By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early …
Wall Street equity indexes close higher after US-China tariff truce Read More »
(Reuters) -Amazon has hired FedEx to handle some of its large package deliveries, the companies said on Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs. FedEx shares surged on Monday even more than rallying Wall Street benchmarks, finishing up 7%. The Memphis-based delivery company …
Amazon signs up FedEx for residential deliveries Read More »
(Reuters) -The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot in the coming days reach a resolution over a month-old stop-work order issued by the Trump administration. Molly Morris, president of the U.S. renewable energy arm of …
Equinor says it could cancel New York offshore wind project over Trump order Read More »
(Reuters) -The U.S. Interior Department said on Monday it will fast-track environmental permitting for Anfield Energy’s proposed Velvet-Wood uranium mine project in Utah to boost President Donald Trump’s efforts to ramp up domestic energy production. As a result, the project’s environmental review will be completed in just 14 days, the department said in a statement. …
By Michael S. Derby and Ann Saphir (Reuters) -Top U.S. bank lending officers reported weaker demand from businesses and consumers for many types of credit during the first three months of the year, according to a Federal Reserve report released on Monday, reversing a short-lived surge in loan demand the previous quarter. The number of banks …
Fed survey finds general ease in first-quarter credit demand Read More »
(Reuters) -A coalition of American film industry unions and guilds, joined by veteran actor Jon Voight, has asked U.S. President Donald Trump to consider implementing tax incentives in his push to promote domestic film productions, according to a letter seen by Reuters on Monday. Along with Voight, the letter was signed by Sylvester Stallone and …
Jon Voight, Hollywood coalition asks Trump to consider tax incentives Read More »
By Deena Beasley (Reuters) -The Trump administration on Monday singled out powerful new weight-loss drugs including Wegovy and Zepbound as targets in its push to lower prescription drug prices. President Donald Trump’s executive order demands that drugmakers cut prices on their products in the coming months to hew more closely to what they charge in …
Trump calls out weight-loss drugs as target of price-cut push Read More »
(This story has been refiled to remove the sentence saying BYD did not reply to a request for comment) By Fabio Teixeira RIO DE JANEIRO (Reuters) -Chinese electric car maker BYD’s new factory in Brazil will be “fully functional” by December 2026, after its operations were delayed because of an investigation into labor abuses, Bahia …
BYD factory delayed in Brazil to be ‘fully functional’ by end-2026, says official Read More »
By Michelle Conlin NEW YORK (Reuters) -Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to win the opportunity to dine with the president at his private golf club outside of Washington, D.C. on May 22, according to crypto intelligence firm Inca Digital. The event, which the …
Buyers of $TRUMP meme spent $148 million to win dinner with President Trump Read More »
By Padraic Halpin and Howard Schneider DUBLIN (Reuters) -The U.S.-China deal to lower the most aggressive import tariffs between the world’s two largest economies could lessen the impact of their trade war, though the levies left in place are still steep and will leave a mark on the economy, Federal Reserve officials said on Monday. …
Fed officials say China-US tariff reprieve lowers risks Read More »
