By Ann Saphir and Michael S. Derby (Reuters) -The Federal Reserve’s latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President Donald Trump’s tariffs have likely only begun to be felt and repeated the central bank’s view that …
Still early to assess tariff impact on economy, Fed report says Read More »
By Giulio Piovaccari MILAN (Reuters) -Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands. Discussions over Maserati’s future started before new CEO Antonio Filosa, who starts on Monday, was …
Exclusive-Jeep maker Stellantis weighs sale among options for Maserati, sources say Read More »
SARAJEVO (Reuters) -ArcelorMittal , the world’s second-largest steelmaker, said it signed a deal on Friday to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore mine, to the Bosnia-based Pavgord Group. The Luxembourg-based company owns the steel mill in the central town of Zenica and the iron ore mine …
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup hired Drago Rajkovic as its co-head of mergers and acquisitions from rival JPMorgan Chase, according to a memo seen by Reuters on Friday. Rajkovic, who has more than three decades of advisory experience, was most recently global chairman of M&A at JPMorgan, according to the memo signed by …
Citigroup hires Drago Rajkovic as co-head of M&A from JPMorgan, memo says Read More »
By Howard Schneider WASHINGTON (Reuters) -Richmond Federal Reserve President Thomas Barkin said on Friday there’s no rush to cut interest rates given the still-unresolved risk that new import taxes might raise inflation, and with the U.S. job market and consumer spending holding up. “I don’t think the data gives us any rush to cut…I am …
Exclusive-Fed’s Barkin: No rush to cut, can’t dismiss inflation risks from tariffs Read More »
By Mrinalika Roy (Reuters) -The U.S. AgTech sector is navigating a challenging investment climate. Yet, amid the funding downturn, some companies are carving out growth opportunities, particularly in the dairy and solar sectors. Macroeconomic headwinds, weak commodity prices and a sluggish agricultural cycle have weighed on funding and valuations in the agricultural technology sector that …
US AgTech capital drought continues, dairy and solar sectors offer bright spots Read More »
(Reuters) -A U.S. judge granted preliminary approval on Friday to a $177 million settlement that resolves data security lawsuits against AT&T over breaches that exposed personal information belonging to tens of millions of the telecom giant’s customers. U.S. District Judge Ada Brown in the federal court in Dallas, Texas, said in a ruling that the …
$177 million AT&T data breach settlement wins US court approval Read More »
By Juveria Tabassum (Reuters) -U.S. grocer Kroger bumped up its annual sales growth forecast on Friday and said it would invest in lowering prices to attract value-seeking consumers against a backdrop of tariff-induced uncertainty, sending its shares 7% higher. President Donald Trump’s sweeping tariffs have rattled global markets, raising fears of persistent inflation in the …
Kroger lifts sales target as cautious Americans buy cheaper groceries Read More »
(Reuters) -U.S. equity funds logged the largest weekly outflow in three months in the week through June 18 as intensifying Israel-Iran tensions and persistent concerns over the economic impact of elevated U.S. tariffs drove investors to reduce risk exposure. According to LSEG Lipper data, investors exited U.S. equity funds of $18.43 billion during the week, …
US equity funds see hefty outflows on Israel-Iran conflict Read More »
By Emily Schmall COLBY, Kansas (Reuters) -On a foggy morning in May, Dennis Schoenhals drove a carload of crop scouts around the wheat fields of northern Oklahoma, part of an annual tour to evaluate the health of the crop. But on some fields, Schoenhals and other farmers had already abandoned plans to harvest the grain …
‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle Read More »
