By Michael S. Derby (Reuters) -The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years remains real despite current relatively high levels of short-term borrowing costs, a new paper published jointly between the New York and San Francisco Federal Reserve banks …
Fed paper says risk of falling back to near zero rates still in play Read More »
(Reuters) -Online spending is expected to surge to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event this week, according to an Adobe Analytics forecast released on Monday, as shoppers seek strong discounts on back-to-school gear ranging from apparel to electronics. Sales from July 8 to 11 are projected to rise 28.4% …
Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates Read More »
(Reuters) -China’s central bank has asked some financial institutions about their views on recent U.S. dollar weakness, people with knowledge of the matter said. In the survey conducted last week, the People’s Bank of China (PBOC) asked questions related to the U.S. dollar’s movements and the causes of its recent weakness and outlook for the …
By Puyaan Singh and Siddhi Mahatole (Reuters) -KalVista Pharmaceuticals said on Monday the U.S. Food and Drug Administration has approved its drug, the first on-demand oral treatment for a type of hereditary swelling disorder, sending its shares up more than 18%. The FDA’s decision follows an extended review of the drug last month due to …
US FDA approves KalVista’s oral swelling disorder drug, shares rise Read More »
SAO PAULO (Reuters) -Brazil’s auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in Latin America’s largest economy were down 5.7% in the month to 212,932 units, the group added. (Reporting by Paula Arend Laier)
(Reuters) -Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels …
Trump Media launches TV streaming platform with Newsmax channel globally Read More »
By Suzanne McGee (Reuters) -New U.S. Securities and Exchange Commission guidance on disclosure requirements for exchange-traded products tied to cryptocurrencies marked the first step toward approval of dozens of applications for ETFs linked to everything from Solana and XRP to President Donald Trump’s eponymous meme coin. The guidance, issued last Tuesday, signaled a dramatic shift …
Analysis-US SEC’s guidance is first step toward rules governing crypto ETFs Read More »
By Manya Saini and Pritam Biswas (Reuters) -CoreWeave will buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion, it said on Monday, as AI infrastructure firms race to secure the energy and data center capacity needed to power surging demand. Bitcoin miners’ energy-intensive sites and power contracts, built during the …
CoreWeave to buy Core Scientific in $9 billion deal to meet AI power needs Read More »
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future. The company’s shares slumped 7.5% in early trading after Musk’s political move, which …
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump Read More »
WASHINGTON (Reuters) -The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, ahead of a U.S. deadline on Wednesday to finalize trade pacts. “We’ve had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a …
US to make several trade announcements in next 48 hours, Treasury secretary says Read More »
