By Saqib Iqbal Ahmed, Suzanne McGee and Saeed Azhar NEW YORK (Reuters) -Wall Street traders and investors have been sent to the brink over the past week by President Donald Trump’s tariff policy, scrambling to figure out strategies and calming clients as trillions were wiped off stock market values. A massive relief rally, however, comes …
Wall Street’s week of whiplash brought fear, relief and caution Read More »
By Kamal Choudhury (Reuters) -Vaccine maker Novavax’s shares plunged nearly 20% at market close on Thursday, after Health and Human Services Secretary Robert F. Kennedy Jr. raised concerns about the company’s COVID-19 vaccine in an interview with CBS News. The U.S. Food and Drug Administration, an agency that is part of the HHS, missed its …
By Fedja Grulovic, Patricia Weiss and Jaspreet Singh BELGRADE/FRANKFURT/LONDON (Reuters) – U.S. President Donald Trump’s about-face on sweeping import tariffs did little to soothe companies’ worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains. In a stunning reversal, the president said on Wednesday he …
Trump’s tariff pause only stokes more uncertainty for CEOs Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Thursday that large trade tariffs now being pursued by the Trump administration will almost certainly drive inflation higher and depress growth, at least in the near term. Such an environment presents challenging trade-offs for the central bank on interest …
Fed’s Collins sees steady Fed as tariffs push up inflation risks Read More »
By Hannah Lang (Reuters) – New York Attorney General Letitia James urged lawmakers on Thursday to pass legislation to create a federal regulatory framework for cryptocurrencies, arguing that digital asset investors urgently need stronger protections. In a letter to top congressional leadership, including Senate Majority Leader John Thune and U.S. House Speaker Mike Johnson, James …
New York attorney general urges Congress to bolster crypto regulations Read More »
LONDON (Reuters) – U.S. President Donald Trump’s decision to pause the hefty duties he had said he would impose on dozens of countries one week ago followed turmoil in financial markets that included an acute selloff in the $29 trillion Treasury market. Trump said on Wednesday the bond market had recovered well after investors became …
Explainer-What just happened in the U.S. Treasury market? Read More »
By Jeff Mason and Alexandra Alper WASHINGTON (Reuters) -President Donald Trump said on Thursday he was not sure U.S. Steel needs to make a deal with Nippon Steel because of his tariff policy, casting additional doubt over the future of the proposed tie-up.”U.S. Steel is going to do very well now because of tariffs, and …
Trump says not sure U.S. Steel needs a deal with Nippon thanks to tariffs Read More »
SANTIAGO (Reuters) -Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons. Codelco is the No. 1 miner of the red metal globally, but has struggled to boost declining output in recent years. Meanwhile production at BHP’s Escondida mine, the …
Copper output from Chile’s Codelco slips 6% in February Read More »
BERLIN (Reuters) – The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday. German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun. EU trade commissioner Maros Sefcovic spoke with Chinese …
EU, China will look into setting minimum prices on electric vehicles, EU says Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday high levels of uncertainty amid very aggressive trade tariffs argues for a wait-and-see approach to monetary policy, amid signs the U.S. government bond market is holding up under a period of high stress. “I don’t think you should …
Fed’s Goolsbee: Rate cuts still possible if economy gets back on track Read More »
