, eyes acquisition opportunities Read More »
August 1 (Reuters) -Ford is recalling 312,120 vehicles in the U.S. as loss of power brake assist while driving can extend stopping distance and increase the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday. The recall affects certain 2025 Lincoln Navigator, F-150, Expedition, Bronco, and Ranger vehicles. The agency …
Ford to recall over 312,000 US vehicles over loss of power brake assist, NHTSA says Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labor market conditions that puts a September interest rate cut by the Federal Reserve back on the table. …
US labor market cracks widen as job growth hits stall speed Read More »
By John Revill and Trevor Hunnicutt ZURICH/WASHINGTON (Reuters) -U.S. President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling to seek ways to strike better deals. As Trump presses ahead with plans to reorder the global economy with the …
Markets dive after Trump hits more countries with steep tariffs Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) — TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I’d love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @reutersjamie.bsky.social. Well, well, well. In a week jam-packed with …
(Reuters) -The Federal Reserve said on Friday that Governor Adriana Kugler was resigning from the central bank effective Aug. 8. Separately, U.S President Donald Trump ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, be fired after data showed employment growth was weaker than expected last month. COMMENTS: SAM STOVALL, …
Investors react to Kugler’s resignation, firing of BLS commissioner Read More »
(Reuters) -The NFL and Disney’s ESPN have reached a deal, potentially worth billions, placing many of the league’s media holdings with the sports network in exchange for equity in ESPN, the Athletic reported on Friday. ESPN is expected to have access to RedZone, NFL Network, seven more regular-season games and the NFL’s fantasy football business, …
