(Reuters) -A gauge of U.S. used vehicle prices sold at wholesale auctions that proved predictive ahead of the inflation surge following the COVID pandemic is climbing again, last month notching its largest annual increase in nearly three years. The rise comes amid ongoing vehicle price and sales volatility connected to auto tariffs imposed by President …
US used car prices surge as tariffs drive market volatility Read More »
By Andrea Shalal, Jarrett Renshaw and Ernest Scheyder WASHINGTON (Reuters) – President Donald Trump said he will announce a 50% tariff on copper on Tuesday, hoping to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods. U.S. Comex copper futures jumped more than 12% to …
Trump says US to impose 50% tariff on copper imports, copper futures jump Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump’s trade campaign. Bessent, speaking to a …
US could collect $300 billion in tariff revenue this year, Treasury chief says Read More »
By Niket Nishant (Reuters) -ReserveOne, a new crypto venture with ties to industry veterans and a former U.S. commerce secretary, will list on the Nasdaq through a merger with blank-check firm M3-Brigade Acquisition V Corp and is expected to raise more than $1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum …
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) -Chile, the world’s No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean nation blindsided while its top miner held out hope of exemptions. In a call with Reuters …
World’s top copper producer Chile in wait-and-see mode after Trump tariff bombshell Read More »
(Reuters) -Citigroup plans to create 510 new jobs in Charlotte, Josh Stein, governor of North Carolina said on Tuesday. The bank will invest $16.1 million in an office facility in Mecklenburg County, expanding its workforce in personal banking, finance and marketing, the governor added. Bloomberg News was the first to report Citigroup’s expansion in Charlotte. …
Citigroup to add over 500 jobs in Charlotte, North Carolina governor says Read More »
By Jonathan Stempel (Reuters) -The U.S. Federal Trade Commission on Tuesday called on Amazon.com and Walmart to crack down on third-party sellers that make deceptive “Made in USA” claims on the retailing giants’ online marketplaces. In letters to Amazon and Walmart, the FTC said it had learned of several instances where third-party sellers falsely claimed …
US FTC demands better policing of ‘Made in USA’ claims, sends warning letters Read More »
By Douglas Gillison and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The top official overseeing fair lending at the U.S. Consumer Financial Protection Bureau was placed on administrative leave, according to two people familiar with the matter, sidelining another senior figure at a watchdog agency President Donald Trump is seeking to minimize if not eliminate outright. It …
Consumer agency sidelines top fair lending official, sources say Read More »
(In story from July 6, corrects word in paragraph 19 to “dismissing” from “discounting”) By Vidya Ranganathan and Suzanne McGee SINGAPORE/NEW YORK (Reuters) -Global investors are heading into U.S. President Donald Trump’s Wednesday deadline for trade tariffs palpably unexcited and prepared for a range of benign scenarios that they believe are already priced in. Just …
Investors head into Trump tariff deadline benumbed and blase Read More »
(Reuters) -Apple on Tuesday named insider Sabih Khan as its chief operating officer, taking over from Jeff Williams, as part of a long-planned succession. Khan, who has been with Apple for 30 years and is currently the senior vice president of operations, will take on the new role later this month, the iPhone maker said …
