By Michael S. Derby NEW YORK (Reuters) -Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve’s large balance sheet, the minutes of the U.S. central bank’s June 17-18 policy meeting showed on Wednesday. The drawdown of the Fed’s stock of bonds is …
Wall Street pushes out end of Fed balance sheet wind-down, minutes show Read More »
By Rory Carroll LOS ANGELES (Reuters) – Uber will serve as the official rideshare and on-demand delivery partner of the Los Angeles 2028 Olympic and Paralympic Games, as well as Team USA, organisers announced on Wednesday. The partnership will see Uber deploy its mobility platform to design, implement and optimise rideshare operations across the Los …
Olympics-Uber named official rideshare, delivery partner for Los Angeles Games Read More »
(Reuters) -A group of 27 major Tesla shareholders urged the electric automaker’s board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns. Tesla is close to missing a legal deadline and has not announced this year’s meeting, the group consisting of U.S. state treasurers, …
Tesla investors ask board to set date for overdue annual shareholder meeting Read More »
By David Shepardson (Reuters) -Wireless carrier T-Mobile US said on Wednesday it is ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it seeks regulatory approval for two major deals. T-Mobile said in a letter to Federal Communications Commission Chair Brendan Carr made public on Wednesday that the wireless company …
T-Mobile ending DEI programs as it seeks US FCC approval for 2 deals Read More »
(Reuters) -Microsoft saved more than $500 million in its call centers alone last year by using artificial intelligence, Bloomberg News reported on Wednesday. The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to rein in costs amid hefty investments in AI infrastructure. In May, the company …
MEXICO CITY (Reuters) -The U.S. Treasury said on Wednesday it had extended a deadline to September 4 for a prohibition on certain transactions involving three Mexican financial institutions hit by sanctions last month over alleged money laundering linked to fentanyl trafficking. The actions apply to Mexico’s CiBanco, Intercam Banco and Vector Casa de Bolsa, which …
US extends deadline for fentanyl sanctions on three Mexican financial institutions Read More »
By John Kruzel, Nandita Bose and Tim Reid WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday cleared the way for Donald Trump’s administration to pursue mass government job cuts and the sweeping downsizing of numerous agencies, a decision that could lead to tens of thousands of layoffs while dramatically reshaping the federal bureaucracy. Tuesday’s ruling …
Supreme Court clears way for Trump to pursue mass federal layoffs Read More »
(Reuters) -The CEO of X, Linda Yaccarino, said on Wednesday she would step down from the role in a surprise move, ending her tenure at the Elon Musk-owned social media platform that has faced several controversies and challenges including a mass exodus of advertisers from the site. Yaccarino was tasked with boosting advertising revenue and …
By Anushree Mukherjee, Amy Lv and Lewis Jackson (Reuters) -Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump’s higher than expected 50% tariff on imported copper takes effect. Trump announced the copper tariff on Tuesday, …
Trump copper tariffs set to spark final scramble to get metal across the border Read More »
By Pratima Desai LONDON (Reuters) -U.S. President Donald Trump’s 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system. The tariffs, which Commerce Secretary Howard …
Analysis-Copper glut driven by tariff threat to deflate US price bubble Read More »
