NEW YORK (Reuters) -U.S. inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price Index rose 0.1% last month after being unchanged in March, data showed. Consumer spending, meanwhile, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an …
US inflation tepid in April, consumer spending slows Read More »
WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday. Goods imports decreased $68.4 billion to $276.1 billion. Exports of goods increased …
US goods trade deficit narrows sharply in April as imports plunge Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department on Thursday asked a judge to dismiss a criminal fraud charge against Boeing stemming from two fatal 737 MAX plane crashes that killed 346 people, saying it had reached agreement with the planemaker. Under the deal, Boeing will avoid being branded a convicted felon, but it …
US asks judge to dismiss Boeing 737 MAX criminal fraud case Read More »
By Leticia Fucuchima and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian power grid operator ONS told Reuters it denied miner Vale’s request to increase power consumption at its northern Onca Puma nickel complex, after missing a deadline to confirm the bid. The denial comes as Vale prepares to start up a second furnace at …
Exclusive-Miner Vale misses deadline for power to expand Brazil nickel complex Read More »
(Reuters) -U.S. equity funds faced a second successive weekly outflow in the week through May 28 as tariff threats from President Donald Trump and concerns over rising borrowing costs prompted investors to cut exposure to U.S. assets. Investors pulled a net $5.46 billion worth of capital from U.S. equity funds during the week, adding to …
US equity funds see weekly redemptions on trade tensions Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Megacap technology and growth stocks have retaken U.S. market leadership in recent weeks, but investors say that factors are in place that could allow a broader group of stocks to outperform for the rest of the year. After technology shares led by a small group of stocks known as …
Analysis-Investors see US stocks rally broadening, even as ‘Magnificent Seven’ rebound Read More »
STOCKHOLM (Reuters) -S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to “negative” from “stable”, saying U.S. tariffs and tougher competition in China were hurting the company’s growth prospects. The Sweden-based automaker, which is majority-owned by China’s Geely, last month withdrew its earnings guidance and announced cost cuts, which will …
S&P lowers outlook on Volvo Cars rating citing US tariffs, competition in China Read More »
By Amy Lv and Hongmei Li SINGAPORE (Reuters) -The prospects for iron ore prices are improving thanks to a lower than expected global surplus this year, analysts and traders say, though looming new supply from the giant Simandou project in Guinea remains a long-term downside risk for prices. Analysts and traders have cut their oversupply …
Iron ore pessimism subsides despite looming Simandou supply Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets This week’s U.S. tariff whiplash has left financial markets dazed, as anxiety about foreign capital taxes and fresh rate cut hopes add to the confusion. June promises to be a tense month …
Morning Bid: Tariffs return along with capital tax fears Read More »
By Emily Green MEXICO CITY (Reuters) -Falling investment, slowing growth, and the changing whims of U.S. President Donald Trump have led Mexico to support an early review of the U.S.-Mexico-Canada (USMCA) trade agreement, a sharp U-turn on its previous plan to hold off for as long as possible. Three Mexican officials told Reuters the shift …
