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Trump to examine all options for farm workers, agriculture secretary says

12 Jun 2025

WASHINGTON (Reuters) -U.S. Agriculture Secretary Brooke Rollins on Thursday said President Donald Trump would look at every available tool to address farm workers amid his ongoing immigration crackdown, but that Congress would need to make most of the changes. “The president understands that we can’t feed our nation or the world without that labor force, …

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Trump says he won’t fire Fed’s Powell but ‘may have to force something’ on rates

12 Jun 2025

WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday said he would not fire Federal Reserve Chair Jerome Powell, adding that he “may have to force something” as part of his ongoing push for the central bank to lower rates.  “Raise your rates. You don’t have to keep them up here. If it’s going to go …

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Oracle shares hit record high as AI cloud demand propels revenue forecast

12 Jun 2025

(Reuters) -Oracle shares surged 14% to breach the $200-mark for the first time on Thursday, after the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services. Confidence in the software sector remained strong despite geopolitical tensions, even as analysts warn that U.S. President Donald Trump’s tariffs could undermine Big …

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Arabica growers in Brazil’s Cerrado Mineiro testing Conilon plants, Nestle manager says

12 Jun 2025

By Oliver Griffin SAO PAULO (Reuters) -Brazilian coffee producers in the country’s Cerrado Mineiro, a stronghold for growing Arabica beans, are testing Conilon varieties amid climate change and other concerns, Nestle’s agricultural coffee manager said. Arabica coffee, which needs cooler temperatures to grow than Canephora beans, is considered to be particularly susceptible to climate change. …

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Trump says he may soon hike auto tariffs to get more US production

12 Jun 2025

By David Shepardson and Jeff Mason WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday warned he may soon hike auto tariffs, arguing that could prod automakers to speed U.S. investments. “I might go up with that tariff in the not too distant future,” Trump said at a White House event. “The higher you go, the …

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US household wealth dropped in first quarter as tariff concerns hit stocks

12 Jun 2025

By Ann Saphir (Reuters) -U.S. household wealth fell at the end of the first quarter, Federal Reserve data showed on Thursday, dragged down by a stock market rout that has since reversed course. The net worth of households and non-profit groups shrank to $169.3 trillion as of March 31, the Fed said in its quarterly …

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US labor market losing momentum; May producer inflation comes in tame

12 Jun 2025

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits held at an eight-month high last week, consistent with easing labor market conditions, while slowing domestic demand helped to restrain producer prices in May. In the absence of economic uncertainty caused by President Donald Trump’s aggressive tariffs on imported goods, …

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Micron boosts US investment plan by $30 billion amid Trump’s onshoring push

12 Jun 2025

By David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -Memory chip maker Micron Technology said on Thursday it is expanding its U.S. investments by $30 billion as President Donald Trump presses companies to boost U.S. investments and threatens new tariffs on semiconductors. Micron now says its planned investments will total $200 billion. The company last year …

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IMF welcomes Argentina reform steps ahead of end-June visit

12 Jun 2025

LONDON (Reuters) -The International Monetary Fund said on Thursday that it welcomed recent measures taken by Argentina’s central bank and finance ministry ahead of a visit by the Fund to the country later in June. Argentina’s central bank rolled out a broad package of economic measures on Monday to boost reserves, including an up to …

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