By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he still sees a path to interest rate cuts later this year, and added that market pricing shows investors are worried the current Republican-backed budget and tax bill in Congress does not do enough to deal with the U.S. deficit. …
Fed’s Waller sees path to rate cuts later this year, Fox Business reports Read More »
ROME (Reuters) -Italy is confident the United States will agree to a trade deal with the European Union similar to the one Washington has already struck with Britain, Economy Minister Giancarlo Giorgetti said on Thursday. The White House has imposed a 25% tariff on imports of steel, aluminium and cars, as well as a baseline …
Italy confident US-EU trade accord will echo the US-UK deal Read More »
By Siddharth Cavale NEW YORK (Reuters) -President Donald Trump’s tariffs are widening the gap between market-leader Walmart and Target, the companies’ latest quarterly reports show, underscoring missteps at the smaller U.S. retailer amid economic uncertainty. Walmart, considered a proxy for U.S. consumer health, said last week that it would have to raise prices to deal …
Analysis-Walmart vs Target: tariffs highlight growing divide in fortunes Read More »
NEW YORK (Reuters) – The U.S. Treasury market remains orderly and U.S. government bonds remain liquid safe-haven assets, a spokesperson at the International Monetary Fund said on Thursday, adding the Fund was monitoring tax plans taking shape in Congress. Long-term U.S. government bond yields have been rising sharply this week after a downgrade of the …
US Treasuries sell-off remains orderly, IMF says Read More »
(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent’s artificial intelligence updates including the rolling out of “AI Mode” to all its U.S. users. A $249.99-a-month subscription for its AI power users, teased at its annual developer conference, also allayed concerns over funding the huge …
Alphabet hits near three-month high on new AI updates Read More »
By Mike Spector, David Shepardson and Allison Lampert (Reuters) -The U.S. Justice Department should take Boeing to trial in a criminal fraud case stemming from two fatal 737 MAX crashes and reject a tentative deal to allow the planemaker to avoid prosecution, a lawyer for some of the victims’ families said. Lawyer Paul Cassell said …
US should take Boeing to trial in 737 MAX fraud case, lawyer says Read More »
WASHINGTON (Reuters) -U.S. existing home sales unexpectedly fell in April despite a temporary drop in mortgage rates and increased supply, and could remain lackluster this year amid rising economic uncertainty. Home sales slipped 0.5% last month to a seasonally adjusted annual rate of 4.00 million units, the National Association of Realtors said on Thursday. Economists …
US existing home sales unexpectedly fall in April Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -The first phase of a massive new artificial data center in the United Arab Emirates will come online in 2026, likely with 100,000 Nvidia chips. The “Stargate UAE” project is part of a deal brokered last week by U.S. President Donald Trump to build the world’s largest set of …
‘Stargate UAE’ AI datacenter to begin operation in 2026 Read More »
By Rocky Swift (Reuters) -Over-the-counter (OTC) shares in Fannie Mae and Freddie Mac jumped to highest since 2008 on Thursday after U.S. President Donald Trump said he was considering taking the U.S. mortgage finance firms public. The United States Treasury owns preferred shares in the firms and warrants to purchase about 80% of their common …
Fannie, Freddie OTC shares soar to 2008 highs after Trump comments on spin-off Read More »
By Howard Schneider WASHINGTON (Reuters) -Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better off five years later, a JPMorganChase Institute study concluded. The study, released on Thursday, said after-tax take-home pay, adjusted for …
US real earnings stalled across age, income groups in past year, study shows Read More »
