Reuters US Business

(Reuters) – Social media platform X’s director of engineering, Haofei Wang, has suddenly left the company, the Verge reported on Monday, citing sources with knowledge of the matter. (Reporting by Juby Babu in Mexico City; Editing by Shreya Biswas)

WASHINGTON (Reuters) – FBI Director Kash Patel said on Monday the bureau was probing what he called “the increase in violent activity toward Tesla,” adding the bureau had taken steps in recent days to crackdown on such incidents. “The FBI has been investigating the increase in violent activity toward Tesla, and over the last few …

FBI says it is probing ‘increase in violent activity toward Tesla’ Read More »

(Reuters) – U.S. companies borrowed 7.4% less to finance equipment investments in February compared with the same period a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. New loans, leases and lines of credit signed up by companies in February also fell to $9.7 billion, from $9.8 billion in the year-ago …

US business equipment borrowings down more than 7% y/y in February, ELFA says Read More »

WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add …

Atlanta Fed’s Bostic now sees only one rate cut this year Read More »

By Michael S. Derby (Reuters) -The Federal Reserve appears to be on the threshold of ending a historic streak of losses, which in turn could get it back on track to returning cash to the Treasury somewhere down the line, analysts at Morgan Stanley said in a note on Monday. At issue is the relationship …

Morgan Stanley says Fed poised to regain positive cash flow Read More »

WASHINGTON (Reuters) -President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged. “I’d like to see the Fed lower interest rates,” Trump said during a meeting with his cabinet at the White House. (Reporting by Andrea Shalal and Jeff Mason)