(Reuters) -Financial market bets rose that the Federal Reserve could start interest-rate cuts as soon as this month after Fed Chair Jerome Powell, asked if July was too soon to consider rate cuts, said he “can’t say” but that the decision would depend on the economic data. Short-term interest-rate futures pointed to about a one-in-four …
Fed rate cut bets rise after Powell doesn’t rule out July Read More »
(In paragraph 18, changes reference to last week from this week) WASHINGTON/NEW YORK (Reuters) -President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at the SEC, …
DOGE now targeting SEC policy, eyes SPAC rules, sources say Read More »
(Reuters) -Ford Motor reported a 14.2% rise in second-quarter U.S. sales on Tuesday, driven by higher demand for its pickup trucks. The Detroit automaker’s overall sales rose to 612,095 units in the three months to June. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Sahal Muhammed)
By Costas Pitas (Reuters) -Nearly a month after their initial social media bluster, Elon Musk reignited controversy by renewing his criticism of U.S. President Donald Trump’s sweeping tax bill. Their acrimonious exchange, which has unsettled investors across Musk’s empire including Tesla, flared up again on Monday — after Musk vowed to unseat lawmakers supporting the …
Factbox-Musk, Trump reignite social media feud over big spending bill Read More »
(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that could add trillions of dollars to the country’s already high …
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025. The benchmark S&P 500 is up over 5% on the year so far, rebounding from an April plunge …
Analysis-Six questions facing US stock investors as 2025’s second half kicks off Read More »
(Reuters) -Goldman Sachs on Monday raised its projection for U.S. interest rates in 2025 to three-quarter-point cuts because of muted tariff effects and labor market weakness. The Wall Street brokerage expects rate cuts of 25 basis points each in September, October and December. It had earlier projected a single 25 bp rate cut this year. …
Goldman Sachs raises Fed rate cut forecast to three in 2025 Read More »
(Reuters) -Former Reserve Bank of New Zealand (RBNZ) Acting Governor Grant Spencer has been appointed to the central bank’s board for a five-year term, effective July 1, Finance Minister Nicola Willis said on Tuesday. Spencer served as RBNZ deputy governor and head of the bank’s financial stability committee from 2007 to 2017, and was the …
Former RBNZ Acting Governor Spencer appointed to central bank’s board Read More »
SINGAPORE (Reuters) -Private equity firm KKR & Co Inc said on Monday that its Ascend Asia Financial Services Group is acquiring a financial advisory firm called finexis in Singapore. No financial details were disclosed in the statement on the acquisition of finexis, which was established in 2005 and has a team of over 1,100 financial …
KKR-backed Ascend Asia buys finexis advisory firm in Singapore Read More »
(Reuters) -Top U.S. trade officials are now seeking narrower agreements with other countries to secure deals before President Donald Trump’s July 9 tariff deadline, the Financial Times reported on Tuesday, citing people familiar with the talks. Countries that agree on narrower deals would be spared the harsher reciprocal tariffs, but left with an existing 10% …
US narrows trade focus to secure deals before Trump’s tariff deadline, FT reports Read More »
