By Jeff Mason WEST MIFFLIN, Pennsylvania (Reuters) -U.S. President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25%, ratcheting up pressure on global steel producers and deepening his trade war. “We are going to be imposing a 25% increase. We’re going to bring it from …
Trump says he plans to double steel, aluminum tariffs to 50% Read More »
(Reuters) -Ford is recalling 29,501 vehicles in the U.S. due to a detached control arm that can cause a loss of vehicle steering and control, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday. The automaker is recalling certain 2024-2025 F-150 Lightning BEV vehicles, NHTSA said. (Reporting by …
Ford recalls more than 29,000 vehicles in the US, NHTSA says Read More »
By Ahmad Ghaddar, Alex Lawler and Yousef Saba LONDON (Reuters) -The OPEC+ group of oil-producing countries has begun unwinding some of its output curbs with eight members looking to gradually add back some 2.2. million barrels per day (bpd) of supply. The eight agreed to increase production in July by 411,000 bpd in an online …
Explainer-How are OPEC+ oil producers unwinding their output cuts? Read More »
By Stephen Culp and Suzanne McGee NEW YORK (Reuters) -Four months into President Donald Trump’s second term, market observers have taken a cue from his fondness for condensing slogans into catchy acronyms like MAGA, DOGE and MAHA, and devised a few of their own that have been spreading across trading desks. Even those acronyms that …
From TACO to FAFO, investors love parodies of Trump acronyms Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs. Pakistan faces a potential 29% tariff on its exports to the United States due to a $3 billion trade surplus with the world’s …
Trump says Pakistani representatives coming to US next week for trade talks Read More »
By Chris Prentice and Douglas Gillison NEW YORK/WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday said it was asking Congress to keep its budget unchanged next year and its workforce significantly leaner following recent deep staff cuts. The agency asked for $2.15 billion in funding for the 2026 fiscal year, keeping levels flat …
US SEC lays out plan to keep budget flat, lower staff levels Read More »
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Friday cooling inflation offers “relief” for Americans suffering from high prices, but that there are risks of higher inflation ahead. “The inflation number that printed today, that’s good relief for American consumers,” Daly said on Fox Business’ “Maria Bartiromo’s Wall Street,” referring to the …
Fed’s Daly: April PCE inflation is a ‘relief,’ but incomplete, Fox Business reports Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended a volatile session little changed on Friday as U.S. President Donald Trump slammed China before sounding upbeat about reaching a trade deal, but the benchmark index tallied its biggest monthly increase since November 2023. The Nasdaq also registered its biggest monthly percentage gain since November …
S&P 500 ends near flat but posts biggest monthly pct gain since November 2023 Read More »
HOUSTON (Reuters) – A Delaware judge has extended a deadline to submit improved bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to June 18, a filing showed on Friday, giving more time for bidders to participate. Companies taking part in the bidding round originally had until May 28 …
US court extends deadline for improved bids in Citgo parent’s auction Read More »
By Jody Godoy WASHINGTON (Reuters) -A federal judge in Washington suggested on Friday he is considering making Alphabet’s Google take less aggressive measures to restore competition in online search than the 10-year regime proposed by antitrust enforcers. U.S. District Judge Amit Mehta heard closing arguments on Friday at a trial on proposals to address Google’s …
Google judge mulls softer remedies in US search antitrust case Read More »
