Reuters US Business

By Howard Schneider and Ann Saphir PALO ALTO, California (Reuters) -The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump’s tariff and other policies before figuring out the right response, Cleveland Fed President Beth Hammack said on Friday, noting that much of the administration’s sweeping agenda remains unclear. …

Exclusive-Fed’s Hammack wants clear data before moving on rates, not much data by June Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump’s comments on Chinese tariffs ahead of weekend trade talks between the two countries. Wall Street’s main indexes finished slightly lower for the week. Trump said …

Wall St closes near flat with focus on US-China talks Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it has opened a national security investigation into the import of commercial aircraft, jet engines and parts. The “Section 232” investigation, which was opened on May 1 but not publicly disclosed previously, could be used as a basis of even higher tariffs on …

US opens national security probe into imported commercial jets, engines Read More »

By Jody Godoy (Reuters) -The U.S. Federal Trade Commission is delaying implementation of a rule set to take effect next week that would require businesses to make it as easy to cancel subscriptions and memberships as it is to sign up, to give companies more time to comply, the agency said on Friday. The rule …

FTC hits pause on ‘click to cancel’ rule Read More »

By David Morgan (Reuters) -U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government’s debt limit by mid-July to avoid a default that would upend global markets. Bessent told congressional leaders that they needed to extend the U.S. government’s borrowing authority before August, warning that there is a “reasonable probability” the …

US Treasury secretary urges Congress to raise debt limit by mid-July Read More »

(Reuters) -Virtual chronic care provider Omada Health has filed to go public in the United States, the latest in a string of healthcare listings expected this year. While U.S. President Donald Trump’s tariff whiplash has roiled markets and cast a shadow on new listings, companies in sectors perceived as less sensitive to economic headwinds are …

Digital health company Omada files for US IPO Read More »

By Ann Saphir and Howard Schneider Palo Alto, California (Reuters) – Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump’s pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to …

Ex Fed’s Warsh highlights a path to lower rates, takes a fresh dig at the Fed Read More »