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By Suzanne McGee (Reuters) -Investors welcomed the conciliatory tone at U.S.-China trade talks this weekend aimed at cooling a trade war between the world’s two largest economies and dispelling some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet. In a sign of investor relief that the worst of a …

Investors welcome news of progress in US-China trade talks; US stock futures rise Read More »

WASHINGTON (Reuters) – U.S. Commerce Secretary Howard Lutnick on Sunday said bilateral talks with China now underway in Geneva are intended to “de-escalate” tensions between the two superpowers, as he predicted multiple trade deals over the next few months without naming specific countries. Treasury Secretary Scott Bessent “has made it clear one of his objectives …

US Commerce Secretary Lutnick says China talks aimed at lowering trade tensions Read More »

By Amina Niasse and Nicholas P. Brown NEW YORK (Reuters) -Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines. But some of WeightWatchers’ closest rivals, newer telehealth companies, …

Wellness companies eager to avoid WeightWatchers’ fate embrace weight-loss drugs Read More »

By Alexandra Alper WASHINGTON (Reuters) -The U.S. federal human resources agency at the heart of billionaire Trump adviser Elon Musk’s efforts to slash the federal workforce on Friday canceled a contract it had awarded to Workday and which had excluded other bidders. The contract for a new cloud-based HR platform, signed on May 2 and …

US federal HR agency leading DOGE job cuts cancels sole-source Workday award Read More »

By Ernest Scheyder (Reuters) -A U.S. federal judge on Friday temporarily blocked the Trump administration from transferring land to Rio Tinto and BHP for a copper mine opposed by Native Americans, citing the Supreme Court’s ongoing deliberations in the complex case. The long-running fight over the Resolution Copper project pits the religious rights of Arizona’s …

US judge halts land exchange for Rio Tinto copper mine opposed by Native Americans Read More »

By Howard Schneider PALO ALTO (Reuters) – The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration’s tariff policies lead to persistent inflation or a less serious, one-time adjustment in prices, St. Louis Fed President Alberto Musalem said on Friday. Musalem said he currently puts even odds …

Fed’s Musalem: Should not commit to rate cuts until tariff impact becomes certain Read More »

(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech …

Texas secures $1.38 billion settlement with Google over data privacy Read More »