(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Thursday expressed support for continuing to hold short-term U.S. borrowing costs in their current range of 4.25%-4.50%, a level he believes will help get inflation back down to the Fed’s 2% target but isn’t hurting the job market or the economy more generally. “The policy…
(Reuters) -Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter. The alternative asset manager has discussed providing a major part of the financing, according to the report….
By Patricia Zengerle WASHINGTON (Reuters) – A critical minerals deal Donald Trump has negotiated with Ukraine could ease tensions between Kyiv and the U.S. president and at the same time win back support from his Republicans in Congress for a new round of aid to the war-torn country. Ukrainian President Volodymyr Zelenskiy is expected to…
WASHINGTON (Reuters) – Donald Trump accepted an invitation from King Charles on Thursday to visit Britain, making the U.S. President the first elected political leader in modern times to be hosted for two state visits by a British monarch. British Prime Minister Keir Starmer handed Trump a letter from Charles during a press conference with…
By Jennifer Rigby LONDON (Reuters) – The United States has not moved to quit the Americas branch of the World Health Organization, the Pan American Health Organization (PAHO), despite its wider pullback from global health. President Donald Trump started the 12-month withdrawal process for the U.S. to leave the WHO on his first day in…
(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading. High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items…
(Reuters) -Paramount Global fell short of Wall Street’s fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform. Shares of the company fell 1.5% in extended trading. Media giants are reshaping their business strategies in response to the continued erosion of cable…
DUBLIN (Reuters) – CRH forecast core profit growth of 6% to 12% in 2025 after the largest building materials producer in the United States and Europe posted 12% growth for 2024 on Wednesday, in line with its guidance. The Irish-based, U.S.-listed firm, which makes about 75% of its profit in the U.S., expects 2025 full-year…
By Max A. Cherney, Arsheeya Bajwa and Stephen Nellis (Reuters) – Nvidia forecast higher first-quarter revenue on Wednesday, signalling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month, following…
By Mike Scarcella (Reuters) – A leading attorney for billionaire Tesla CEO Elon Musk and embattled New York Mayor Eric Adams now has a standard billing rate of $3,000 an hour, placing him on the top shelf among even the priciest of Manhattan lawyers. Alex Spiro, known for his high-profile clientele and relentless litigation style,…
