By Michael S. Derby NEW YORK (Reuters) -Americans’ outlook on inflation was little changed last month as households upgraded their views on the state of their finances and ability to get credit, according to a report released on Tuesday by the New York Federal Reserve. As of June, inflation one year from now was expected …
US consumers happier about finances, expect stable inflation, New York Fed says Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell should resign immediately. (Reporting by Andrea Shalal and Trevor Hunnicutt)
By Neil J Kanatt (Reuters) -Wendy’s said on Tuesday its CEO Kirk Tanner was leaving the burger chain after just over a year in the role to take on the top job at chocolate maker Hershey. For Wendy’s, the change comes at a time when it has been grappling with muted sales as macroeconomic volatility …
Wendy’s CEO Kirk Tanner jumps ship to Hershey as top boss Read More »
(Reuters) -U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects. In an executive order, Trump said the renewable energy resources were unreliable, expensive, displaced more dependable energy sources, were dependent on foreign-controlled supply …
Trump executive order seeks end to wind and solar energy subsidies Read More »
By Joey Roulette WASHINGTON (Reuters) -Hundreds of U.S. companies on Tuesday urged Congress to back off a plan to kill a small federal office tasked with managing satellite traffic in space, a badly needed civilian effort initiated by President Donald Trump’s first administration but now imperiled by cuts. The White House’s 2026 budget proposal seeks …
Space industry urges US Congress not to axe system that prevents satellite collisions Read More »
(Removes named item code) By Siddarth S and Rae Wee (Reuters) -BofA Global Research and Goldman Sachs on Tuesday became the latest Wall Street brokerages to raise their year-end targets for the S&P 500 index, broadly driven by reduced policy uncertainty, resilient corporate earnings and potential interest rate cuts. BofA lifted the benchmark’s index target …
BofA, Goldman Sachs latest on Wall Street to lift S&P 500 index’s annual target Read More »
(Reuters) -United Airlines said on Tuesday that it would restart its services to Tel Aviv, Israel, on July 21. (Reporting by Nathan Gomes in Bengaluru)
By Niket Nishant (Reuters) -Linqto, the investment platform that let users access shares of privately held companies, filed for bankruptcy on Tuesday, citing challenges stemming from alleged securities law violations. The company’s move comes after months of investigation by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Wall Street’s self-regulator. Linqto had …
Private investment platform Linqto files for bankruptcy amid SEC scrutiny Read More »
WASHINGTON (Reuters) -Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve’s dilemma in determining if slowing growth or inflation is the greater risk to the U.S. economy, with interest rate decisions hinging on how policymakers reconcile conflicting information in a still volatile trade environment. With new economic data pulling the …
In the Fed’s hunt for a reason to cut rates, surveys and tariffs make answers elusive Read More »
TOKYO (Reuters) -Nissan Motor is scaling back production plans for its new Leaf electric vehicle model because China’s rare earth export restrictions have led to a shortage of parts, Kyodo News reported on Tuesday. The revised production of the new model, which is set to launch later this year, could complicate the Japanese carmaker’s restructuring …
