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US first-quarter foreign direct investment falls sharply amid tariff uncertainty

24 Jun 2025

By David Lawder WASHINGTON (Reuters) -Foreign direct investment into the U.S. fell sharply in the first quarter to $52.8 billion from a downwardly revised $79.9 billion in the fourth quarter of 2024, the Commerce Department said on Tuesday, a drop that coincided with high business uncertainty over President Donald Trump’s tariff plans. The fall could …

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Nasdaq 100 notches first record high close since February

24 Jun 2025

(Reuters) -The Nasdaq 100 notched a record high close on Tuesday for the first time since February, rebounding from deep losses in recent months related to worries about U.S. President Donald Trump’s global tariffs. The index, which includes 100 of the most valuable non-financial companies listed on the Nasdaq stock exchange, rose 1.5% to end …

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Fed’s Barr: inflation to rise, may see some persistence

24 Jun 2025

(Reuters) -Higher import levies will put upward pressure on prices that may not prove temporary, Federal Reserve Governor Michael Barr said on Tuesday in remarks that suggest he is in no rush  to cut interest rates despite what he called “gradual, albeit uneven” progress toward 2% inflation to date. “I expect inflation to rise due to …

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Powell repeats rate cuts can wait as Fed studies tariff impacts

24 Jun 2025

By Howard Schneider WASHINGTON (Reuters) -Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday. Pressed by Republican members of the House Financial Services committee about why the Fed isn’t cutting rates, as …

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Powell is staying at the Fed, with Trump appointments possibly limited

24 Jun 2025

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell begins two days of congressional testimony on Tuesday under fire from President Donald Trump for not cutting interest rates but with his status as head of the central bank seemingly secured from any presidential action by a Supreme Court ruling last month. Trump has …

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Spirit Airlines urges US to reject JetBlue, United partnership

24 Jun 2025

By David Shepardson WASHINGTON (Reuters) -Spirit Airlines on Tuesday urged the Transportation Department to reject a proposed JetBlue Airways and United Airlines partnership, saying it was anticompetitive and will prompt large carriers to pursue similar deals. United and JetBlue said in May their “Blue Sky” tie-up would allow travelers to book flights on both carriers’ …

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Fed’s Williams sees slower growth, higher inflation this year on tariffs, uncertainty

24 Jun 2025

By Michael S. Derby ALBANY (Reuters) -Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush to cut interest rates.  “I expect uncertainty and tariffs to restrain spending and reduced immigration to …

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US investor strikes $1 billion merger to create bitcoin treasury company

24 Jun 2025

(ProCap BTC corrects that Citadel is not an investor in the new company in paragraph 7; Corrects name of company to ‘MicroStrategy’ (not ‘Strategy’) in paragraph 4) By Gertrude Chavez-Dreyfuss BOSTON (Reuters) -U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 …

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Investment groups call for exemption of passive income from US tax bill

24 Jun 2025

By Carolina Mandl NEW YORK (Reuters) -Six investment groups representing sectors including fund managers, venture capital and real estate in a letter to two Senate Republicans over the tax and spending bill now under debate asked that passive investments be exempt from a provision of the bill that targets foreign investors. The proposal would allow …

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BlackRock rolls out Texas ETF as Lone Star State draws capital, companies

24 Jun 2025

By Manya Saini (Reuters) -BlackRock on Tuesday launched a Texas-focused exchange-traded fund, as the asset manager aims to tap into the state’s growing reputation as a magnet for companies, capital and jobs in the United States. The Lone Star State’s low taxes, business-friendly policies as well as growing tech and energy sectors have attracted investors …

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