WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be “put out to pasture.” He made the comments in a Truth Social post, where he ordered the firing of U.S. Bureau of Labor Statistics, Erika L. McEntarfer. “The Economy is BOOMING under ‘TRUMP’ despite a Fed that …
Trump says Fed’s Powell should be put ‘out to pasture’ Read More »
By David Ljunggren OTTAWA (Reuters) -A proposed U.S.-Canada trade deal could still be weeks away, Ottawa’s chief negotiator said on Friday, a day after U.S. President Donald Trump imposed higher tariffs on imports from Canada. Trump – who had set an August 1 deadline for an agreement – signed an executive order increasing tariffs on …
Proposed Canada-US trade deal could still be weeks away, says Ottawa Read More »
By Jody Godoy (Reuters) -A U.S. judge on Friday largely rejected a request by top asset managers including BlackRock to dismiss a lawsuit filed by Texas and 12 other Republican-led states that said the companies violated antitrust law through climate activism that reduced coal production and boosted energy prices. U.S. District Judge Jeremy Kernodle in …
BlackRock, other fund managers lose bid to dismiss Texas climate collusion lawsuit Read More »
(In paragraph 7, corrects value to $1.7 billion, not $1 billion) By Ana Mano SAO PAULO (Reuters) -An association representing chemical companies in Brazil, where large U.S. firms like ExxonMobil and Dow Chemical operate, expressed “deep concern” regarding a U.S. executive order raising tariffs on Brazilian exports to 50%. The Brazilian chemical sector is intrinsically …
Trump tariffs spark ‘deep concern’ among Brazil chemical firms Read More »
(Reuters) -Activist investor Carronade Capital Management urged Viasat to split its defense business as part of the satellite communications firm’s ongoing strategic review. Carronade — which holds a 2.6% stake in the satellite communications firm — in an open letter to shareholders on Thursday called for either a spin-off or an IPO of the defense …
Activist Carronade builds pressure on Viasat to split business Read More »
(Reuters) -A jury found Tesla partially liable for a fatal 2019 crash involving driver-assistance technology in Key Largo, Florida, and slapped the company with $200 million in punitive damages, the Washington Post reported on Friday. (Reporting by Brendan O’Brien and Ismail Shakil;)
By Isla Binnie and Niket Nishant NEW YORK (Reuters) -Blackstone told employees on Friday it will reopen its New York headquarters on August 4, a week after shuttering it in the wake of a shooting that killed four people including one of its executives. The world’s largest alternative asset manager explained the move in a …
Blackstone to reopen New York office one week after shooting Read More »
By Patrick Wingrove and Puyaan Singh (Reuters) -Moderna trimmed its 2025 revenue forecast on Friday after UK deliveries of some COVID vaccines were deferred to next year, overshadowing lower-than-expected second-quarter loss and sending its shares down 7%. The revised forecast of between $1.5 billion and $2.2 billion reflects ongoing headwinds for the vaccine maker, which …
Moderna cuts sales forecast on UK revenue delay, shares fall Read More »
By Alessandro Parodi (Reuters) -Registrations of new Tesla cars in several key European markets fell in July, despite a revamp to its signature Model Y, as the EV maker struggles with a backlash against CEO Elon Musk’s political views, regulatory challenges and rising competition. Tesla’s aging lineup is facing a wave of low-cost EV rivals, …
Tesla sales drop again around Europe despite Model Y revamp Read More »
(Reuters) -The Federal Reserve has begun developing a new risk-based capital rule aimed at easing the burden on the largest U.S. banks than a Biden-era plan, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators are largely scrapping the original 1,087-page proposal from two years ago and plan to unveil a new …
