By Maximilian Heath SAN ANDRES DE GILES, Argentina (Reuters) -On Cristian Giacobone’s farm in the heart of Argentina’s Pampas plains, workers in the soy fields have been up since dawn, racing to harvest the rain-delayed crop before the arrival of new storms that will make threshing more difficult. The soy crop, the main export of …
Argentina’s soy farmers race ahead with harvest to beat the rains Read More »
By Timothy Gardner WASHINGTON (Reuters) -The Trump administration said on Thursday it will audit some $15 billion in grants to power grid and manufacturing supply chain projects awarded during the Biden administration. President Donald Trump has championed domestic production of oil, natural gas and coal while halting construction of an offshore wind farm and taking …
Trump administration to audit billions in energy grants awarded under Biden Read More »
By Miranda Murray CANNES, France (Reuters) -Buyers and sellers are heading into this year’s Cannes Film Market under a cloud of uncertainty as the initial shock of U.S. President Donald Trump’s proposed 100% tariff on foreign-made films has faded into a cautious business-as-usual approach. While the Cannes Film Festival conjures visions of glamorous celebrities on …
After US tariff shock, Cannes Film Market is cautiously business-as-usual Read More »
By Casey Hall and Siddharth Cavale NEW YORK (Reuters) -U.S. retailers including Walmart and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed to temporarily slash tariffs. The agreement on Monday to lower U.S. tariffs on shipments from China to …
Retailers rush to save US summer shopping season Read More »
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials feel they need to reconsider the key elements around both jobs and inflation in their current approach to monetary policy, given the inflation experience of the last few years and the possibility that supply shocks and the associated price increases may become more frequent in the …
Fed’s Powell: Strategy around both jobs and inflation needs to be reconsidered Read More »
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that U.S. President Donald Trump’s trade war is filtering through to the American economy. As a bellwether of …
Walmart shoppers to face price hikes as Trump tariffs hit Read More »
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission is looking to trim its headcount by around 10%, its chairman told Congress on Thursday, insisting the agency will be able to continue antitrust and consumer protection work with what would be its smallest staff in 10 years. The FTC is in the midst of an …
WASHINGTON (Reuters) -The U.S. economy is on solid footing with inflation heading to the central bank’s 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on Thursday. “The economy is on solid footing, with solid growth, low and stable unemployment, and inflation continuing to come down towards our 2% …
Fed’s Barr says economy on solid footing, trade dispute clouds outlook Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales growth slowed sharply in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending elsewhere against the backdrop of an uncertain economic outlook. The apprehension over the economy’s prospects, sparked by President Donald Trump’s on-again, off-again tariffs …
US reports lackluster retail sales as tariffs start to dampen demand Read More »
(Reuters) -Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue. The statement follows a New York Times report that said the U.S. Securities and Exchange Commission is investigating whether Coinbase’s user numbers in past disclosures were accurate. “This is …
Coinbase says it strongly believes US SEC investigation should not continue Read More »
