By Jeff Mason, Alistair Smout and Doina Chiacu WASHINGTON/LONDON (Reuters) -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates. The deal also removes Chinese export …
Deal to get US-China trade truce back on track is done, Trump says Read More »
(Corrects phrasing in headline) By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the Trump administration’s import tariffs. The report from the Labor Department on Wednesday also showed underlying …
US consumer prices rise moderately; tariffs expected to fan inflation Read More »
By Chris Prentice NEW YORK (Reuters) -U.S. regulators scrambled on Wednesday to extend a deadline for new data reporting requirements for investment advisers to private funds, just one day before they were due to take effect. The rules, adopted by two U.S. markets regulators in February 2024, will require advisers to disclose more information to …
US regulators push through last-minute delay to new private fund reporting rules Read More »
By Alexandra Ulmer and Nandita Bose (Reuters) -Billionaire businessman Elon Musk backed off digs he took at President Donald Trump after extensive outreach from administration officials, including Vice President JD Vance, with Musk saying on Wednesday he had gone “too far.” The Tesla <TSLA.O> and SpaceX CEO voiced regret after having launched an exchange of …
Musk backtracks on Trump criticism after White House outreach Read More »
(Starbucks is correcting to say the staffing surge applies to the more than 11,000 company-owned stores in North America rather than 18,000 company-owned and licensed stores in headline and second paragraph) By Waylon Cunningham (Reuters) -Starbucks CEO Brian Niccol told Reuters on Tuesday that he would accelerate the rollout of the coffeehouse chain’s new staffing …
Starbucks accelerates new staffing model to all company-owned North American stores Read More »
By Noel Randewich and Kanchana Chakravarty (Reuters) -The S&P 500 ended lower on Wednesday, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more details on China-U.S. trade talks. Wall Street erased modest gains after sources said the United States is preparing a …
S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal Read More »
(Reuters) -Railroad operator CSX said on Wednesday that employees represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET) have voted to ratify the five-year collective bargaining agreement. The contract, covering approximately 3,400 locomotive engineers, aligns with general wage increases, health and welfare improvements included in CSX’s agreements with 13 other unions, the company said. …
BLET union members vote to ratify 5-year deal with CSX Read More »
By David Shepardson WASHINGTON (Reuters) -An influential consumer organization on Wednesday urged Republican lawmakers to drop a plan to impose a proposed $250 annual fee on electric cars to pay for road repairs. Consumer Reports, which also tests and rates new vehicles, noted that Republican Senator Bernie Moreno has called for boosting the proposed yearly …
Consumer Reports urges Congress to drop electric vehicle tax proposal Read More »
By Abigail Summerville NEW YORK (Reuters) -Apollo Global Management and Irth Capital Management have approached Papa John’s International for a deal that would take the U.S. pizza chain private, two people familiar with the matter said on Wednesday. The investment firms’ joint bid would value Papa John’s, the world’s third-largest pizza delivery company, at just …
Apollo and Irth Capital made an offer to buy Papa John’s, sources say Read More »
By Lawrence Delevingne and Lawrence White (Reuters) -Wall Street stocks and the dollar fell on Wednesday, while U.S. Treasury yields eased, amid fresh tension in the Middle East, a lack of detail in a U.S.-China trade deal, and U.S. consumer prices showing only a mild increase. The U.S. is preparing a partial evacuation of its …
