DUBROVNIK, Croatia (Reuters) -The European Central Bank is “nearly done” cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back …
ECB is ‘nearly done’ with cuts if forecasts hold, Vujcic says Read More »
By Ann Saphir (Reuters) -Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance. The Labor Department’s monthly employment report showed the unemployment rate held steady at 4.2% …
Fed likely to leave rates unchanged as US job market cools but doesn’t crumble Read More »
(Reuters) -EchoStar is considering a Chapter 11 bankruptcy filing as the telecommunications services firm vies to shield its cache of wireless spectrum licenses from the threat of revocation by federal regulators, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company declined to comment on the report. Last month, the …
EchoStar prepares potential bankruptcy filing amid FCC review, WSJ reports Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world’s biggest economies. Asked by a reporter aboard Air Force One whether Xi had agreed to do …
Trump says China’s Xi agreed to let rare earth minerals flow to US Read More »
WASHINGTON (Reuters) -President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates. “It’s coming out very soon,” Trump told reporters on Air Force One. When asked specifically about former Fed governor Kevin Warsh, Trump said, …
Trump says decision on Fed chair will be out soon Read More »
By Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta NEW YORK (Reuters) -U.S. stocks closed higher on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla bounced, clawing back some losses from a sharp plunge the previous session. The S&P 500 closed above 6,000 for the first time since Feb. 21, fueled …
US stocks end up on jobs data, China hopes; Tesla bounces Read More »
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian airline Gol formally exited its bankruptcy proceedings in the United States on Friday, setting the stage for fleet expansion and new flights and routes within Brazil and other countries, Chief Executive Officer Celso Ferrer said. In 2024, Gol became the second Brazilian airline, after Latam in 2020, to …
Gol exits Chapter 11 with plans to add new routes and expand fleet Read More »
By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
US oil/gas rig count falls for 6th week to 2021 lows, Baker Hughes says Read More »
By Manya Saini (Reuters) -Gemini, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially filed for a U.S. initial public offering, as digital asset firms seize on renewed market momentum. Several high-profile companies, including those in high-risk sectors such as crypto and financial technology, have launched successful …
Gemini confidentially files for US IPO as crypto markets heat up Read More »
By Suzanne McGee and Saqib Iqbal Ahmed NEW YORK (Reuters) -Retail investors seem to have spotted an opportunity in the sudden feud between U.S. President Donald Trump and his former ally, Tesla CEO Elon Musk, scooping up shares of the electric car maker as they tumbled on the acrimonious standoff. Trump on Thursday threatened to …
Retail traders scooped up Tesla as Trump-Musk spat hit stock Read More »
