By Ann Saphir (Reuters) -The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration’s tariffs, Dallas Federal Reserve Bank President Lorie Logan said on Tuesday. “My base case is that we’ll need …
Fed’s Logan sees holding rates steady a while longer Read More »
By Jarrett Renshaw PITTSBURGH, Pennsylvania (Reuters) -President Donald Trump joined executives from some of the largest U.S. tech and energy companies for a summit in Pittsburgh on Tuesday as the administration prepares more measures to power the U.S. expansion of artificial intelligence. Top economic rivals, the U.S. and China, are locked in a technological arms …
Trump joins tech and energy executives amid AI push Read More »
By Daina Beth Solomon SANTIAGO (Reuters) -Two Indigenous groups in northern Chile have asked a local court to suspend a state-led community review process that is required for a lithium partnership between copper giant Codelco and lithium miner SQM, according to legal documents reviewed by Reuters. The Indigenous community of Coyo and the Atacameno Association …
Indigenous groups ask Chile court to pause community review of Codelco-SQM lithium deal Read More »
By Jan Wolfe WASHINGTON (Reuters) -President Donald Trump’s administration filed a lawsuit on Tuesday against three board members of the Corporation for Public Broadcasting who have not left their posts despite Trump’s attempt to fire them. In a complaint filed in federal court in Washington D.C., the U.S. Justice Department said Trump lawfully fired the …
Trump administration sues to oust Corporation for Public Broadcasting board members Read More »
WASHINGTON (Reuters) -U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts. The Consumer Price Index increased 0.3% last month after edging up 0.1% in May, the Labor Department’s Bureau of Labor Statistics said …
Instant view: US consumer prices tick up as anticipated in June Read More »
By Carolina Mandl, Matt Tracy and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -President Donald Trump’s renewed calls for Federal Reserve Chair Jerome Powell’s resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation …
Analysis-Investors seek protection from risk of Fed chief’s ouster Read More »
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Alphabet’s Waymo robotaxis have driven more than 100 million miles without a human behind the wheel, doubling the mileage in about six months, a top company official said, as it speeds up deployment in U.S. cities amid rising competition. Rival Tesla is expanding its self-driving taxi …
Alphabet’s Waymo picks up speed as Tesla robotaxi service expands Read More »
(Reuters) -The U.S. Food and Drug Administration said on Tuesday it will now review all imports of the products it regulates regardless of their quantity or value, after a federal law enforcement agency recently rescinded an exemption for small shipments. Under the updated regulations, exemptions that previously allowed import of some product shipments valued at …
FDA to screen all imports, exemptions for low-value shipments revoked Read More »
NEW YORK (Reuters) -Goldman Sachs will finance a $270 million affordable housing project to build 385 apartments in the East New York neighborhood of Brooklyn, New York Governor Kathy Hochul’s office said. The city’s housing crunch and rising rents have become a key focus of Democratic mayoral candidate Zohran Mamdani’s campaign. The project financed by …
Goldman Sachs finances $270 million affordable housing project in New York Read More »
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Tuesday said Mexico will take action if an agreement with Washington regarding new tariffs is not reached by the August 1 deadline set by her U.S. counterpart Donald Trump. Trump on Saturday threatened to impose a 30% tariff on imports from Mexico starting on August 1, claiming …
Mexico pledges action should U.S. talks fail by August tariff deadline Read More »
